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Carson's 1995 Southlake Mall
143,123 SF 100% Leased Retail Building Merrillville, IN 46410 For Sale
Investment Highlights
- 1995 Southlake Mall offers a prime 144,123-square-foot enclosed retail building in a high-traffic area of northern Indiana.
- Strategically located at the intersection of US Highway 30 and Interstate 65, a primary commercial corridor with multiple entry points.
- Serves a community with $3 billion in total consumer spending within a 15-minute drive.
- Previously occupied by Carson's, featuring two floors of flexible space suitable for new ventures or redevelopment purposes.
- Benefits from ample on-site parking, excellent signage, and exposure to over 53,000 daily drivers and abundant mall foot traffic.
- For Sale or Lease by the owner.
Executive Summary
Ideally situated at the confluence of US Highway 30 and Interstate 65, the Southlake Mall is within a primary commercial corridor, easily accessible to area residents and visitors with multiple points of entry and several signalized intersections. 1995 Southlake Mall benefits from ample on-site parking and excellent signage with prominent visibility to over 53,000 daily drivers and abundant foot traffic from the mall. The Southlake Mall is centered in a thriving community that supports $3 billion of total consumer spending within a 15-minute drive of the site.
Sale Flyer
Property Facts
Amenities
- Enclosed Mall
About Indiana
Northwest Indiana is the second-most populous region in Indiana, with over 750,000 residents. With quick passenger rail access into the city of Chicago and picturesque views of Lake Michigan, many towns throughout Northwest Indiana serve as bedroom communities for the Midwest’s largest metropolitan area, drawing residents seeking a balance of higher incomes and lower living costs.
Northwest Indiana’s substantially lower property taxes and occupancy costs are another factor supporting the local economy. Meanwhile, the area’s lower sales tax consistently draws Illinois shoppers to the Indiana side of the border, where they can save 3% or more on purchases, which makes the area a real draw for retail investment.
Lower tax rates combined with a robust intermodal infrastructure, the area's demand from companies that specialize in distribution and manufacturing is heating up. Post-pandemic new players to the region include e-retailer giant Amazon occupies over 1.1 million square feet of distribution space, while agriculture equipment manufacturer John Deere built a 1.2 million-square-foot distribution center, creating up to 500 additional jobs.
Healthcare facilities employ the most individuals in Lake County, Indiana, at 35,000 with manufacturing jobs coming in with a close second at 34,000-plus jobs, followed by retail trade at approximately 26,000 jobs.
DEMOGRAPHICS
Demographics
Nearby Amenities
Restaurants |
|||
|---|---|---|---|
| Chick-Fil-A | - | - | 10 min walk |
| Uno Pizzeria & Grill | - | - | 10 min walk |
| Red Robin | - | - | 9 min walk |
| Buffalo Wild Wings | - | - | 10 min walk |
| Chili's Grill & Bar | - | - | 10 min walk |
| Starbucks | Cafe | £ | 10 min walk |
| TCBY | Bakery | - | 12 min walk |
| Taco Bell | Fast Food | - | 12 min walk |
| Cajun Boil & Bar | Creole | £££ | 12 min walk |
| Potbelly | - | - | 13 min walk |
Retail |
||
|---|---|---|
| AMC | Cinema | 7 min walk |
| CVS Pharmacy | Drug Store | 10 min walk |
| Target | Dept Store | 10 min walk |
| Jared The Galleria Of Jewelry | Jewellery/Watches | 11 min walk |
| Louie's Tux Shop | Formal Wear | 12 min walk |
| Sunglass Hut | MD/DDS | 12 min walk |
| T-Mobile | Wireless Communications | 12 min walk |
| Bath & Body Works | Health & Beauty Aids | 12 min walk |
| Books-A-Million | Books | 12 min walk |
| Carter's | Children Apparel | 12 min walk |
Hotels |
|
|---|---|
| Staybridge Suites |
81 rooms
6 min drive
|
| WoodSpring Suites |
123 rooms
5 min drive
|
| Holiday Inn Express |
96 rooms
6 min drive
|
| Home2 Suites by Hilton |
91 rooms
5 min drive
|
| Tru by Hilton |
101 rooms
5 min drive
|
| Hilton Garden Inn |
124 rooms
6 min drive
|
PROPERTY TAXES
| Parcel Number | 45-12-23-326-003.000-046 | Improvements Assessment | £896,062 |
| Land Assessment | £1,177,431 | Total Assessment | £2,073,493 |
PROPERTY TAXES
Sale Advisor
Sale Advisor
Christine Wei, Chief Commercial Officer
Presented by
Carson's | 1995 Southlake Mall
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