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    OFF-MARKET
    Retail properties & Spaces

    5124 Pne Is Dr, Merrillville, IN 46307

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    Property summary
    AI-generated overview

    This exceptional 1,080 square foot traditional office suite is ideally situated in Pine Island Plaza, a high-traffic retail center located on Route 30, bordering Crown Point and Schererville, Indiana. The property boasts a prime business and retail location with excellent visibility and accessibility. The suite is a single-tenant space, perfect for a small business or professional office. The building features ample parking for tenants and customers. Family Dollar serves as an anchor tenant, ensuring consistent foot traffic. The lease rate is $13.00 per square foot, net-net, with a preferred lease term of 3-5 years. The monthly rent of $1514.17 includes common area maintenance (CAM), taxes, and insurance, totaling $344.17. This all-inclusive monthly cost provides predictable budgeting for the tenant. For businesses requiring more space, there's an option to combine this suite with units E, F, and K for a total of 5,388 square feet. The property's address is 5124 Pine Island Dr, Crown Point, IN 46307.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
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    Zoning & alternative use
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    Permitted uses
    Allowed · conditional · prohibited
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