Two-Unit Storefront
New
For Sale
$950,000
2 W Dunes Highway, Beverly Shores, IN 46301
Commercial Sale, Beverly Shores, IN
Property Size3,677 SF
Lot Size0.28 Acres
Price / SF$258.36
Days on Market4
Property Features for 2 W Dunes Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business
Parking
16
Parking features
Off Street
Lot features
Corner Lot
Directions
Property is located on the NW corner of Dunes Hwy (US Hwy 12) and Broadway.
Standard status
Active
APN
640410302012000011
Size
3,677 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Lot 1 in Block 105 in Frederick H. Bartlett's Beverly Shores Unit "F" in the Town of Beverly Shores
Tax Annual Amount
2006
Legal Description
Lot 1 in Block 105 in Frederick H. Bartlett's Beverly Shores Unit "F" in the Town of Beverly Shores
Utilities
Heating system
Central
Water source
Well
Building Details
Year built
1952
Listing Agency:
McColly Real Estate
(219) 462-2411
Listed By:
Michael Siwietz · License #RB14041675
(219) 229-2911
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 17 at 4:06AM
MLS# 846894
Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,677-square-foot, single-story retail building dates to 1952 and is configured as two units. One houses Beach & Camp Stop General Store, which sells beachwear and camping goods and offers rentals of bikes, sea kayaks, and paddleboards. The second unit is occupied by Hobgoblin Fine Spirits & Wine. The property has central heating, a well water source, and off-street parking.
At the northwest corner of the signalized intersection of Dunes Highway (US Hwy. 12) and Broadway in Beverly Shores, the site is across Dunes Highway from park campgrounds and beside the Marquette Greenway Bike Path. Paved customer parking accommodates 8 vehicles. A 95' x 54' overflow lot to the west is currently leased to a restaurant across the highway.
At the northwest corner of the signalized intersection of Dunes Highway (US Hwy. 12) and Broadway in Beverly Shores, the site is across Dunes Highway from park campgrounds and beside the Marquette Greenway Bike Path. Paved customer parking accommodates 8 vehicles. A 95' x 54' overflow lot to the west is currently leased to a restaurant across the highway.
Key Highlights
- 3,677‑square‑foot retail building with two units
- Built in 1952; single‑story configuration
- Beach & Camp Stop General Store sells beachwear and camping goods and rents bikes, sea kayaks, and paddleboards
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$71,853
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,437,060
$1.4M
Cap Rate 7%
$1,026,471
$1.0M
Cap Rate 9%
$798,367
$798.4K
Market Conditions
NOI Build-Up for 3,677 SF
Gross rent
$99.3K $27.00/SF
− Vacancy
−$3.5K −$0.95/SF
EGI
$95.8K $26.06/SF
− OpEx
−$24.0K −$6.51/SF
NOI
$71.9K $19.54/SF
Area
Porter County, IN
Vacancy
3.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,437,060
Cap Rate 7%
$1,026,471
Cap Rate 9%
$798,367
Alternative Uses
Best Use
Specialty Retail
$1.03M
$898.2K – $1.20M
NOI $71,853 @ 7.0% cap · market cap 7.56%
Second Best
Retail
$739.7K
$647.3K – $863.0K
NOI $51,782 @ 7.0% cap · market cap 5.45%
Theoretical Best
Healthcare Medical
$1.39M
$1.22M – $1.63M
NOI $97,553 @ 7.0% cap · market cap 10.27%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
60
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46301, IN
580
Population
510
Households
1.1
Avg Household Size
63
Median Age
72%
College-Educated
99%
High-School Grad
4.4 sq mi
ZIP Area
132
Density / Sq Mi
$118,750
Median Household Income
$71,944
Median Earnings
$581,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - A general store and a separate wine retailer occupy the building, with customer parking on site.
Where is this storefront property located?
The property is located at 2 W Dunes Highway Beverly Shores, IN.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 3,677‑square‑foot retail building with two units; Built in 1952; single‑story configuration; Beach & Camp Stop General Store sells beachwear and camping goods and rents bikes, sea kayaks, and paddleboards
