Professional Brick Building with
2327 45th Street Highland, IN 46322
2327 45th Street, Highland, IN, 46322
$1,100,000
For Sale
$1,100,000
SINGLE_FAMILY - Highland, IN
Property Size4,472 SF
Lot Size0.50 Acres
Price / SF$245.97
Days on Market902
Property Features for 2327 45th Street
General Information
- Property type
- Residential
- Property subtype
- Office
- Rooms
- Basement
- Parking
- 15
- Interior features
- High Ceilings
- Basement
- Finished, Full
- Standard status
- Active
- APN
- 450729477007000026
- Size
- 4,472 SF
- Lot size
- 0.50 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- Legal Description: GEORGE KORCZAK LOT 1 EX. PT. OF S.9.3FT IN R/W
- Tax Annual Amount
- 15131
Utilities
- Utilities
- Natural Gas Available
- Sewer type
- Public Sewer
- Heating system
- Central
- Water source
- Public
Building Details
- Year built
- 1992
Listing Agency
McColly Real Estate
(219) 922-2300
10249 Indianapolis Blvd. Ste B, Highland, IN
Listed by
Tom Boyle · License #RB14030231
(219) 730-6398
Added: Jan 31, 2024 Updated: May 14 at 1:05 pm Checked: Jul 21 at 1:06 am
MLS# 544452
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.
This is an all-brick professional building featuring ample parking in both the front and rear. The property is currently leased as a dental office with a long-term tenant. The rear of the building includes a smaller office space, which is also currently rented. The building includes upgraded private offices and a basement area with a full kitchen and employee cafe. The building is located in Highland, Indiana. The property size is 4,472 square feet and the lot size is approximately 0.499 acres. This property presents a great investment opportunity.
Key Highlights
- Long‑term, solid tenant (dental office) in place providing immediate income.
- Additional rental income from smaller office space at the rear of the building.
- Ample parking available in both the front and rear of the building.
Local Financial Insights For Healthcare Medical
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 | $75.1k | $16.80 |
| − Vacancy | −$7.5k | −$1.68 |
| EGI | $67.6k | $15.12 |
| − OpEx | −$27.0k | −$6.05 |
| NOI | $40.6k | $9.07 |
4,472 SF · lease $16.80/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$579.6K
$507.1K – $676.2K
NOI $40,570 @ 7.0% cap · market cap 3.69%
Second Best
Office B
$579.6K
$507.1K – $676.2K
NOI $40,570 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$791.2K
$692.3K – $923.0K
NOI $55,381 @ 7.0% cap · market cap 5.03%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Medical Office Space
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Similar Off Market Nearby
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- De Graaf Anne F DVM — 9308 Indianapolis Blvd, Highland, IN 46322
FAQs
What type of property is this?
Medical Office Space - All brick professional building with long-term tenants and ample parking.
Where is this medical office space located?
The property is located at 2327 45th Street Highland, IN.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Long‑term, solid tenant (dental office) in place providing immediate income.; Additional rental income from smaller office space at the rear of the building.; Ample parking available in both the front and rear of the building.
