Two-Story Professional Building For
900 Parker Place Schererville, IN 46375
For Sale
$295,900
SINGLE_FAMILY - Schererville, IN
Property Size1,682 SF
Lot Size0.61 Acres
Price / SF$175.92
Days on Market462
Property Features for 900 Parker Place
General Information
Property type
Residential
Property subtype
Office
Parking
10
Exterior features
Lighting
Appliances
Refrigerator
Standard status
Active
APN
451108477004000036
Size
1,682 SF
Lot size
0.61 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
900 PARKER PLACE OFFICE CONDOMINIUM UNIT D
Tax Annual Amount
3502
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
2003
Listing Agency:
McColly Real Estate
(219) 322-5508
Listed By:
Suzanne Herrmann · License #475150205
(219) 613-4219
Added: Apr 24, 2025
Changed: Apr 22
Last Checked: Jul 29 at 1:06PM
MLS# 819594
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 two-story professional building is located in a highly visible area. The 1,682 square-foot building features an open layout. The first floor includes a reception area, a spacious work area, a private work room, a private bathroom, a tank closet, and storage space. The second floor features an open loft, office space, a private work area, and a kitchenette with a break room. The property, situated on a 0.61-acre lot, has parking spaces. It is currently used as a dental lab.
Key Highlights
- Great location in a highly visible professional building
- Open layout with reception area
- Spacious work area and private work room
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 | $36.3k | $21.60 |
| − Vacancy | −$7.9k | −$4.69 |
| EGI | $28.4k | $16.91 |
| − OpEx | −$7.1k | −$4.23 |
| NOI | $21.3k | $12.68 |
1,682 SF · lease $21.60/SF/yr · vacancy 21.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$304.8K
$266.7K – $355.6K
NOI $21,335 @ 7.0% cap · market cap 7.21%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$469.5K
$410.9K – $547.8K
NOI $32,868 @ 7.0% cap · market cap 11.11%
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?
Office building - Two-story professional building with open layout and high visibility.
Where is this office building located?
The property is located at 900 Parker Place Schererville, IN.
What is the asking price?
The asking price for this property is $295,900.
What are key features of this property?
This property features: Great location in a highly visible professional building; Open layout with reception area; Spacious work area and private work room
