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Property profile & analytics
OFF-MARKET Estimated value $1,195,000
Retail space

8845 Kennedy Ave Highland, IN 46322-1908

10,080 SF 0.9 ac lot Built 2017
Entity Owned 14-yr Hold Absentee Owner Free & Clear
Property ID
US31-3237925
Property summary
AI-generated overview

This exceptional Class A office space, totaling 2,446 square feet, is ideally situated on Kennedy Avenue in Highland, Indiana, offering unparalleled visibility and accessibility. Located on the east side of Kennedy Avenue, just 0.2 miles south of downtown Highland and minutes from the I-80/94 interchange, this second-floor space provides convenient access for clients and employees. The building, constructed in 2016, boasts a total of 4,892 square feet across two stories, with one elevator serving both floors. The property includes 51 parking spaces, ensuring ample parking for tenants and visitors. This single-tenant space is located above Vyto's Pharmacy, benefiting from the established presence and foot traffic of a neighboring business. The building is zoned B-2 and sits on a 0.96-acre lot (APN: 45-07-21-453-031.000-026). This prime location within the thriving Highland community, part of the Chicago metropolitan area, presents a unique opportunity for businesses seeking a high-profile presence in a rapidly growing market. The property's modern design and amenities, combined with its strategic location, make it an attractive option for a variety of businesses, including medical offices and traditional office spaces. Aggressive lease rates are available for this Class A space.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2017
Construction WOOD
Total area 10,080 SF
Lot 0.9 ac (39,204 SF)
APN 45-07-21-453-031.000-026
UPID US31-3237925
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
$1.50M
Comparable Approach Comparable
$1.21M
Blend (final) Blend
$1.20M
Owner & transaction history
8835 Kennedy LLC · 14 yrs held
8835 Kennedy LLC
since 2012
7 recorded transactions
2023
Price N/A
2019
Price N/A
2018
Price N/A
2017
Price N/A
2017
Price N/A
2017
Price N/A
2017
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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