Property profile

3835 45th St Highland, IN 46322

OFF-MARKET
Retail space
Property ID
US31-1199182
16,800 SF 6.07 ac lot Built 1998
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1998
Construction TYPE NOT SPECIFIED
Total area 16,800 SF
Lot 6.07 ac (264,322 SF)
APN 45-07-27-476-003.000-026
UPID US31-1199182

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store
  • Cosmetic Store
  • Atm
  • Pharmacy
  • Courier Service Postal Service

Location

3835 45th St Highland, IN 46322-3009
Highland metro Census 40801 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.49M
Comparable Approach Comparable
$2.01M
Blend (final) Blend
$1.99M

Owner & transaction history

since 2021
3 recorded transactions
2021
Price N/A
2007
Price N/A
2006
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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