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Property profile & analytics

870 Richard Rd Dyer, IN 46311-1934

  • Office Properties & Spaces
  • 4,000 SF
  • 0.32 lot acres
OFF-MARKET
Last Sale
Mar 12, 2024
Value Estimations
$260,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US31-0248173
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

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

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $255,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $358,000
    Market price range: $99.5k - $477k
    AI Estimate
    $312,000
    Market price range: $102k - $344k

Get a detailed, property-specific valuation — fast and free


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

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$10,707
$80,000
$413,200
$493,200
-
$80,000
$413,200
$493,200
More about this property
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