Formers Carson Pirie Scott Department Store 1995 Southlake Mall

144,123 SF of Retail Space Available in Merrillville, IN 46410

Virtual Tour

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
  • 1st Floor
  • 144,123 SF
  • Negotiable
  • $3.60 /SF/YR
  • Triple Net (NNN)
Space Use
Retail
Availability
Now

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
Space Size Term Rental Rate Rent Type
1st Floor 144,123 SF Negotiable $3.60 /SF/YR Triple Net (NNN)

1st Floor

Size
144,123 SF
Term
Negotiable
Rental Rate
$3.60 /SF/YR
Rent Type
Triple Net (NNN)
Space Use
Retail
Availability
Now

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

PROPERTY FACTS FOR 1995 SOUTHLAKE MALL , MERRILLVILLE, IN 46410

Total Space Available 144,123 SF
Property Type Retail
Property Subtype Department Store
Gross Leasable Area 144,123 SF
Total Land Area 11.00 AC
Year Built 1976
Parking Ratio 6.59/1,000 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

MORE ATTACHMENTS

Check out the Brochure

DEMOGRAPHICS

Demographics

1 Mile 1 Mi. 3 Miles 3 Mi. 5 Miles 5 Mi.
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
1,558
24,044
92,561
252,708
2029 Population
1,552
24,069
93,003
254,766
2024-2029 Projected Population Growth
-0.4%
0.1%
0.5%
0.8%
Median Age
38.1
43.1
40.8
41.5
College Degree + Higher
31%
24%
24%
17%
Daytime Employees
10,834
30,254
53,785
110,241
Total Businesses
764
3,477
6,800
14,032
Average Household Income
$64,604
$79,287
$84,249
$89,273
Median Household Income
$63,090
$63,492
$69,572
$69,912
Total Consumer Spending
$17.7M
$282.1M
$1.1B
$3.1B
2024 Households
829
10,499
36,727
99,024
Average Home Value
$235,615
$205,056
$225,972
$252,723

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

(800) 338-6369
Contact
Christine Wei, Chief Commercial Officer
(800) 338-6369
Contact
Christine Wei is a Chief Commercial Officer at Cubework. Christine is an experienced professional with a demonstrated history of working in the Commercial Real Estate Industry and previously worked at Alliance Bankcard Services as a Senior Sales Executive.
  • Listing ID: 26746775

  • Date on Market: 12/4/2024

  • Last Updated:

  • Address: 1995 Southlake Mall, Merrillville, IN 46410