For Lease
$13/SF/YR

5124 Pne Is Dr Merrillville, IN 46307

High-traffic retail space, Route 30.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This exceptional 2,308 square-foot retail space is ideally situated in Pine Island Plaza, conveniently located at the intersection of Pine Island Drive and Route 30, a high-traffic area boasting over 42,000 cars daily. The property is a single-tenant space currently configured as a gym, featuring two bathrooms, an office, and a utility room. The space offers both front and back access for convenient loading and unloading. A prominent monument sign with a message board provides excellent advertising opportunities for tenants. The monthly rent of $3,173.17 is a net-net rate of $13.00 per square foot and includes common area maintenance (CAM), taxes, and insurance. The lease term is flexible, ranging from 3 to 5 years. This location benefits from its proximity to Crown Point and Schererville, ensuring high visibility and accessibility. For businesses seeking expansion, there's an opportunity to combine this unit with adjacent units E, G, and K, resulting in a total of 5,388 square feet of retail space. The presence of a Family Dollar as an anchor tenant further enhances the location's appeal and draws significant foot traffic. This property presents a fantastic opportunity for a variety of retail businesses seeking a prime location with high visibility and convenient access.

Highlights

  • 2,308 sq. ft. single-tenant retail space in Pine Island Plaza.
  • Located at a signalized intersection of Pine Island Drive and Route 30, with over 42,000 cars daily.
  • $13.00/sq. ft. NNN, with a monthly rent of $3,173.17 (includes CAM, taxes, and insurance).
  • 3-5 year lease term available.
  • Currently configured as a gym with two bathrooms, an office, and a utility room; adjacent units available for expansion (totaling 5,388 sq. ft.).
  • Features front and rear access and a monument sign with a message board.

Property Details for 5124 Pne Is Dr

Property type
Retail properties
RSF (Rentable sq. ft)
2,308 SF

Unit(s) available at that property

Space
Size
2,308 SF
Rate per SF
$13

Location Insight

City
Merrillville
County
Lake
State
Indiana
Latitude
41.473197574917
Longitude
-87.39638555197

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FAQs

What type of property is this?
Retail property - High-traffic retail space, Route 30.
Where is the retail property located?
The property is located at 5124 Pne Is Dr Merrillville, IN.
What is the lease rate?
The lease rate is $13/SF/YR.
What are key features of this property?
This property features: 2,308 sq. ft. single-tenant retail space in Pine Island Plaza.; Located at a signalized intersection of Pine Island Drive and Route 30, with over 42,000 cars daily.; $13.00/sq. ft. NNN, with a monthly rent of $3,173.17 (includes CAM, taxes, and insurance).
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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Property Records

Contacts

Josh Austgen
Josh Austgen

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Pne Is Dr
Merrillville, IN 46307

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We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

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5124 Pne Is Dr
  • Josh Austgen
    Josh Austgen
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