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PORTE DE L'EAU PLAZA

$13,259,000 | 9.00%

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2000 – 2046 45th Street
Highland, Indiana 46322

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Under Contract

Features

  • Extremely Stable Shopping Center
    • Property has Enjoyed an Average Historical Occupancy of Approximately 93 Percent
    •  Leased to a Wide Range of Service, Food, Fitness, Medical and Professional Tenants
    • All Small Shop Space with Suites Ranging from 5,905 – 750 Square Feet
    • Property Maintained Occupancy of Greater than 90 Percent Throughout COVID-19 Pandemic
    • Managed and Owned by the Original Developer for Over 36 Years
  • Strong Real Estate Fundamentals
    • Surrounded by High Density Residential Developments Providing Steady Customer Base
    • Abundant Parking with Approximately 485 Surface Parking Spaces
    • High Visibility Site that Features Over 1,230 Feet of Frontage Along West 45th Street
    • 14 Points of Full Ingress/Egress to the Property
    • Large 8.77-Acre Lot which Offers a Multitude of Residual Use Options
  • Business-Friendly State While Simultaneously Located in the Chicago MSA
    • Forbes Ranks Indiana as Fifth in the U.S. in Terms of Regulatory Environment
    • Indiana is the Largest Manufacturing State in the Country
    • Indiana is the Fifth Best State for Business in the U.S.
    • Tax Foundation Ranks Indiana as Second in the U.S. for Low Property Taxes
    • Property is Located Just a Few Miles Directly South of Interstate 90/94 (Access to Chicago)
  • Attractive Demographics and Retailers Surrounding the Property
    • Population Within a Three-Mile Radius Exceeds 72,400 People
    • Average Household Income of $108,236 Within a One-Mile Radius
    • Major Retailers Nearby Include Target, CVS Pharmacy, Meijer Supermarket, Best Buy

Contact

ADRIAN MENDOZA
First Vice President Investments
Tel: (630) 570-2163
Adrian.Mendoza@marcusmillichap.com
* Broker of Record: Steven Weinstock

* Broker of Record: Josh Caruana | Lic. # RB14034355

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