Versatile Commercial Property on
1147 N Salt Creek Road, Chesterton, IN 46304
Four buildings totaling nearly 6,500 SF on high-traffic roadway.
Type:Business for Sale, Mixed Use, Office
Property size:
6,500 SFLot size:
1.00 AcrePrice / SF:
$230/SF- Added:
- May 22, 2026
- Days on Market:
- 12
- Last Refresh:
- May 27 at 8:20 am
Property Features for 1147 N Salt Creek Road
General Information
- Standard status
- Active
- Size
- 6,500 SF
- Lot size
- 1.00 Acre
- Property subtype
- Business for Sale, Mixed Use, Office
Building Details
- Year Built
- 1984
Listing agent Kristin Crownover License #IN RB17000679
Listing office Listing Leaders
Listing date May 22, 2026
Source Crexi
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 Listing Leaders
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.
- Versatile property suitable for business ventures, investment, retail, office, storage, service industries, or mixed‑use.
- Prime commercial opportunity with endless potential.
- Built in 1984.
Overview
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.
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.
Location Intelligence
Current Use by Public Records
Office Units
Location Insight
- Map
- Local Demand
- City
- Chesterton
- County
- Porter
- State
- Indiana
- Longitude
- -87.0454
- Latitude
- 41.6139
Nearby Similar for Sale
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.
