8025 Wicker Avenue Schererville, IN 46373
SINGLE_FAMILY - Schererville, IN
- Added:
- Mar 10, 2026
- Days on Market:
- 125
- Last Refresh:
- Jul 12 at 1:06 pm
Property Features for 8025 Wicker Avenue
General Information
- Property type
- Residential
- Property subtype
- Office
- Parking
- 10
- Appliances
- Microwave, Refrigerator
- Standard status
- Active
- APN
- 451121152003000036
- Size
- 1,200 SF
- Lot size
- 3.12 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- TRI-TOWN COMMONS UNIT C
- Tax Annual Amount
- 2560
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Water source
- Public
Building Details
- Year built
- 2008
Listing agent Jeffrey Fryzel License #475168697 (708) 243-1827
Listing office McColly Real Estate 850 Deer Creek Dr, Schererville, IN (219) 322-5508
Listing date Mar 10, 2026
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 along the St. John/Schererville corridor on US-41, the property is positioned for strong traffic exposure and offers an opportunity for monument signage for business identification. The condominium is part of a tenant-managed HOA, helping outline the shared responsibilities for day-to-day operations.
The configuration and reception flow make the suite well-suited for medical, dental, wellness, or other client-service professional uses. For growing businesses or investors seeking added flexibility, adjacent Suite B is also available, creating the option to combine suites B and C for approximately 2,400 SF. Owner financing may be considered for qualified buyers.
Key Highlights
- 1,200 SF office condominium built in 2008 with reception area, one enclosed office, and a large conference room or second office
- Kitchen includes refrigerator and microwave; also features a restroom and a larger storage room
- Suite C is currently vacant and ready for immediate occupancy or lease‑up
Local Financial Insights For Office B
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 | $25.9k | $21.60 |
| − Vacancy | −$5.6k | −$4.69 |
| EGI | $20.3k | $16.91 |
| − OpEx | −$5.1k | −$4.23 |
| NOI | $15.2k | $12.68 |
