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Southlake Plaza 2885-2891 E 81st Ave 14,310 SF of Retail Space Available in Hobart, IN 46342
HIGHLIGHTS
- Positioned between PetSmart and Palermo’s Restaurant for optimal visibility
- Located directly on US Highway 30 with signage opportunities
- Serves a population of 80,000+ within 5 miles with strong household income
- Anchored by Home Depot with access to 4M SF of surrounding retail
- Adjacent to Southlake Mall, a 1.3M SF regional shopping center
- Zoned B-3 with flexible lease terms and negotiable rates
SPACE AVAILABILITY (1)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 14,310 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
Southlake Commons presents a prime leasing opportunity in one of Northwest Indiana’s most dynamic retail corridors. Located directly on US Highway 30 and adjacent to Southlake Mall, this center benefits from exceptional visibility, signage potential, and proximity to over 4 million square feet of surrounding retail. Anchored by Home Depot and flanked by national retailers such as PetSmart and Palermo’s Restaurant, the available space offers a strategic position within a high-traffic trade area. The last remaining unit—Suite 2891—offers 14,310 SF of contiguous retail space, ideal for tenants seeking strong co-tenancy and immediate access to a dense consumer base. Hobart’s retail landscape has expanded significantly through annexation, transforming the city into a regional shopping destination. The property’s location ensures exposure to a population of over 80,000 within a 5-mile radius, with average household incomes exceeding $70,000. Southlake Commons is zoned B-3 and sits on a 3.06-acre parcel developed in 1996. The lease structure is NNN, with terms and rates negotiable. This site is well-positioned for retailers looking to capitalize on the area's established foot traffic, regional draw, and robust demographics.
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT SOUTHLAKE PLAZA
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Hair to Beauty
- Salon/Barber/Spa
- 1
- Local
- PetSmart
- Pet Shop/Supplies
- 1,784
- International
- Sport & Collecti-Balls
- Sporting Goods
- 1
- Local
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Hair to Beauty | Salon/Barber/Spa | 1 | Local |
| PetSmart | Pet Shop/Supplies | 1,784 | International |
| Sport & Collecti-Balls | Sporting Goods | 1 | Local |
PROPERTY FACTS
| Total Space Available | 14,310 SF | Total Land Area | 4.75 AC |
| Property Type | Retail | Year Built | 1995 |
| Property Subtype | Freestanding | Parking Ratio | 7.16/1,000 SF |
| Gross Leasable Area | 45,000 SF |
| Total Space Available | 14,310 SF |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 45,000 SF |
| Total Land Area | 4.75 AC |
| Year Built | 1995 |
| Parking Ratio | 7.16/1,000 SF |
FEATURES AND AMENITIES
- Freeway Visibility
- Restaurant
- Signage
NEARBY MAJOR RETAILERS
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Southlake Plaza | 2885-2891 E 81st Ave
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