201 Pine Lake Ave La Porte, IN 46350
Property profile & analytics
201 Pine Lake Ave, La Porte, IN 46350
- Grocery and convenience stores
- 3,828 SF
- 0.59 lot acres
Property ID
US31-1385521
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Exxon / Gas Station
- 7-Eleven / Grocery & Convenience Store
Property Details for 201 Pine Lake Ave
- Year built
- 2021
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.59 lot acres
- Property type
- Grocery and convenience stores
- APN
- 46-06-35-109-040.000-043
- APU
- 460635109040000043
Description
Exceptional investment opportunity featuring a 3,991 square foot 7-Eleven convenience store and gas station located at 201 Pine Lake Ave, La Porte, IN 46350. This property boasts a brand new, 15-year absolute NNN lease with 11.4 years remaining, commencing May 1, 2021, and expiring May 1, 2036. The lease includes three 5-year renewal options with a 7.5% rent increase every five years during the primary term and options. The property sits on a 0.79-acre lot and benefits from a strong 5.00% cap rate and a substantial net operating income (NOI) of $261,025. Built in 2021, the property enjoys 100% occupancy with a corporate guarantee from 7-Eleven, the world's largest chain store operator. Its strategic location directly off Highway 35 (28,805+ vehicles per day) provides excellent visibility and accessibility. The area also benefits from proximity to Northwest Health – La Porte (5 miles) and Purdue University Northwest (12 miles). La Porte's location, 10 miles from Michigan City, 25 miles from South Bend, and 50 miles from Chicago, further enhances its appeal. The property's price per square foot is $1,308.07, and the asking price is $5,220,500. This is a rare opportunity to acquire a high-performing, low-risk investment with a blue-chip tenant in a desirable location. The La Porte MSA boasts a population exceeding 9.57 million.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- La Porte
- County
- Laporte
- State
- Indiana
- Longitude
- -86.7321
- Latitude
- 41.6166
- CBSA code
- 33140
- CBSA name
- MICHIGAN CITY-LA PORTE, IN METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$19,804
$268,600
$388,300
$656,900
-
$268,600
$388,300
$656,900
