381 Indian Boundary Rd Chesterton, IN 46304-1510
This exceptional 2,584 square foot freestanding retail building in Chesterton, Indiana, presents a rare investment opportunity. Located at 381 Indian Boundary Rd, 46304, this single-tenant property sits on a 0.66-acre lot and boasts 28 parking spaces. Currently vacant, this building offers a unique advantage: it includes a drive-thru, a feature highly sought after in this market, and represents the first drive-thru vacancy in over seven years. The high barrier to entry in this dynamic trade area, combined with the building's full access and high visibility from Indian Boundary Road, makes this a truly exceptional offering. The property benefits from its location in a high-traffic area surrounded by national retailers and restaurants. Furthermore, its proximity to I-94, with daily traffic counts exceeding 55,000 vehicles, and the availability of INDOT signage, ensures maximum exposure and accessibility. This is an unparalleled chance to secure a prime retail location in a thriving market. The property is zoned for restaurant use.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.