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2109 Southlake Mall
Merrillville, IN 46410
Former Sears at Southlake Mall · Retail Property For Sale
Investment Highlights
- The vacant Sears box is in a robust retail node, with over 1.6 million square feet of commercial retail space anchored by Southlake Mall
- The vacant Sears box at Southlake Mall is conveniently located next to interstate-65 (103,256) and Route 30 (61,754 VPD)
- The vacant Sears box is being offered free and clear of existing debt obligations.
- At 98% occupied and with over 90 tenants, the mall serves as a model destination for consumers, and retailers in the area.
- Flexible Zoning Ordinance and REA
- National retailers in the immediate area are H&M, Target, Home Depot, Walmart, PetSmart, JoAnn, Lowe’s Improvement, Costco, H&M, and Ashley Homestore.
Executive Summary
The vacant Sears box is in a robust retail node, with over 1.6 million square feet of commercial retail space anchored by Southlake Mall, an 811,835 square feet regional shopping mall with two department stores open and operating: JCPenney, Kohl’s. At 98% occupied and with over 90 tenants, the mall serves as a model destination for consumers, and retailers in the area. With over 6.5M visits in the past 12 months, the mall continues to obtain high volumes of shoppers, drawing the attention of many retailers in the area.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
210,404 SF
Building Class
B
Year Built
2000
Tenancy
Single
Building Height
2 Stories
Building FAR
0.28
Lot Size
17.50 AC
Zoning
PUD - Planned Development
Parking
1,264 Spaces (6.01 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 45-12-23-326-004.000-046 | Improvements Assessment | $4,312,700 |
| Land Assessment | $1,988,200 | Total Assessment | $6,300,900 |
Property Taxes
Parcel Number
45-12-23-326-004.000-046
Land Assessment
$1,988,200
Improvements Assessment
$4,312,700
Total Assessment
$6,300,900
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