4831-4941 E 81st Ave - Storefront FOR SALE
Merrillville, IN 46410 |
4831-4941 E 81st Ave
Merrillville, IN 46410
HIGHLIGHTS
- Offering Includes Two Multi-Tenant Retail Centers | 59,800+/- Square Feet | Positioned on about 13+ Acres | 94% Occupied | Historical Occupancy
- Ideal Tenant Mix | 37% National Tenants including Anytime Fitness, Miracle-Ear, Midwest Express Clinic, Farmers Insurance & Mariner’s Finance
- 12 New Lease Extensions Signed in October/November 2022 | Clear Illustration of Tenants Success & Commitment to this Center
- Almost Zero Near-Term Lease Rollover | 81.94% of the GLA is Leased until at least 2024 | 31.10% of the GLA is Leased until at least 2027
- Dense Retail Corridor Home to Sam’s Club, Walmart, Target, Home Depot, Dick’s Sporting Goods & Best Buy | Direct Exposure to more than 53,000 VPD
- 4.7 Miles from 190,000 Square Foot Amazon Facility | 12 Miles from Valparaiso, IN & the University of Valparaiso | 44 Miles from Chicago
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
South Lake Retail Center
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
TOTAL BUILDING SIZE
18000
STORIES
1
YEAR BUILT
2004
SPRINKLERS
-
PARKING SPACES
78
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
45-13-19-301-001.000-046
