Property profile

9222 Indianapolis Blvd Highland, IN 46322

OFF-MARKET
Strip malls
Property ID
US31-0481596
7,200 SF 0.88 ac lot Built 1987
Entity Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

Boulevard Plaza offers 7,200 square feet of office space in two single-story buildings, constructed in 1998 and situated at 9222 Indianapolis Blvd, Highland, IN 46322. Currently, 1,605 square feet are available for lease, with individual suites ranging from 200 to 1,605 square feet. The property is classified as Class B and features a convenient location in a high-traffic strip center anchored by Dunkin' Donuts and other businesses, ensuring high visibility and accessibility. Ample parking is provided for tenants and their guests. The property is located in Lake County, within the Chicago metropolitan area, offering easy access to major transportation routes. The Net, Net, Net (NNN) expenses are currently estimated at $4.50 per square foot. This turnkey office space is ideal for businesses seeking a well-maintained, conveniently located office in a thriving community. The property's address is within the 45-07-29-279-033.000-026 Assessor's Parcel Number (APN). Multiple tenancy is available.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1987
Construction WOOD
Total area 7,200 SF
Lot 0.88 ac (38,115 SF)
APN 45-07-29-279-033.000-026
UPID US31-0481596

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
  • Medical Clinic
  • Vocational School Training Center
  • Home Health Care Service
  • Pharmacy
  • Medical Clinic

Location

9222 Indianapolis Blvd Highland, IN 46322-2557
Highland metro Census 40501 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$285k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$225k

Owner & transaction history

since 2019
3 recorded transactions
2024
Price N/A
2023
Price N/A
2019
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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