Office Suite with Private
9721 Prairie Avenue Highland, IN 46322
9721 Prairie Avenue, Highland, IN, 46322
$229,000
For Sale
$229,000
SINGLE_FAMILY - Highland, IN
Property Size1,370 SF
Lot Size0.88 Acres
Price / SF$167.15
Days on Market13
Property Features for 9721 Prairie Avenue
General Information
- Property type
- Residential
- Property subtype
- Office
- Parking
- 10
- Standard status
- Active
- APN
- 450732226003000026
- Size
- 1,370 SF
- Lot size
- 0.88 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- HIGHLAND PROFESSIONAL CENTER UNIT #C
- Tax Annual Amount
- 2668
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 1988
Listing agency
McCormick Real Estate, Inc.
(219) 663-9300
Listed by
Jeff McCormick · License #RB14033291
(219) 613-5643
Added: Jul 10 Checked: Jul 22 at 9:06PM
MLS# 842125
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 for-sale office suite offers a flexible interior with multiple private offices, a welcoming reception area, and dedicated workspace options. Large windows throughout the space bring in natural light, supporting a professional work environment.
The property is located at 9721 Prairie Avenue in Highland, Indiana. It includes ample on-site parking for staff and visitors and is positioned just minutes from Indianapolis Boulevard and major Highland retail corridors, with access to nearby restaurants, shopping, and key transportation routes.
With its mix of private offices and reception space, the suite is designed for businesses seeking a clean, move-in-ready office layout within a central commercial setting.
The property is located at 9721 Prairie Avenue in Highland, Indiana. It includes ample on-site parking for staff and visitors and is positioned just minutes from Indianapolis Boulevard and major Highland retail corridors, with access to nearby restaurants, shopping, and key transportation routes.
With its mix of private offices and reception space, the suite is designed for businesses seeking a clean, move-in-ready office layout within a central commercial setting.
Key Highlights
- Commercial office suite on Prairie Avenue in Highland with large windows for natural light
- Flexible layout with multiple private offices and a welcoming reception area
- Utilities include cable available; water source is public and sewer is public sewer
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 | $19.7k | $14.40 |
| − Vacancy | −$3.2k | −$2.30 |
| EGI | $16.6k | $12.10 |
| − OpEx | −$4.1k | −$3.02 |
| NOI | $12.4k | $9.07 |
1,370 SF · lease $14.40/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$177.6K
$155.4K – $207.2K
NOI $12,429 @ 7.0% cap · market cap 5.43%
Second Best
Healthcare Medical
$177.6K
$155.4K – $207.2K
NOI $12,429 @ 7.0% cap · market cap 5.43%
Theoretical Best
Office A
$242.4K
$212.1K – $282.8K
NOI $16,966 @ 7.0% cap · market cap 7.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Versatile office suite with multiple private offices and reception area, featuring large windows and ample on-site parking.
Where is this office units located?
The property is located at 9721 Prairie Avenue Highland, IN.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Commercial office suite on Prairie Avenue in Highland with large windows for natural light; Flexible layout with multiple private offices and a welcoming reception area; Utilities include cable available; water source is public and sewer is public sewer
