3835 45th St, Highland, IN 46322-3009
This exceptional 3.15-acre commercial land parcel presents a compelling investment opportunity in the thriving Highland, Indiana market. Located adjacent to a CVS Pharmacy on a busy thoroughfare, this property boasts excellent visibility and accessibility, making it ideal for a variety of retail or commercial ventures. Its strategic location within a densely populated area ensures high traffic volume and exposure to a substantial consumer base. The site's proximity to major retail centers like Highland Grove Shopping Center, along with community amenities such as the Highland-Griffith Chamber of Commerce and Wicker Memorial Park, further enhances its appeal. The convenient location, less than two miles from the intersection of I-94 and I-80, provides easy access to regional transportation networks. This property offers significant potential for investors seeking a strong return on investment in a vibrant and growing community. The site's size and location make it suitable for a range of commercial developments, capitalizing on the area's robust demographics and high visibility. This is a rare opportunity to acquire a well-positioned commercial land parcel in a desirable location with excellent potential for future growth. The property is situated in northwestern Indiana, approximately 30 miles from downtown Chicago, offering access to a large and diverse market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.