3835 45Th StHighland, IN 46322

Property Details for 3835 45Th St

Year built

1998

Construction

TYPE NOT SPECIFIED

Lot size

6.07 AC

Property size (Sq ft)

16,800 SF

Property type

Retail space

APN

45-07-27-476-003.000-026

APU

450727476003000026

Description

This exceptional 3.15-acre commercial land parcel presents a compelling investment opportunity in the thriving Highland, Indiana market. Located adjacent to a CVS Pharmacy on a busy thoroughfare, this property boasts excellent visibility and accessibility, making it ideal for a variety of retail or commercial ventures. Its strategic location within a densely populated area ensures high traffic volume and exposure to a substantial consumer base. The site's proximity to major retail centers like Highland Grove Shopping Center, along with community amenities such as the Highland-Griffith Chamber of Commerce and Wicker Memorial Park, further enhances its appeal. The convenient location, less than two miles from the intersection of I-94 and I-80, provides easy access to regional transportation networks. This property offers significant potential for investors seeking a strong return on investment in a vibrant and growing community. The site's size and location make it suitable for a range of commercial developments, capitalizing on the area's robust demographics and high visibility. This is a rare opportunity to acquire a well-positioned commercial land parcel in a desirable location with excellent potential for future growth. The property is situated in northwestern Indiana, approximately 30 miles from downtown Chicago, offering access to a large and diverse market.

• CAP approach

  CAP return

  Valuation

  6%

  $7,936,590

  6.5%

  $7,326,084

  7%

  $6,802,792

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,514,264

  Geo Method

  $5,514,264

• Alternative Use

  Use

  Valuation

  Residential

  $6,179,826

  Hospitality

  $5,660,687

  Educational

  $4,709,625

  Medical

  $4,871,596

  Retail

  $7,326,084

Location Insight

City

Highland

County

Lake

State

Indiana

Latitude

41.5381

Longitude

-87.4361

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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