8208 Kennedy Ave, Highland, IN 46322-1130
This 2,123-square-foot free-standing retail building, located at 8208 Kennedy Avenue in Highland, Indiana, presents a compelling investment opportunity. Situated on a 0.14-acre lot, this single-tenant property boasts high visibility and strong traffic counts due to its prime location directly on Kennedy Avenue, just south of the 80-94 interchange. Previously used as a salon, the building offers ample space for a variety of retail uses. A dedicated parking lot provides convenient customer access. The property's proximity to the 80-94 expressway ensures easy access to Chicago, benefiting both customers and employees. Built in 1968, the building is zoned B1 and is located in Lake County, within the town of Highland, which had a population of 23,727 as of the 2010 census. This property is available for both sale and lease, offering flexibility for potential buyers and tenants. The building's features include high visibility, strong traffic counts, and convenient access to major transportation routes. This is an exceptional opportunity to acquire a well-located retail space in a thriving community.
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
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.