9825 Wicker AveSaint John, IN 46373

Property Details for 9825 Wicker Ave

Year built

2006

Construction

TYPE NOT SPECIFIED

Lot size

6.84 AC

Property size (Sq ft)

68,634 SF

Zone code

R33

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

45-11-33-304-001.000-035

APU

451133304001000035

Description

This exceptional retail opportunity presents 536 square feet of vacant space within a thriving commercial center at 9825 Wicker Avenue in St. John, Indiana. Located inside the bustling Strack & Van Til grocery store, this unit benefits from the significant foot traffic generated by the anchor tenant and its proximity to major roadways like US 41 (Wicker Ave). The property is part of a larger 68,633 square foot retail center, boasting a Class C designation and built in 2006. The surrounding area is anchored by a strong mix of national retailers, including Target, Aldi, Tractor Supply, Planet Fitness, and Goodwill, ensuring high visibility and consistent customer flow. This presents a unique chance to capitalize on the millions of annual visitors to the grocery store, offering excellent potential for a variety of retail businesses. The property sits on a 6.84-acre lot and is zoned C3, providing flexibility for various commercial uses. This space is ideal for businesses seeking exposure in a densely populated and highly desirable area of Lake County, Indiana, within a well-established commercial development. The property's location in St. John, a town known for its strong community and safety, further enhances its appeal. This is a rare opportunity to establish a presence in a thriving retail environment with significant growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $32,423,806

  6.5%

  $29,929,668

  7%

  $27,791,834

• Comparable approach

  Method

  Valuation

  Relative Method

  $22,527,738

  Geo Method

  $22,527,738

• Alternative Use

  Use

  Valuation

  Residential

  $25,246,794

  Hospitality

  $23,125,928

  Educational

  $19,240,500

  Medical

  $19,902,212

  Retail

  $29,929,668

Location Insight

City

Saint John

County

Lake

State

Indiana

Latitude

41.4406

Longitude

-87.4675

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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