Value-Add Investment - Highland, IN
8127 Kennedy Avenue
Highland, IN 46322
Highlights
- 100% Leased Value-Add Investment located in Highland, IN
- Well below market rental rates with an average less than $10 SF NN
- Strategically located on Kennedy Avenue just south of 80-94
- Strong mix of Medical and Retail use
- High historical occupancy rate with long tenured tenants
- Located 30 miles from downtown Chicago
Description
Homestead Plaza now available for sale in Highland, IN. The subject property is located directly on Kennedy Avenue, just south of 80-94 and less than 30 miles from downtown Chicago. It is located next to Plaza Lanes which has been a cornerstone of the community since 1960. The property contains 30,809 SF and provides an investor a great opportunity to purchase a 100% leased asset with a strong mix of medical and retail tenants.
The subject is anchored by Humane Indiana and a mix of local hospital systems. The asset offers a wide range of SF sizes to accommodate many different users. This property also provides an investor the opportunity to raise rents as they currently are well below market rates, sitting at an average of less than $10 SF NN right now.
Located on Kennedy Avenue just south of 80-94 in Highland, Indiana.
Highland is a town in Lake County, Indiana. The population was 23,727 at the 2010 census. The town was incorporated on April 4, 1910. It is a part of the Chicago metropolitan area and North Township, and is surrounded by Hammond to the north, Munster to the west, Schererville to the south and Griffith to the east.
