Versatile Commercial Property on
1147 N Salt Creek Road Chesterton, IN 46304
1147 N Salt Creek Road, Chesterton, IN, 46304
Contact for pricing
For Sale
Contact for pricing
Four buildings totaling nearly 6,500 SF on high-traffic roadway.
Property Size6,500 SF
Lot Size1.00 Acre
Price / SF$230.77
Days on Market58
Property Features for 1147 N Salt Creek Road
General Information
- Standard status
- Active
- Size
- 6,500 SF
- Lot size
- 1.00 Acre
- Property subtype
- Mixed Use, Office
Building Details
- Year Built
- 1984
Listing Agency
Listing Leaders
(219) 765-7595
Listed by
Kristin Crownover · License #IN RB17000679
Source
Crexi
Added: May 22 Checked: Jul 17 at 10:05 am
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Investment Insights
Based on property information with market context.
This commercial property, situated on just over an acre along a high-traffic roadway, features four buildings totaling nearly 6,500 square feet. The location offers exceptional visibility and easy access. The expansive lot provides ample parking and room for expansion. This property is suitable for a variety of business ventures, investment opportunities, retail, office space, storage, service industries, or mixed-use possibilities.
Key Highlights
- High‑traffic roadway location ensures exceptional visibility and easy access.
- Four buildings totaling nearly 6,500 square feet provide ample space.
- Just over an acre lot offers ample parking and room for expansion.
Local Financial Insights For Retail
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 | $136.5k | $21.00 |
| − Vacancy | −$5.7k | −$0.88 |
| EGI | $130.8k | $20.12 |
| − OpEx | −$39.2k | −$6.04 |
| NOI | $91.5k | $14.08 |
6,500 SF · lease $21.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.31M
$1.14M – $1.53M
NOI $91,537 @ 7.0% cap · market cap 6.10%
Second Best
Office B
$1.12M
$976.1K – $1.30M
NOI $78,086 @ 7.0% cap · market cap 5.21%
Theoretical Best
Healthcare Medical
$2.46M
$2.16M – $2.87M
NOI $172,449 @ 7.0% cap · market cap 11.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Four buildings totaling nearly 6,500 SF on high-traffic roadway.
Where is this mixed-use property located?
The property is located at 1147 N Salt Creek Road Chesterton, IN.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: High‑traffic roadway location ensures exceptional visibility and easy access.; Four buildings totaling nearly 6,500 square feet provide ample space.; Just over an acre lot offers ample parking and room for expansion.
