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    Property profile & analytics
    OFF-MARKET Estimated value $1,990,000
    Retail space

    3835 45th St, Highland, IN 46322-3009

    16,800 SF 6.07 ac lot Built 1998
    Entity Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US31-1199182
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    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
    Allerand Fs Highland LLC · 5 yrs held
    Allerand Fs Highland LLC
    since 2021
    3 recorded transactions
    2021
    2007
    2006
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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