Flex Space with
For Sale
$975,000
11130 W 93rd Avenue, St John, IN 46373
Commercial Sale, St. John, IN
Property Size5,500 SF
Lot Size0.64 Acres
Price / SF$176.95
Days on Market96
Property Features for 11130 W 93rd Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
10
Directions
Heading South on Wicker Ave, turn left onto 93rd Ave, Building is on left.
Standard status
Active
APN
451128353011000035
Size
5,510 SF
Lot size
0.64 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PT W.94.47FT OF S.5AC OF W1/2 SW1/4 SW1/4 EX. E.300FT & EX W.130FT & EX. S.30FT OF W.211.56FT S.28 T.35 R.9 0.635 Ac
Tax Annual Amount
4623
Legal Description
PT W.94.47FT OF S.5AC OF W1/2 SW1/4 SW1/4 EX. E.300FT & EX W.130FT & EX. S.30FT OF W.211.56FT S.28 T.35 R.9 0.635 Ac
Utilities
Utilities
Natural Gas Available
Sewer type
Public Sewer
Heating system
Baseboard
Water source
Public
Building Details
Year built
1963
Listing Agency:
McColly Real Estate
(219) 322-5508
Listed By:
Anthony Christopher · License #RB22001074
(708) 715-6193
Added: Jul 9
Changed: Oct 5
Last Checked: Oct 12 at 2:06AM
MLS# 841957
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 5,510-square-foot flex property, built in 1963, brings together approximately 2,300 square feet of showroom area, 1,500 square feet of warehouse space, and an attached 1,200-square-foot, two-bedroom apartment. The layout supports multiple commercial functions within one building, with baseboard heating and natural gas available.
A 0.64-acre rear lot includes overhead doors for access related to loading, storage, and daily operations. The property is located at 11130 W 93rd Avenue in St. John, Indiana, with public water and public sewer service.
A 0.64-acre rear lot includes overhead doors for access related to loading, storage, and daily operations. The property is located at 11130 W 93rd Avenue in St. John, Indiana, with public water and public sewer service.
Key Highlights
- 5,510 square feet of total building area
- Approximately 2,300 square feet of showroom space
- Approximately 1,500 square feet of warehouse space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,549
Cap Rate
5.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,090,980
$1.1M
Cap Rate 7%
$779,271
$779.3K
Cap Rate 9%
$606,100
$606.1K
Market Conditions
NOI Build-Up for 5,510 SF
Gross rent
$99.2K $18.00/SF
− Vacancy
−$11.9K −$2.16/SF
EGI
$87.3K $15.84/SF
− OpEx
−$32.7K −$5.94/SF
NOI
$54.5K $9.90/SF
Area
Lake County, IN
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,090,980
Cap Rate 7%
$779,271
Cap Rate 9%
$606,100
Alternative Uses
Best Use
Mixed Use
$779.3K
$681.9K – $909.2K
NOI $54,549 @ 7.0% cap · market cap 5.59%
Second Best
Retail
$758.5K
$663.7K – $885.0K
NOI $53,097 @ 7.0% cap · market cap 5.45%
Theoretical Best
Specialty Retail
$1.54M
$1.35M – $1.79M
NOI $107,672 @ 7.0% cap · market cap 11.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
500
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46373, IN
17,839
Population
6,616
Households
2.7
Avg Household Size
44
Median Age
42%
College-Educated
94%
High-School Grad
10.9 sq mi
ZIP Area
1,637
Density / Sq Mi
$123,203
Median Household Income
$70,957
Median Earnings
$953
Median Rent
$375,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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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 - Flexible commercial building combines showroom, warehouse, and attached residential space.
Where is this flex space located?
The property is located at 11130 W 93rd Avenue St John, IN.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 5,510 square feet of total building area; Approximately 2,300 square feet of showroom space; Approximately 1,500 square feet of warehouse space
