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    Downtown Rensselaer Commercial Building Title is generated by Realmo AI

    110 N Front Street, Rensselaer, IN 47978

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    Pending
    $154,900

    COMMERCIAL - Rensselaer, IN

    Property size:
    3,150 SF
    Lot size:
    0.09 Acres
    Added:
    Mar 31, 2026
    Days on Market:
    46
    Last Refresh:
    May 15 at 6:06 pm

    Property Features for 110 N Front Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Rooms
    Basement
    Parking features
    Garage, On Street, Off Street
    Interior features
    High Ceilings
    Basement
    Walk-Out Access, Unfinished
    Standard status
    Pending
    APN
    370730001001051027
    Size
    3,150 SF
    Lot size
    0.09 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    N 35' OL 28 SE NW 30 29 6, .15A JCD ASSN N 35' LOT 3
    Tax Annual Amount
    1069

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Water source
    Public
    Water front features
    Lake Front
    Water front
    1

    Building Details

    Year built
    1926

    We can help!

    Listing Contact
    JoAnn McElfresh
    JoAnn McElfresh

    Listing agent JoAnn McElfresh License #RB14035248

    Listing office Jenkins, REALTORS, INC. 625 S College Ave, Rensselaer, IN

    Listing date Mar 31, 2026

    MLS# 836296

    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.

    HighLights

    • Two 200 amp/3 phase electrical services
    • New roof (2025)
    • Located in downtown Rensselaer with storefront visibility
    • Two municipal parking lots within 100 feet
    • Overhead door on the front and two large roll‑up doors for easy access
    • Partial basement with walkout to the river

    Overview

    Located in downtown Rensselaer, this commercial building features green awnings and a glass storefront. The building extends back 90 feet, offering open spaces suitable for a variety of uses. The front retail section is heated and cooled separately from the back portion. An overhead door is located on the front, and two large roll-up doors provide access from the garage for moving large items. A partial basement has a walkout to the river. The property includes two 200 amp/3 phase electrical services. The roof was replaced in 2025. The property is zoned B-3 and is located within 100 feet of two municipal parking lots. The lot size is 0.09 acres, and the property size is 3150 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Erica's Boutique Clothing & Fashion Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Brookside Florist — 121 W Vine St, Rensselaer, IN 47978

    Location Insight

    • Map
    • Local Demand
    City
    Rensselaer
    County
    Jasper
    State
    Indiana
    Longitude
    -87.153732
    Latitude
    40.935472

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    FAQs

    What type of property is this?
    Storefront property - Commercial building in downtown Rensselaer with versatile open spaces.
    Where is this storefront property located?
    The property is located at 110 N Front Street Rensselaer, IN.
    What is the asking price?
    The asking price for this property is $154,900.
    What are key features of this property?
    This property features: Two 200 amp/3 phase electrical services; New roof (2025); Located in downtown Rensselaer with storefront visibility
    (219) 863-4268
    We can help!
    Listing Contact
    JoAnn McElfresh
    JoAnn McElfresh
    Real Estate License ID: RB14035248
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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