2129-2171 US 41 - Storefront FOR SALE


Schererville, IN 46375
$3,988,000 USD
812-320-8483
2129-2171 US 41, Schererville, IN for Sale
$3,988,000 USD
Storefront - FOR SALE
1/5
null | 8.25% Cap Rate

2129-2171 US 41
Schererville, IN 46375


HIGHLIGHTS

  • Priced Well Below Replacement Cost at $141 Per Square Foot
  • Located in an Affluent Indiana Suburb of Chicago
  • Average Household Income Exceeds $123,000 Within a 3 - Mile Radius

OVERVIEW

Oakside Plaza is a 28,245-square-foot service-based neighborhood center that is 100% occupied and sits on a main retail artery (US Hwy 41) with 39,470 VPD, located in an affluent bedroom community 30 miles outside of Chicago. Value-add opportunities include the ability to increase rents from the current under-market average of $12.67/SF, convert approximately 17% of gross leases to NNN as staggered lease terms rollover, and offset taxable income with Down Syndrome Association annual donation to landlord. Tax savings are not underwritten, but see agents for details.

FOR SALE DETAILS

PRICE

$3,988,000 USD

PRICE/SF

$141 USD /SF

CAP RATE

8.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oakside Plaza

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1993

SPRINKLERS

-

PARKING SPACES

129

LAND DETAILS

LAND ACRES

3.67 AC

LAND SF

159,865 SF

ZONING

Commercial

APN/PARCEL ID

45-11-16-303-004.000-036

ASK ABOUT THIS PROPERTY

Damien YoderMarcus & MillichapMore Info
812-320-8483

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Damien YoderMarcus & MillichapMore Info
812-320-8483

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