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2910 Highway Ave 8,280 SF 100% Leased Retail Building Highland, IN 46322 $850,000 ($102.66/SF) 8.33% Cap Rate
INVESTMENT HIGHLIGHTS
- - 6-Unit Investment Property
- - Located in Downtown Highland
- - Mixed-Use (4-Apartments & 2-Commerical Units)
EXECUTIVE SUMMARY
RARE opportunity to own a Mixed-Use Investment property with 2 Commercial Tenants and (4) 2-bed, 1-bath apartments. This cash flows! Located in beautiful Downtown Highland, the property is a 2-story building with 4 apartments in the 2nd floor and 2 commercial units on the main floor. 3 Apartments have been updated in the past 4-years. On-Site Parking!
Located in Downtown Highland, this property is 1-block from Ridge Rd & Kennedy Ave. and 1-mile south of Interstate-94. Just 31-miles to Downtown Chicago. The property sits across the Highland Fire Station and is surrounded by local restaurants, office and residential homes.
Located in Downtown Highland, this property is 1-block from Ridge Rd & Kennedy Ave. and 1-mile south of Interstate-94. Just 31-miles to Downtown Chicago. The property sits across the Highland Fire Station and is surrounded by local restaurants, office and residential homes.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,280 SF
Building Class
C
Year Built
1963
Price
$850,000
Price Per SF
$102.66
Cap Rate
8.33%
NOI
$70,779
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.50
Lot Size
0.38 AC
Frontage
130’ on HIGHWAY AVE
AMENITIES
- 24 Hour Access
- Security System
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
- Smoke Detector
Walk Score®
Very Walkable (84)
Bike Score®
Very Bikeable (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 45-07-21-452-004.000-026 | Total Assessment | $313,200 (2024) |
| Land Assessment | $78,500 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $234,700 (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
45-07-21-452-004.000-026
Land Assessment
$78,500 (2024)
Improvements Assessment
$234,700 (2024)
Total Assessment
$313,200 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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2910 Highway Ave
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