1402 Indianapolis BlvdWhiting, IN 46394

Property Details for 1402 Indianapolis Blvd

Year built

1978

Lot size

0.38 AC

Property type

Parking lots & garages

APN

45-03-06-304-001.000-023

APU

450306304001000023

Description

This exceptional 3,000-square-foot retail or restaurant space is available for lease at 1402 Indianapolis Blvd in Whiting, Indiana. Located in Lake County, this single-tenant property sits on a sizable 0.45-acre lot, offering ample space and visibility. The entire building is currently vacant, presenting a unique opportunity for a business to establish a strong presence in a thriving community. The property's classification as both retail and restaurant suitable makes it ideal for a wide range of commercial ventures. Its convenient location on Indianapolis Boulevard ensures high traffic and excellent exposure to potential customers. The building's 3,000 square feet provides ample room for a variety of layouts and designs, allowing for customization to meet specific business needs. This is a fantastic opportunity for a business seeking a prominent location with significant square footage in a desirable area of Indiana. The property's single-tenant occupancy ensures exclusive use and control of the space. Interested parties are encouraged to inquire for lease terms and conditions. The property's address is 1402 Indianapolis Blvd, Whiting, IN 46394. The property is conveniently located in Lake County, Indiana. This is a rare opportunity to secure a substantial commercial space in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $7,819,904

  6.5%

  $7,218,372

  7%

  $6,702,774

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,433,191

  Geo Method

  $5,433,191

• Alternative Use

  Use

  Valuation

  Residential

  $6,088,968

  Hospitality

  $5,577,462

  Educational

  $4,640,382

  Medical

  $4,799,972

  Retail

  $7,218,372

Location Insight

City

Whiting

County

Lake

State

Indiana

Latitude

41.6873

Longitude

-87.5082

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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