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    For Sale (36)

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    Burns Harbor Zoned Land Parcel
    $89,000
    0.49 Acres

    Burns Harbor Zoned Land Parcel

    Half-acre lot zoned for multi-family, commercial, or single-family use.

    V/L Us Hwy 20, Burns Harbor, IN 46304
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    Prime Land in Burns Harbor
    $386,000
    1.90 Acres

    Prime Land in Burns Harbor

    2 acres zoned for mixed-use development in Burns Harbor, IN.

    1 Burns Blvd, Burns Harbor, IN 46304
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    Residential Land in Schererville, IN
    $130,000
    0.26 Acres

    Residential Land in Schererville, IN

    Vacant lot for building a dream home near Illinois border.

    2914 Bristlecone Dr, Schererville, IN 46375
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    Valparaiso Land Development Opportunity
    $485,000
    23.00 Acres

    Valparaiso Land Development Opportunity

    23 acres with utilities, ready for development in Valparaiso.

    672 Coventry Ct, Valparaiso, IN 46385
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    Prime Commercial Development Opportunity
    $350,000
    2.50 Acres

    Prime Commercial Development Opportunity

    2.5 acres with high visibility on Highway Route 6.

    3567 Scottsdale St, Portage, IN 46368
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    Gary, Indiana Multifamily Investment
    $129,000
    0.14 Acres

    Gary, Indiana Multifamily Investment

    Two-unit property with strong income potential in Gary, Indiana.

    3569 Maryland St, Gary, IN 46409
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    Prime Residential Lot Portage
    $35,000
    0.40 Acres

    Prime Residential Lot Portage

    0.39-acre residential lot in an established neighborhood.

    5029 Donna Ave, Portage, IN 46368
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    Residential Land in Established Neighborhood
    Contact for pricing
    0.22 Acres

    Residential Land in Established Neighborhood

    Land parcel for building a home with utilities available.

    4609 Sheffield Ave, Hammond, IN 46327
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    Valparaiso Triplex on Large Lot
    $599,000
    1.30 Acres

    Valparaiso Triplex on Large Lot

    Spacious triplex on 1.3 acres near downtown Valparaiso.

    1802 Evans Ave, Valparaiso, IN 46383
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    Residential Land in Crown Point
    $111,500
    0.34 Acres

    Residential Land in Crown Point

    Residential land for sale in Crown Point, Indiana.

    11059 Wynbrook Dr, Crown Point, IN 46307
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    Turnkey Restaurant with Liquor License
    $450,000
    3,250 SF

    Turnkey Restaurant with Liquor License

    Fully equipped, remodeled restaurant with 3-way liquor license for sale.

    3634 Central Ave, Lake Station, IN 46405
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    Valparaiso Wooded Land Near Route 30
    $85,000
    1.83 Acres

    Valparaiso Wooded Land Near Route 30

    Nearly 2 acres of wooded land close to Route 30.

    700 W Us Highway 30, Valparaiso, IN 46385
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    Dyer Commercial Building For Sale
    $749,900
    3,970 SF

    Dyer Commercial Building For Sale

    Turnkey restaurant/bar on 0.68 acres in Dyer, Indiana.

    1209 Sheffield Ave, Dyer, IN 46311
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    Residential Lot in Michigan City
    Contact for pricing
    0.11 Acres

    Residential Lot in Michigan City

    4,920 sq ft residential lot ready to develop.

    N Hayes Ave, Michigan City, IN 46360
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    Residential Lots in New Carlisle
    Contact for pricing
    0.09 Acres

    Residential Lots in New Carlisle

    Two residential lots totaling 4,000 sq ft for sale.

    E John Emery Rd, New Carlisle, IN 46552
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    Prime Commercial Land Opportunity
    $425,000
    1.21 Acres

    Prime Commercial Land Opportunity

    1.21-acre commercial parcel in Schererville, Indiana.

    8080 Us Highway 41, Schererville, IN 46375
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    La Porte Duplex Investment Opportunity
    $115,900
    0.27 Acres

    La Porte Duplex Investment Opportunity

    Well-maintained duplex in La Porte, Indiana with income potential.

    516 W 13Th St, La Porte, IN 46350
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    Prime 20-Acre Development Opportunity
    $675,000
    20.00 Acres

    Prime 20-Acre Development Opportunity

    Development-ready parcel with significant upside in a high-demand area.

    St Rd 149, Portage, IN 46368
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    Wooded Lot with River Frontage
    $49,900
    0.50 Acres

    Wooded Lot with River Frontage

    Wooded lot with river frontage, ideal for building a home.

