5124 Pne Is Dr Merrillville, IN 46307
- Retail properties
Current Use by Public Records
- Carr Boxing Gym / Gym
- Family Dollar / Dollar Store / Clothing Store
- Pine Island Liquor / Liquor Store
- Five Star Thai Cuisine and Grocery / Thai Restaurant / Asian Restaurant
- Pine Island liquors / Liquor Store
Property Details for 5124 Pne Is Dr
- Property type
- Retail properties
Description
This exceptional 2,308 square-foot retail space is ideally situated in Pine Island Plaza, conveniently located at the intersection of Pine Island Drive and Route 30, a high-traffic area boasting over 42,000 cars daily. The property is a single-tenant space currently configured as a gym, featuring two bathrooms, an office, and a utility room. The space offers both front and back access for convenient loading and unloading. A prominent monument sign with a message board provides excellent advertising opportunities for tenants. The monthly rent of $3,173.17 is a net-net rate of $13.00 per square foot and includes common area maintenance (CAM), taxes, and insurance. The lease term is flexible, ranging from 3 to 5 years. This location benefits from its proximity to Crown Point and Schererville, ensuring high visibility and accessibility. For businesses seeking expansion, there's an opportunity to combine this unit with adjacent units E, G, and K, resulting in a total of 5,388 square feet of retail space. The presence of a Family Dollar as an anchor tenant further enhances the location's appeal and draws significant foot traffic. This property presents a fantastic opportunity for a variety of retail businesses seeking a prime location with high visibility and convenient access.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Merrillville
- County
- Lake
- State
- Indiana
- Longitude
- -87.3964
- Latitude
- 41.4732
