Former Bank with
For Sale
Contact for pricing
1300 Sheffield Ave, Dyer, IN 46311
Former Peoples Bank building offers drive-through possibilities on a large corner lot.
Property Size2,547 SF
Price / SF$139.38
Days on Market130
Property Features for 1300 Sheffield Ave
General Information
Standard status
Active
Size
2,547 SF
Property subtype
RETAIL
Listing Agency:
Latitude Commercial
(209) 864-0200
Listed By:
Myles Rapchak · License ##RB14052315
(219) 308-3553
Source:
Moodyscre
Added: May 29
Changed: Oct 2
Last Checked: Oct 4 at 11:53AM
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 Latitude Commercial
Investment Insights
Based on property information with market context.
This property is a 2,547 SF former Peoples Bank building with drive-through possibilities for QSR concepts. The site is situated on a large corner lot.
The property is located at a stop light intersection on Sheffield Ave and Monticello Dr. It is also less than 1/4 mile from the Illinois/Indiana state line.
The offering combines an existing bank-style structure with on-site drive-through potential, supported by the corner placement at a signalized intersection.
The property is located at a stop light intersection on Sheffield Ave and Monticello Dr. It is also less than 1/4 mile from the Illinois/Indiana state line.
The offering combines an existing bank-style structure with on-site drive-through potential, supported by the corner placement at a signalized intersection.
Key Highlights
- 2547 SF former Peoples Bank building
- Drive‑through possibilities for QSR use
- Large corner lot totaling 0.93 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,544
Cap Rate
6.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$490,880
$490.9K
Cap Rate 7%
$350,629
$350.6K
Cap Rate 9%
$272,711
$272.7K
Market Conditions
NOI Build-Up for 2,547 SF
Gross rent
$36.7K $14.40/SF
− Vacancy
−$1.6K −$0.63/SF
EGI
$35.1K $13.77/SF
− OpEx
−$10.5K −$4.13/SF
NOI
$24.5K $9.64/SF
Area
Lake County, IN
Vacancy
4.40%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$490,880
Cap Rate 7%
$350,629
Cap Rate 9%
$272,711
Alternative Uses
Best Use
Specialty Retail
$711.0K
$622.2K – $829.5K
NOI $49,772 @ 7.0% cap · market cap 14.02%
Second Best
Retail
$350.6K
$306.8K – $409.1K
NOI $24,544 @ 7.0% cap · market cap 6.91%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
265
Businesses Nearby
24k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Home Improvements & Furnishings 32%
Casey's General Store
Shops & Services
7,893 visits/mo
0.2 miles
Gus Bock's Ace Hardware
Home Improvements & Furnishings
7,739 visits/mo
0.2 miles
Dollar General
Shops & Services
6,272 visits/mo
0.3 miles
Centier Bank
Shops & Services
2,070 visits/mo
0.3 miles
Demographics for 46311, IN
22,431
Population
9,128
Households
2.5
Avg Household Size
43
Median Age
37%
College-Educated
96%
High-School Grad
12.6 sq mi
ZIP Area
1,780
Density / Sq Mi
$109,167
Median Household Income
$58,332
Median Earnings
$1,221
Median Rent
$300,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Bank - Former Peoples Bank building offers drive-through possibilities on a large corner lot.
Where is this bank located?
The property is located at 1300 Sheffield Ave Dyer, IN.
What is the asking price?
The asking price for this property is $355,000.
What are key features of this property?
This property features: 2547 SF former Peoples Bank building; Drive‑through possibilities for QSR use; Large corner lot totaling 0.93 acres
