Brick Mixed-Use Property with
For Sale
$475,000
1948 Indianapolis Boulevard, Whiting, IN 46394
Brick construction combines ground-floor retail with three occupied residential units.
Property Size6,250 SF
Price / SF$76
Days on Market323
Property Features for 1948 Indianapolis Boulevard
General Information
Standard status
Active
Size
6,250 SF
Property subtype
Commercial Sale / Mixed Use
Zoning
COMMR
Occupancy
100%
Net Operating Income
$25,551
Taxes and HOA fees
Annual Taxes
$4,569
Building Details
Year Built
1927
Stories
2
Construction
brick
Listing Agency:
Coldwell Banker Realty
(219) 805-2857
Listed By:
Nicholas Smith · License #475169323
(219) 805-2857
Source:
Compass
Added: Oct 12, 2025
Changed: Aug 29
Last Checked: Aug 29 at 4:15PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 6,250-square-foot brick mixed-use property, built in 1927, places retail space on the main level beneath three residential units. The apartments collectively contain nine bedrooms and three bathrooms, and all three units are occupied by long-term tenants. The property sits on a double lot and carries COMMR zoning.
Positioned along Indianapolis Boulevard in Whiting, the building is near downtown, parks, restaurants, and the Lake Michigan shoreline. The annual Summer Pierogi Fest is within walking distance, while Downtown Chicago is approximately 45 minutes away. The combination of commercial frontage and residential occupancy supports both mixed-use ownership and a live/work configuration.
Positioned along Indianapolis Boulevard in Whiting, the building is near downtown, parks, restaurants, and the Lake Michigan shoreline. The annual Summer Pierogi Fest is within walking distance, while Downtown Chicago is approximately 45 minutes away. The combination of commercial frontage and residential occupancy supports both mixed-use ownership and a live/work configuration.
Key Highlights
- 6,250‑square‑foot brick mixed‑use building constructed in 1927
- Ground‑floor retail space with three residential units
- Residential component includes nine bedrooms and three bathrooms
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
558
Businesses Nearby
Explore this area
Business Placement
Demographics for 46394, IN
11,725
Population
5,437
Households
2.2
Avg Household Size
41
Median Age
23%
College-Educated
86%
High-School Grad
4.7 sq mi
ZIP Area
2,495
Density / Sq Mi
$66,386
Median Household Income
$41,643
Median Earnings
$970
Median Rent
$162,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick construction combines ground-floor retail with three occupied residential units.
Where is this mixed-use property located?
The property is located at 1948 Indianapolis Boulevard Whiting, IN.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 6,250‑square‑foot brick mixed‑use building constructed in 1927; Ground‑floor retail space with three residential units; Residential component includes nine bedrooms and three bathrooms
