List Search

2252-2274 Morthland Dr
Valparaiso, IN 46385

$4,210,000 USD

Storefront For Sale  •  89,952 SF

Property Details

  • Property Type Storefront
  • Total Building Size 24,862 SF
  • Lot Size 6.64 AC
  • Building Class C
  • Year Built 1978
  • Cap Rate 7.25 %
  • Tenancy Multiple
  • Zoning C-3
0 Transit Score
38 Walk Score

Highlights

Service oriented retail center shadow anchored by a Strack & Van Til Grocery Store (acquired by Hy-Vee in 2024), the dominant grocer in NW Indiana
This multi-tenant retail opportunity is available for purchase with the adjacent Strack & Van Til Grocery Store, also marketed by Marcus & Millichap
Optimal tenant mix with near term lease roll and below market rents
40% of the GLA is leased to Strack & Van Til (Hy-Vee), who is using the space as a commissary with a robust and integrated distribution hub
Offered at $169 per square foot with several paths to profit by achieving income growth
Positioned at a signalized intersection on US Highway 30 with visibility to 30,000 vehicles per day

Property Flyers

Cap Rate: 7.25 %

Amenities

  • Freeway Visibility
  • Pylon Sign
  • Signalized Intersection

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Mitchell Kiven 312-624-7006 Marcus & Millichap
Mitchell Kiven 312-624-7006 Marcus & Millichap