Multi-Tenant Retail Building with
2 W Dunes Highway Beverly Shores, IN 46360
For Sale
$1,250,000
SINGLE_FAMILY - Beverly Shores, IN
Property Size3,677 SF
Lot Size0.28 Acres
Price / SF$339.95
Days on Market73
Property Features for 2 W Dunes Highway
General Information
Property type
Residential
Property subtype
Retail
Parking
20
Standard status
Active
APN
640410302012000011
Size
3,677 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
F BARTLETTS BEV SHORES UNIT F LOT 1 BLK 105
Tax Annual Amount
2100
Utilities
Sewer type
Septic Tank
Heating system
Natural Gas
Water source
Well
Building Details
Year built
1952
Listing Agency:
Weichert Realtors, Merrion Gro
(219) 872-4000
Listed By:
Jane Cooley · License #RB14015563
(219) 873-4487
Added: May 19
Changed: Jul 21
Last Checked: Jul 30 at 9:06AM
MLS# 839173
Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 2 W Dunes Highway in Beverly Shores, Indiana, this retail building is configured to accommodate three rental entities. The property has three electrical services and two gas services to support separate tenant operations. The 3,677-square-foot building currently includes a liquor store in one unit and a retail shop in the combined space of two units. The seller owns the beach store and related inventory and fixtures, and the seller also owns certain cooler and fixtures; the tenant retains liquid and food inventory and the liquor license.
Additional income opportunities noted by the seller include potential use of available cables and outlets for seasonal food vendor trucks, and a gravel parking area on the west side of the property. The listing also indicates a high-traffic location on West Dunes Highway near the entrance to Beverly Shores, and a 24-hour notice requirement to view. The liquor store rents from the seller.
Additional income opportunities noted by the seller include potential use of available cables and outlets for seasonal food vendor trucks, and a gravel parking area on the west side of the property. The listing also indicates a high-traffic location on West Dunes Highway near the entrance to Beverly Shores, and a 24-hour notice requirement to view. The liquor store rents from the seller.
Key Highlights
- 3,677 SF commercial building built in 1952 on West Dunes Highway near the entrance to Beverly Shores
- Built to accommodate 3 rental entities, with current tenants operating a liquor store and a retail “everything beach” shop
- Liquor store tenant rents from the seller; seller owns the beach store and related inventory, fixtures, and cooler/fixtures (tenant retains liquid/food inventory)
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.2k | $21.00 |
| − Vacancy | −$3.2k | −$0.88 |
| EGI | $74.0k | $20.12 |
| − OpEx | −$22.2k | −$6.04 |
| NOI | $51.8k | $14.08 |
3,677 SF · lease $21.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$739.7K
$647.3K – $863.0K
NOI $51,782 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.39M
$1.22M – $1.63M
NOI $97,553 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Retail space - Retail building designed for three rental entities, with three electric and two gas services and on-site gravel parking.
Where is this retail space located?
The property is located at 2 W Dunes Highway Beverly Shores, IN.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 3,677 SF commercial building built in 1952 on West Dunes Highway near the entrance to Beverly Shores; Built to accommodate 3 rental entities, with current tenants operating a liquor store and a retail “everything beach” shop; Liquor store tenant rents from the seller; seller owns the beach store and related inventory, fixtures, and cooler/fixtures (tenant retains liquid/food inventory)
