1402 Indianapolis Blvd Whiting, IN 46394-1133
- Parking lots & garages
- 0.38 lot acres
Current Use by Public Records
- Purple Steer Restaurant / Breakfast Restaurant / Family Restaurant
Property Details for 1402 Indianapolis Blvd
- Year built
- 1978
- Lot size
- 0.38 lot acres
- Property type
- Parking lots & garages
- APN
- 45-03-06-304-001.000-023
- APU
- 450306304001000023
Description
This exceptional 3,000-square-foot retail or restaurant space is available for lease at 1402 Indianapolis Blvd in Whiting, Indiana. Located in Lake County, this single-tenant property sits on a sizable 0.45-acre lot, offering ample space and visibility. The entire building is currently vacant, presenting a unique opportunity for a business to establish a strong presence in a thriving community. The property's classification as both retail and restaurant suitable makes it ideal for a wide range of commercial ventures. Its convenient location on Indianapolis Boulevard ensures high traffic and excellent exposure to potential customers. The building's 3,000 square feet provides ample room for a variety of layouts and designs, allowing for customization to meet specific business needs. This is a fantastic opportunity for a business seeking a prominent location with significant square footage in a desirable area of Indiana. The property's single-tenant occupancy ensures exclusive use and control of the space. Interested parties are encouraged to inquire for lease terms and conditions. The property's address is 1402 Indianapolis Blvd, Whiting, IN 46394. The property is conveniently located in Lake County, Indiana. This is a rare opportunity to secure a substantial commercial space in a prime location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $250,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $345,000
- 6.5%
- $300,000
- 7%
- $320,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $330,000
- Geo Method
- $320,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $285,000
- Retail
- $345,000
- Mixed-Use
- $295,000
- Hospitality
- $375,000
- Educational
- $385,000
- Residential Income
- $345,000
- Energy
- $330,000
- Income-Based Land
- $360,000
- Food Service
- $380,000
Location Insight
- Map
- Local Demand
- City
- Whiting
- County
- Lake
- State
- Indiana
- Longitude
- -87.5082
- Latitude
- 41.6873
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA