2070 Indianapolis Blvd Whiting, IN 46394-1949
Property Lookup
Property profile & analytics
2070 Indianapolis Blvd Whiting, IN 46394-1949
- Retail space
- 1,298 SF
- 0.13 lot acres
Property ID
US31-0874012
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
- Little Caesars Pizza / Restaurant
Property Details for 2070 Indianapolis Blvd
- Year built
- 1982
- Construction
- WOOD
- Lot size
- 0.13 lot acres
- Property size
- 1,298 SF
- Property type
- Retail space
- APN
- 45-03-07-255-029.000-025
- APU
- 450307255029000025
Description
This exceptional investment opportunity presents a portfolio of three Little Caesars franchise locations situated in high-traffic areas across Lake County, Indiana. The portfolio includes properties in Whiting (2070 Indianapolis Blvd, 46394), Hammond (6233 Hohman Ave, 46324), and Merrillville (6841 Broadway, 46410). Each location benefits from an absolute NNN lease structure, eliminating landlord responsibilities. The current lease term has five years remaining, secured by Little Caesars corporate, with a guaranteed 2% annual rent increase. The portfolio boasts a combined square footage ranging from 1,000 to 7,000 square feet and currently enjoys 100% occupancy. With a strong net operating income (NOI) of $97,143 and a compelling 5.85% cap rate, this portfolio offers a stable and attractive return on investment. The properties are available for sale as a complete portfolio or individually, providing flexibility for potential buyers. Little Caesars, the third-largest pizza chain in the United States, operates over 5,463 locations globally, demonstrating the brand's strength and market presence. This is a rare opportunity to acquire a well-established, passively managed income stream with a nationally recognized brand. The long-term commitment from Little Caesars, exceeding 24 years at each location, ensures a secure and predictable cash flow for years to come.
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
- Whiting
- County
- Lake
- State
- Indiana
- Longitude
- -87.4958
- Latitude
- 41.6759
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI 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
2022
$5,898
$85,500
$122,300
$207,800
-
$85,500
$122,300
$207,800
