3835 45th St Highland, IN 46322-3009
Property profile & analytics
3835 45th St Highland, IN 46322-3009
- Retail space
- 16,800 SF
- 6.07 lot acres
Property ID
US31-1199182
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
- Retail space
Property Details for 3835 45th St
- Year built
- 1998
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 6.07 lot acres
- Property size
- 16,800 SF
- Property type
- Retail space
- APN
- 45-07-27-476-003.000-026
- APU
- 450727476003000026
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,700,000
- 6.5%
- $2,490,000
- 7%
- $2,315,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,013,000
- AI Estimate
- $1,468,000
Market price range: $609k - $2.01MMarket price range: $679k - $1.47M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,275,000 Current use
- WAREHOUSE, STORAGE
- $1,255,000 Change: -2% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Highland
- County
- Lake
- State
- Indiana
- Longitude
- -87.4361
- Latitude
- 41.5381
- 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
$67,618
$1,501,800
$1,112,000
$2,613,800
-
$1,501,800
$1,112,000
$2,613,800
