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Sibley Shoppes Sibley Shoppes Sibley Shoppes Sibley Shoppes Sibley Shoppes Sibley Shoppes Sibley Shoppes Sibley Shoppes Sibley Shoppes

Property Overview

Price/Rent PSF $ 1,590,000.00
Asset Type Retail
Trade Type Sale & Lease
SQ. FT. Available 10,010
Date Available 01/24/2019
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Description

Location
The Sibley Shoppes is located on an outlot of Strack & Van Til's in downtown Hammond, Indiana. The property is located 1/2 block from the Illinois/Indiana stateline and provides retailers with significant tax savings compared to Illinois. Hammond is part of the Chicago metropolitan area. The population was 80,830 at the 2010 census, and is the most populous city in Lake County, Indiana. The property is also just down the street from Franciscan St. Margaret Hospital which is an accredited chest pain center serving Northwest Indiana and the south suburbs of Chicago. Next to the building is also a brand new national Dialysis center.

Sale
Value-Add Investment Opportunity located within Downtown Hammond Opportunity Zone (Census Tract 18089020600). This is a Class A Retail/Office Space located on an outlot of Strack & Van Til's grocery store. This property is anchored by BMO Harris Bank who extended the lease early, a brand new Urgent Care, and a multi-location Tobacco Shop (that just renewed). The property is 1/2 mile to the new Hammond Gateway South Shore Train Station. This is the first Indiana stop and looks to be the largest South Shore Station to be developed in the new expansion of the system that connects Indiana to Chicago by train. The building is located within walking distance to Franciscan's St. Margaret's Hospital, so medical office space is an ideal fit for the remaining vacancy.

Lease
JOIN MIDWEST EXPRESS CLINIC (URGENT CARE) at this Class A Retail/Office Space located in downtown Hammond on outlot of Strack & Van Til's grocery store. This property is anchored by BMO Harris Bank and is ideal fit for retail or medical office. Because the space is office space already and the building is located within walking distance to Franciscan's St. Margaret's Hospital medical office space is an ideal fit. Landlord is willing to provide a tenant improvement allowance to qualified offers to convert to retail or help build out medical offices.

Location

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