Office Unit With
For Sale
$295,900
900 Parker Pl Unit D, Schererville, IN 46375
Two-level workspace combines an open reception and work area with private rooms and a kitchenette.
Property Size1,682 SF
Price / SF$175.92
Days on Market633
Property Features for 900 Parker Pl Unit D
General Information
Standard status
Active
Size
1,682 SF
Property subtype
Commercial
Additional Details
Currently Operating
Yes
Property Use
Dental Lab
Medical Specialty
dental
Amenities
reception area
private bathroom
storage
kitchenette
break room
open loft
Building Details
Year Built
2003
Buildings
1
Stories
2
Listing Agency:
McColly Real Estate
Listed By:
Suzanne Herrmann · License #475150205
(219) 613-4219
Source:
Nwindianahomesearcher
Added: Feb 2, 2025
Changed: Oct 27
Last Checked: Oct 27 at 3:32AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,682-square-foot office unit has a two-level layout. The main level includes reception space, an open work area, a private room, a bathroom, a tank closet, and storage. Upstairs, an open loft provides additional office and private work areas, along with a kitchenette and break room.
The property was built in 2003 and is currently used as a dental lab. Parking is available on site.
The property was built in 2003 and is currently used as a dental lab. Parking is available on site.
Key Highlights
- 1,682‑square‑foot office unit
- Two‑level layout with an open loft
- Reception area, open work space, private room, bathroom, tank closet, and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,335
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,700
$426.7K
Cap Rate 7%
$304,786
$304.8K
Cap Rate 9%
$237,056
$237.1K
Market Conditions
NOI Build-Up for 1,682 SF
Gross rent
$36.3K $21.60/SF
− Vacancy
−$7.9K −$4.69/SF
EGI
$28.4K $16.91/SF
− OpEx
−$7.1K −$4.23/SF
NOI
$21.3K $12.68/SF
Area
Lake County, IN
Vacancy
21.70%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$426,700
Cap Rate 7%
$304,786
Cap Rate 9%
$237,056
Alternative Uses
Best Use
Office B
$304.8K
$266.7K – $355.6K
NOI $21,335 @ 7.0% cap · market cap 7.21%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$469.5K
$410.9K – $547.8K
NOI $32,868 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
859
Businesses Nearby
Explore this area
Business Placement
Demographics for 46375, IN
24,051
Population
10,064
Households
2.4
Avg Household Size
46
Median Age
36%
College-Educated
96%
High-School Grad
12.8 sq mi
ZIP Area
1,879
Density / Sq Mi
$89,646
Median Household Income
$51,448
Median Earnings
$1,250
Median Rent
$295,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Two-level workspace combines an open reception and work area with private rooms and a kitchenette.
Where is this office unit located?
The property is located at 900 Parker Pl Unit D Schererville, IN.
What is the asking price?
The asking price for this property is $295,900.
What are key features of this property?
This property features: 1,682‑square‑foot office unit; Two‑level layout with an open loft; Reception area, open work space, private room, bathroom, tank closet, and storage
