For Auction

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

8635 North 300 West,
Lake Village, IN 46349

Asset Snapshot

Land
Property Type
69
Parking Spots
5,653
Vehicles Per Day
3.33 Acres
Land Area

Investment 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!

Offering Summary

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.

Due Diligence

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.

Transaction Managers

Platform Fee

Buyer pays a minimum platform fee of 5% or $20,000 at closing.

How it Works

Learn about bidding, reserve prices, and closing.

Read the auction guide

Auctioneer

Bryan P. Jackson
c/o Fisher Auction Company Inc.
License: AU09100175

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Auction Opens In
46d 2h 10m 12s
$1
Starting Bid
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Bidding Opens
Bidding Closes

Investment Sales Brokers

Julia Evinger
Marcus & Millichap
IN License: RB14040143

Disclaimers

The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.