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    507 S College Ave Rensselaer, IN 47978

    Sponsored
    For Sale
    $325,000

    COMMERCIAL - Rensselaer, IN

    Property size:
    5,000 SF
    Lot size:
    0.21 Acres
    Days on Market:
    196
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 507 S College Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    370730000004093027
    Parking
    8
    Parking features
    Off Street
    Size
    5,000 SF
    Lot size
    0.21 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1963

    Re/Max Executives (219) 987-2230 [email protected]

    Listing agent Nicole Mathew (219) 866-0170

    Listing date Jun 24, 2025

    Copyright © 2025 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.

    Overview

    Versatile Commercial Building in Rensselaer

    This 5,000 sq ft commercial building is situated in a high-visibility, prime location. The open floor plan allows for customization to suit various business needs, including retail, service-based industries, and office use. The property features a separate enclosed office space and an attached warehouse/storage area. Recent updates include a HVAC system in 2025 and a metal roof.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rensselaer
    County
    Jasper
    State
    Indiana
    Longitude
    -87.155659
    Latitude
    40.929175

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    FAQs

    What type of property is this?
    Retail space - 5,000 sq ft commercial building in a prime location.
    Where is this retail space located?
    The property is located at 507 S College Ave Rensselaer, IN.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: - High-visibility, prime location ideal for attracting customers and clients.; - **5,000 sq ft open floor plan offers flexible customization** for various business types.; - Updated HVAC system (2025) ensures efficient climate control.
    (219) 987-2230
    Request Owner's contact information
    507 S College Ave Rensselaer, IN 47978
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    Realmo Value Estimation

    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.

    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.

    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
    507 S College Ave Rensselaer, IN 47978
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