    700 Van Buren Ave, Hobart, IN 46342
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    Remodeled Office Building in Downtown
    $169,000
    1,200 SF

    Remodeled Office Building in Downtown

    Turnkey office building in a revitalizing downtown district.

    1101 Indiana Ave, La Porte, IN 46350
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    Residential Land in Chesterton, IN
    $61,200
    0.20 Acres

    Residential Land in Chesterton, IN

    Residential lot in the Preserve Subdivision, Chesterton, Indiana.

    1032-Lot Preserve Ln, Chesterton, IN 46304
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    Prime Land with Highway Frontage
    $4,500,000
    18.51 Acres

    Prime Land with Highway Frontage

    Large land parcel with extensive highway frontage, development potential.

    Us Highway 30, Valparaiso, IN 46385
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    East Chicago Four-Unit Multifamily Property
    $460,000
    0.16 Acres

    East Chicago Four-Unit Multifamily Property

    Stabilized investment opportunity with updated units and reliable tenants.

    5001 Magoun Ave, East Chicago, IN 46312
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    Westville, IN Vacant Land
    $39,900
    0.22 Acres

    Westville, IN Vacant Land

    Landscaped vacant lot with wooded views in Westville, Indiana.

    S Rolling Meadows Dr, Westville, IN 46391
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    Westville, IN Vacant Land
    $39,900
    0.22 Acres

    Westville, IN Vacant Land

    Vacant lot with nature and wooded views in Westville, IN.

    S Rolling Meadows Dr, Westville, IN 46391
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    Valparaiso Land in Pepper Creek
    $247,500
    3.00 Acres

    Valparaiso Land in Pepper Creek

    Large lot in Pepper Creek neighborhood with city utilities.

    3375 Fall Mdws Cir, Valparaiso, IN 46385
    View details
    Griffith, Indiana Vacant Land
    $255,000
    6.72 Acres

    Griffith, Indiana Vacant Land

    6.715 acre vacant lot, ideal for building or subdividing.

    1716 S Broad St, Griffith, IN 46319
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    Residential Land in Valparaiso, IN
    $35,000
    0.76 Acres

    Residential Land in Valparaiso, IN

    Residential land lot to build your dream home in Valparaiso.

    Wildwood Ave, Valparaiso, IN 46383
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    Waterfront Lot in La Porte
    $199,900
    0.70 Acres

    Waterfront Lot in La Porte

    Prime lakefront real estate with utilities and lake access.

    161 W Mcclung Rd, La Porte, IN 46350
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    Residential Land in Valparaiso, IN
    Contact for pricing
    0.38 Acres

    Residential Land in Valparaiso, IN

    Desirable lot to build your dream home in Valparaiso.

    01 Wildwood Ave, Valparaiso, IN 46383
    View details
    Two-Unit Building: Investor Special
    $49,000
    0.09 Acres

    Two-Unit Building: Investor Special

    Two 3-bedroom units, full rehab needed, strong rental demand.

    1072 Van Buren St, Gary, IN 46402
    View details
    Sheffield Ave Restaurant/Bar for Sale
    $884,900
    3,970 SF

    Sheffield Ave Restaurant/Bar for Sale

    Turnkey Dyer, IN Restaurant & Bar

    1209 Sheffield Ave, Dyer, IN 46311
    View details
    East Garfield Park Income Property
    $1,230,000

    East Garfield Park Income Property

    Solid brick building with seven units in Chicago.

    3012 W Warren Blvd, Chicago, IL 60612
    View details
    Valparaiso Corner Building For Sale
    $429,900
    2,208 SF

    Valparaiso Corner Building For Sale

    2,208 SF corner building in downtown Valparaiso.

    801 Lincolnway, Valparaiso, IN 46383
    View details
    Dyer Commercial Building on Sheffield
    $769,900
    3,970 SF

    Dyer Commercial Building on Sheffield

    Versatile commercial building suitable for various business uses.

    1209 Sheffield Ave, Dyer, IN 46311
    View details
    Wooded Lot with River Frontage
    $49,900
    21,736 SF

    Wooded Lot with River Frontage

    Wooded lot with river frontage, ideal for building or recreation.

    700 Van Buren Ave, Hobart, IN 46342
    View details

    For Lease (2)

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    Remodeled Office in Historic District
    $1,400 / Mo
    1,200 SF

    Remodeled Office in Historic District

    Turnkey office space in revitalizing downtown La Porte, Indiana.

    1101 Indiana Ave, La Porte, IN 46350
    View details
    Dyer, IN Commercial Opportunity
    $8,270 / Mo
    3,970 SF

    Dyer, IN Commercial Opportunity

    Turnkey restaurant/bar or redevelopment opportunity on Sheffield Avenue.

    1209 Sheffield Ave, Dyer, IN 46311
    View details

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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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