1032 119th Street, Whiting, IN 46394
Professional building near downtown Whiting and Lake Michigan access.
- Added:
- Oct 2, 2024
- Days on Market:
- 643
- Last Refresh:
- Jul 4 at 7:50 am
Property Features for 1032 119th Street
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Lot size
- 0.43 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2008
Listing office McColly Real Estate (219) 808-6150
Listing date Oct 2, 2024
Source Exitrealty
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
HighLights
- All brick construction
- Well‑maintained professional building
- Close to Lake Michigan access
- Blocks away from downtown Whiting
- Built in 2008
- Professional building
Overview
Local 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 | $77.8k | $21.60 |
| − Vacancy | −$16.9k | −$4.69 |
| EGI | $60.9k | $16.91 |
| − OpEx | −$15.2k | −$4.23 |
| NOI | $45.7k | $12.68 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Whiting
- County
- Lake
- State
- Indiana
- Longitude
- -87.502422
- Latitude
- 41.678974
