2008-2124 45Th St Highland, IN 46322
Porte De L'eau Plaza, a 88,588 square foot strip center in Highland, Indiana, presents a compelling investment opportunity. Located at 2008-2124 45th Street, this property boasts a desirable location just a few miles south of the I-80/94 access to Chicago and immediately west of Indianapolis Boulevard, experiencing high traffic counts exceeding 40,000 vehicles per day. Built in 1984, the center sits on a 9.19-acre lot and is zoned B-1. The property features a diverse tenant mix and offers multiple spaces for lease, ranging from a minimum of 1,000 square feet to a maximum contiguous space of 4,480 square feet. Currently, 17,540 square feet are vacant, providing significant potential for new businesses. The property's APN is 45-07-32-201-002.000-026, and it's situated in Lake County. Large signage opportunities are available on 45th Street, enhancing visibility and attracting customers. This retail center offers a strong trade area with aggressive rental rates, making it an attractive investment in a thriving community. The property is conveniently located within the Chicago metropolitan area, benefiting from the region's robust economy and population. This is a rare opportunity to acquire a well-positioned retail property in a high-traffic area with significant upside potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.