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Formers Carson Pirie Scott Department Store 1995 Southlake Mall
143,123 SF of Retail Space Available in Merrillville, IN 46410
Sublease Highlights
- 1995 Southlake Mall offers a prime 144,123-square-foot enclosed retail building in a high-traffic area of northern Indiana.
- 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.
- Previously occupied by Carson's, featuring two floors of flexible space suitable for new ventures or redevelopment purposes.
- Strategically located at the intersection of US Highway 30 and Interstate 65, a primary commercial corridor with multiple entry points.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 143,123 SF | Negotiable | $3.60 /SF/YR $0.30 /SF/MO $515,243 /YR $42,937 /MO | Triple Net (NNN) |
1st Floor
144,123 SF available of a Former Carson Pirie Big Box store. 2 floors in excellent condition, attached to Southlake Mall. Multiple points of entry with signage rights and plenty of parking. It's the perfect redevelopment opportunity with great demographics! Up to 53,000 VPD
- Sublease space available from current tenant
- Lease rate does not include utilities, property expenses or building services
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.
SITE PLAN
PROPERTY FACTS FOR 1995 Southlake Mall , Merrillville, IN 46410
| Property Type | Retail | Total Land Area | 11.00 AC |
| Property Subtype | Department Store | Year Built | 1976 |
| Gross Leasable Area | 143,123 SF | Parking Ratio | 6.64/1,000 SF |
| Property Type | Retail |
| Property Subtype | Department Store |
| Gross Leasable Area | 143,123 SF |
| Total Land Area | 11.00 AC |
| Year Built | 1976 |
| Parking Ratio | 6.64/1,000 SF |
About the Property
1995 Southlake Mall offers the opportunity to occupy or acquire an open-air enclosed retail building in a high-traffic, northern Indiana location. Formerly occupied by a Carson Pirie big box store, this 144,123-square-foot anchor property provides two floors of flexible space, ready for its next venture or a prime redevelopment opportunity attached to the Southlake Mall. The property features high ceiling heights, interior docking with two full bays, two elevators (one service and one passenger), and two escalators (one up and one down). 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.
- Enclosed Mall
Marketing Brochure
DEMOGRAPHICS
Demographics
About Indiana
With quick passenger rail access into the city of Chicago through Amtrak and South Shore Commuter lines and amazing Lake Michigan vistas from its Indiana Dunes, Northwest Indiana draws in approximately 850,000 residents to its bedroom communities with below-average property taxes throughout the region. In fact, the area’s lower sales tax consistently brings Illinois shoppers to the Indiana side of the border, too, where they can save 3% or more on purchases from their home state. All these trends support the region’s over $35 billion economy.
Yet plenty of people stay in the region for their employment opportunities, too. Over 35,000 people work in healthcare and social assistance, 34,000 in manufacturing, each with a median income of over $100,000. Though industrial space occupiers dominate the region, office space occupancy is strong, too, with 2.6 million square feet dedicated to medical office space, almost 1 million square feet, and over 600,000 square feet dedicated to those who work in the utilities, finance, insurance, and real estate industries.
In fact, Northwest Indiana's office and retail vacancy and availability rates are at or near record lows as these space occupiers take full advantage of its strong underlying demand drivers.
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 |
| Sunglass Hut | Other Retail | 12 min walk |
| T-Mobile | Wireless Communications | 12 min walk |
| Bath & Body Works | Health & Beauty Aids | 12 min walk |
| Journeys | Shoes | 12 min walk |
| BoxLunch | Unisex Apparel | 12 min walk |
| Dry Goods | Ladies' Apparel | 12 min walk |
| Books-A-Million | Books | 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
|
Leasing Agent
Leasing Agent
Christine Wei, Chief Commercial Officer
Presented by
Formers Carson Pirie Scott Department Store | 1995 Southlake Mall
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