870 Richard Rd Dyer, IN 46311-1934
- Office Properties & Spaces
- 4,000 SF
- 0.32 lot acres
Mar 12, 2024
Current Use by Public Records
- World of Rainbows Learning Center Inc / Preschool / Child Care Agency
Property Details for 870 Richard Rd
- Year built
- 1986
- Construction
- WOOD
- Lot size
- 0.32 lot acres
- Property size
- 4,000 SF
- Property type
- Office Properties & Spaces
- APN
- 45-11-18-104-002.000-034
- APU
- 451118104002000034
Description
This exceptional 4,000 square foot retail property, situated on a 0.32-acre lot at 870 Richard Road in Dyer, Indiana, presents a remarkable investment opportunity. Its prime location near the high-traffic intersection of Calumet Avenue and Route 30 (Lincoln Highway) ensures maximum visibility and accessibility. The all-brick, truss construction building is exceptionally durable and well-maintained. Previously operating as a successful daycare center, this versatile space is easily adaptable to a variety of commercial uses. The flexible layout allows for division into two or four separate units, catering to diverse business needs. The building features two separate vestibules, each with two access entries, providing ample space and convenient access for customers and employees. Two HVAC units and two electric services ensure efficient climate control and power distribution. Internal amenities include five bathrooms and one kitchen, adding to the functionality of the space. External access is provided by two front doors and four rear doors, enhancing convenience and flexibility. A fenced rear area offers additional security and potential for outdoor use. This property's strategic location, combined with its adaptable design and numerous features, makes it an ideal investment for discerning buyers seeking a high-traffic, high-visibility retail space in a thriving community. The asking price is $650,000.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $255,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $358,000
- AI Estimate
- $312,000
Market price range: $99.5k - $477kMarket price range: $102k - $344k
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Location Insight
- Map
- Local Demand
- City
- Dyer
- County
- Lake
- State
- Indiana
- Longitude
- -87.5074
- Latitude
- 41.4911
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA