1995 Southlake Mall - Department Store FOR SALE


Merrillville, IN 46410
$3,500,000 USD
888-989-0084
1995 Southlake Mall, Merrillville, IN for Sale
$3,500,000 USD
Department Store - FOR SALE
1/21
null | Request Cap Rate

1995 Southlake Mall
Merrillville, IN 46410


HIGHLIGHTS

  • Prime 144,123-SF big-box retail building in a bustling corridor along a major thoroughfare with 58,967 VPD with ample parking in Merrillville, IN.
  • Favorably situated former Carson’s department store with a sought-after two-story open floor plan suitable for new ventures or revitalization.
  • Encircled by a flourishing community with an annual spending power of $4.1 billion within a 10-mile radius and an impressive average household income.
  • 11 Acres
  • 6.59 parking ratio per 1,000 SF
  • Southlake Mall – 3-Star Super Regional Mall & Hobart/Merrillville retail trade area

OVERVIEW

Redevelopment Opportunity | 144,123 SF on 11 Acres | Merrillville, IN (Hobart) Prime repositioning opportunity in Northwest Indiana. Former Carson Pirie department store anchor totaling 144,123 SF on 11 acres within Southlake Mall. Two-story masonry building with 17-22' ceilings, dock loading, freight elevator, and ample parking (950+ spaces). 35 miles from Chicago with direct access to I-65 and US-30. Strong fundamentals for adaptive reuse: retail, fulfillment, showroom, entertainment, or mixed-use. Priced to sell at $3,500,000.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$24 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Southlake Mall | Former Carson Pirie Box

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Department Store

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1976

SPRINKLERS

-

PARKING SPACES

950

LAND DETAILS

LAND ACRES

11 AC

LAND SF

479,160 SF

ZONING

Parcel 1-PUD; Parcel 2-R4

APN/PARCEL ID

45-12-23-326-003.000-046

ASK ABOUT THIS PROPERTY

Christine WeiCubeworkMore Info
888-989-0084

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Christine WeiCubeworkMore Info
888-989-0084

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.