2904 45th St, Highland, IN
Mixed-use building with apartments and retail space in Highland, Indiana.
- Added:
- Feb 4, 2025
- Days on Market:
- 495
- Last Refresh:
- May 20 at 8:58 pm
Property Features for 2904 45th St
General Information
- Standard status
- Active
- Size
- 4,144 SF
- Lot size
- 0.54 Acres
- Property subtype
- RETAIL
Listing agent Dennis Larson
Listing office Diversified Commercial Real Estate (219) 836-4740
Listing date Feb 4, 2025
Source Moodyscre
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 Diversified Commercial Real Estate
HighLights
- Apartments (Leased) on 2nd Floor
- Many Capital Improvements Since 2018
- Low Taxes
Overview
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 | $54.7k | $13.20 |
| − Vacancy | −$4.4k | −$1.06 |
| EGI | $50.3k | $12.14 |
| − OpEx | −$15.1k | −$3.64 |
| NOI | $35.2k | $8.50 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Highland
- County
- Vermillion
- State
- Indiana
- Longitude
- -87.4703
- Latitude
- 41.5435
