REIT Sale | 3.3 Acre Development Site | Chicago MSA | Former Family Dollar

Highlights:

• ±3.33-Acre Commercial Development Site: Former Family Dollar has been demolished, leaving the slab and foundation in place for reuse.
• Existing Site Infrastructure Reduces Cost: 69 parking spaces, utilities, pylon sign, and two access points support efficient redevelopment.
• Strategic Access via US-41 and I-65: ±5 miles from Illinois and ±90 minutes from Chicago, extending reach to major Midwest markets.
• Flexible B-2 General Business Zoning: Permitted framework allows retail, service, restaurant, office, and other concepts with approvals.
• Established Five-Mile Consumer Base: Strong demographics with average household income exceeding approximately $90,000.
• Absolute $1 Auction: First Bid Meets Reserve!

Description:

For more information visit:
https://rimarketplace.com/auction/3446/land/lake-village/in?utm_source=brevitas&utm_medium=listing_paid&utm_campaign=november18_2026&utm_content=land_3446

Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 8635 N 300 W in Lake Village, Indiana is a ±3.327-acre vacant commercial development site positioned for redevelopment, owner-user construction, or long-term investment. The former ±9,320-square-foot Family Dollar building was demolished following tornado damage in March 2026, while the existing slab and foundation remain in place and may support a similar-footprint redevelopment, subject to buyer verification and applicable approvals. The Property also retains 69 surface parking spaces, two access points, on-site utilities, pylon signage, and substantial frontage, including approximately 643 feet along C.R. 866 North. The site benefits from visibility from US Highway 41, which carries ±5,653 VPD, and is approximately 15 minutes from I-65 and five miles from the Indiana/Illinois state line. Zoned B-2, General Business District, the Property supports a range of commercial concepts, subject to applicable requirements. Located within the broader Chicago market area, the site is approximately 90 minutes from Chicago, two hours from Indianapolis, and 2.5 hours from Milwaukee. Within five miles, the surrounding trade area includes more than 3,800 residents with average household income exceeding $90,000.

Location
Lake Village is a Northwest Indiana community in Newton County near the Illinois state line and within the broader Chicago market area. US-41 provides direct regional connectivity, while I-65 is approximately 15 minutes away. The location offers access to Chicago, Indianapolis, and Milwaukee while serving nearby agricultural, manufacturing, logistics, and service-based communities.


Bidding Opens
Nov 17 1:00 AM
Bidding Closes
Nov 19 1:00 AM

Documents: