Flex Space with Showroom and
11130 W 93rd Ave Saint John, IN 46373
For Sale
$995,000
Includes showroom and warehouse areas plus an attached two-bedroom apartment, with rear lot overhead doors for loading and storage.
Property Size5,510 SF
Price / SF$180.58
Days on Market19
Property Features for 11130 W 93rd Ave
General Information
Standard status
Active
Size
5,510 SF
Listing Agency:
McColly Real Estate
(708) 715-6193
Listed By:
Anthony Christopher · License #RB22001074
(708) 715-6193
Source:
Exprealty
Added: Jul 9
Changed: Jul 27
Last Checked: Jul 27 at 3:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of McColly Real Estate
Investment Insights
Based on property information with market context.
Commercial flex-style property at 11130 W 93rd Ave, Saint John, IN, offering a mix of showroom, warehouse, and attached residential space. The building includes approximately 2,300 square feet of showroom space and 1,500 square feet of warehouse space, along with an attached 1,200 square foot, two-bedroom apartment.
Operations are supported by a rear lot with overhead doors, providing convenient access for loading, storage, and day-to-day needs. The property is positioned to benefit from strong visibility and high traffic counts, with a layout designed to accommodate a variety of uses subject to zoning.
Operations are supported by a rear lot with overhead doors, providing convenient access for loading, storage, and day-to-day needs. The property is positioned to benefit from strong visibility and high traffic counts, with a layout designed to accommodate a variety of uses subject to zoning.
Key Highlights
- Commercial building with 5,500+ sq ft of flexible space and high traffic exposure
- Approximately 2,300 sq ft showroom area
- Approximately 1,500 sq ft warehouse space
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 | $119.0k | $21.60 |
| − Vacancy | −$25.8k | −$4.69 |
| EGI | $93.2k | $16.91 |
| − OpEx | −$23.3k | −$4.23 |
| NOI | $69.9k | $12.68 |
5,510 SF · lease $21.60/SF/yr · vacancy 21.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$998.5K
$873.7K – $1.16M
NOI $69,892 @ 7.0% cap · market cap 7.02%
Second Best
Mixed Use
$779.3K
$681.9K – $909.2K
NOI $54,549 @ 7.0% cap · market cap 5.48%
Theoretical Best
Specialty Retail
$1.54M
$1.35M – $1.79M
NOI $107,672 @ 7.0% cap · market cap 10.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Comforts Catering — 9585 N Industrial Dr, St John, IN 46373
Frequently Asked Questions
What type of property is this?
Flex space - Includes showroom and warehouse areas plus an attached two-bedroom apartment, with rear lot overhead doors for loading and storage.
Where is this flex space located?
The property is located at 11130 W 93rd Ave Saint John, IN.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Commercial building with 5,500+ sq ft of flexible space and high traffic exposure; Approximately 2,300 sq ft showroom area; Approximately 1,500 sq ft warehouse space
