Office Building with Open
For Sale
$650,000
201 Koomler Drive, La Porte, IN 46350
Commercial Sale, La Porte, IN
Property Size3,398 SF
Lot Size0.90 Acres
Price / SF$191.29
Days on Market88
Property Features for 201 Koomler Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
16
Parking features
Driveway, Off Street
Security features
Security Lighting
Interior features
Entrance Foyer, Recessed Lighting, Open Floorplan, Laminate Counters, High Ceilings
Exterior features
Lighting, Rain Gutters
Appliances
Microwave, Refrigerator
Lot features
Corner Lot, Rectangular Lot, Paved, Landscaped, Few Trees
View
City
Directions
Severs Rd to Genesis Dr south on Genesis to Koomler Dr
Standard status
Active
APN
460625200016000043
Size
3,398 SF
Lot size
0.90 Acres
Additional Details
Property Use
Office
Condition
Move-in Ready
Taxes and HOA fees
Tax Year
2024
Tax Description
05-06-25-200-016 PCE 156 X 250 FT CMG 229.26 FT W OF NE COR OF WHIRLPOOL DR & KOOMLER DR S25 T37 R3 - .90 A
Tax Annual Amount
5874
Legal Description
05-06-25-200-016 PCE 156 X 250 FT CMG 229.26 FT W OF NE COR OF WHIRLPOOL DR & KOOMLER DR S25 T37 R3 - .90 A
Utilities
Sewer type
Public Sewer
Heating system
Central
Water source
Public
Building Details
Year built
1991
Listing Agency:
Coldwell Banker 1st Choice · Coldwell Banker Real Estate
(219) 324-2121
Listed By:
Jay Tenuta
(219) 393-9163
Added: Aug 3
Changed: Oct 25
Last Checked: Oct 29 at 2:06AM
MLS# 843308
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 3,398-square-foot office building on a 0.9-acre parcel was constructed in 1991 and previously served as a financial institution. The interior includes an open floorplan, entrance foyer, high ceilings, recessed lighting, laminate counters, central heating, a microwave, and a refrigerator. Public water and public sewer serve the property, while exterior improvements include lighting and rain gutters.
Located at 201 Koomler Drive in La Porte, the property sits within an established commercial and industrial corridor. Driveway and off-street parking are provided. Its configuration supports professional office environments, with the source information specifically identifying potential fit for banking, medical or dental practices, engineering, insurance, legal, accounting, corporate, educational, and training uses.
Located at 201 Koomler Drive in La Porte, the property sits within an established commercial and industrial corridor. Driveway and off-street parking are provided. Its configuration supports professional office environments, with the source information specifically identifying potential fit for banking, medical or dental practices, engineering, insurance, legal, accounting, corporate, educational, and training uses.
Key Highlights
- 3,398‑square‑foot office building on 0.9 acres
- Constructed in 1991; previously occupied by a financial institution
- Open floorplan with entrance foyer and high ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,711
Cap Rate
5.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,220
$694.2K
Cap Rate 7%
$495,871
$495.9K
Cap Rate 9%
$385,678
$385.7K
Market Conditions
NOI Build-Up for 3,398 SF
Gross rent
$51.0K $15.00/SF
− Vacancy
−$4.7K −$1.38/SF
EGI
$46.3K $13.62/SF
− OpEx
−$11.6K −$3.41/SF
NOI
$34.7K $10.22/SF
Area
LaPorte County, IN
Vacancy
9.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$694,220
Cap Rate 7%
$495,871
Cap Rate 9%
$385,678
Alternative Uses
Best Use
Office B
$495.9K
$433.9K – $578.5K
NOI $34,711 @ 7.0% cap · market cap 5.34%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$944.7K
$826.6K – $1.10M
NOI $66,126 @ 7.0% cap · market cap 10.17%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
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Business Placement
Demographics for 46350, IN
44,522
Population
19,576
Households
2.3
Avg Household Size
42
Median Age
24%
College-Educated
92%
High-School Grad
193.5 sq mi
ZIP Area
230
Density / Sq Mi
$75,311
Median Household Income
$44,309
Median Earnings
$920
Median Rent
$199,800
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Adaptable professional office property with on-site parking and established commercial surroundings in La Porte.
Where is this office building located?
The property is located at 201 Koomler Drive La Porte, IN.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 3,398‑square‑foot office building on 0.9 acres; Constructed in 1991; previously occupied by a financial institution; Open floorplan with entrance foyer and high ceilings
