Commercial Flex Building with
700 Broadway Avenue Chesterton, IN 46304
For Sale
$1,339,000
COMMERCIAL - Chesterton, IN
Property Size20,528 SF
Lot Size0.60 Acres
Price / SF$65.23
Days on Market113
Property Features for 700 Broadway Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 36
- Parking features
- On Street, Off Street, Alley
- Interior features
- High Ceilings, Open Floorplan
- Standard status
- Active
- APN
- 640336331006000023
- Size
- 20,528 SF
- Lot size
- 0.60 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- HASLETTS 3RD LOTS 1-3 BLK 1
- Tax Annual Amount
- 7885
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air, Natural Gas
- Water source
- Public
Building Details
- Year built
- 1951
Listing Agency:
RE/MAX Lifestyles
(219) 462-2121
Listed By:
Jay Gottleber
(219) 928-8437
Added: Apr 2
Changed: Jul 11
Last Checked: Jul 23 at 9:06PM
MLS# 836474
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 commercial flex building is fully sprinkled and totals 20,528 square feet. The property includes two staircases and a freight lift providing access to the second floor. Additional building features include netnitco fiber, camera monitoring, and over 95% LED lighting, supported by 400-amp three-phase incoming power.
Located on Broadway in Chesterton, Indiana, the property sits along a high-visibility east-west corridor through the heart of the area. Zoning is B-2, supporting a range of commercial uses including retail, office, flex, showroom, and storage.
Parking is available for 36 vehicles, including 24 spaces on a private lot and 12 spaces on-street.
Located on Broadway in Chesterton, Indiana, the property sits along a high-visibility east-west corridor through the heart of the area. Zoning is B-2, supporting a range of commercial uses including retail, office, flex, showroom, and storage.
Parking is available for 36 vehicles, including 24 spaces on a private lot and 12 spaces on-street.
Key Highlights
- 20,528 SF fully sprinkled commercial flex building on Broadway in Chesterton, IN
- Zoned B‑2 for a broad range of uses including retail, office, flex, showroom and storage
- 36 parking spaces total: 24 on a private lot and 12 on‑street
Financial Insights For Flex RnD
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 | $204.5k | $9.96 |
| − Vacancy | −$16.8k | −$0.82 |
| EGI | $187.7k | $9.14 |
| − OpEx | −$65.7k | −$3.20 |
| NOI | $122.0k | $5.94 |
20,528 SF · lease $9.96/SF/yr · vacancy 8.21% · expense 35.00%
Alternative Uses
Best Use
Retail
$4.13M
$3.61M – $4.82M
NOI $289,088 @ 7.0% cap · market cap 21.59%
Second Best
Office B
$3.52M
$3.08M – $4.11M
NOI $246,607 @ 7.0% cap · market cap 18.42%
Theoretical Best
Healthcare Medical
$7.78M
$6.81M – $9.08M
NOI $544,619 @ 7.0% cap · market cap 40.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar Off Market Nearby
- Carm's Delights — 25 Washington Ave, Chesterton, IN 46304
FAQs
What type of property is this?
Flex space - Fully sprinkled flex building with freight lift, two staircases, and 36 parking spaces in a B-2 zoned package.
Where is this flex space located?
The property is located at 700 Broadway Avenue Chesterton, IN.
What is the asking price?
The asking price for this property is $1,339,000.
What are key features of this property?
This property features: 20,528 SF fully sprinkled commercial flex building on Broadway in Chesterton, IN; Zoned B‑2 for a broad range of uses including retail, office, flex, showroom and storage; 36 parking spaces total: 24 on a private lot and 12 on‑street
