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Professional Office Suite
For Lease
$500/Mo

206 E 5th Street, Fowler, IN 47944

Commercial Lease, Fowler, IN

Space SizeContact for details
Lot Size0.26 Acres
Days on Market123

Property Features for 206 E 5th Street

General Information

Property type Commercial Lease
Property subtype Other
Rooms Basement
Basement Unfinished
Directions SR-55 towards Fowler, turn East onto E 5th Street, property is located on the right side.
Standard status Active
Size 979 SF
Lot size 0.26 Acres

Taxes and HOA fees

Tax Year 2024
Tax Description OP LOT 408 N 22X109 1/3 OP LOTS 409-410-411 22X132 EACH
Tax Annual Amount 5548
Legal Description OP LOT 408 N 22X109 1/3 OP LOTS 409-410-411 22X132 EACH

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Forced Air
Water source Public

Building Details

Year built 1900
Listing Agency: RE/MAX Executives · RE/MAX International
Listed By: Anissa Gamino
Added: Apr 28 Changed: Aug 19 Last Checked: Aug 28 at 6:06PM
MLS# 837905

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.

Investment Insights

Based on property information with market context.

This 979-square-foot office unit provides a practical layout for day-to-day business use, with three private offices, a client waiting area, and space that can accommodate a reception function. A private restroom is included within the suite.

The lease structure includes landlord responsibility for property taxes and exterior maintenance. Reasonable tenant-requested modifications may also be discussed. The property, built in 1900, is served by public water and public sewer and uses natural gas forced-air heating.

Key Highlights

  • 979 square feet of office space
  • Three private offices plus a client waiting area
  • Space for a reception function and a private restroom

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Real Estate Agency HVAC Service Dental Office Auto Parts Store Hair Salon Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$0.92 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

208
Businesses Nearby

Demographics for 47944, IN

3,561
Population
1,597
Households
2.2
Avg Household Size
42
Median Age
19%
College-Educated
89%
High-School Grad
188.9 sq mi
ZIP Area
19
Density / Sq Mi
$53,563
Median Household Income
$41,106
Median Earnings
$883
Median Rent
$129,900
Median Home Value

Market

Lease Benchmarks for Fowler, IN

$6.8 /SF/Yr
Avg Asking Price
$6.13–$7.37 /SF/Yr
Price Range
887 SF
Avg Space Size

This space is priced 10% below the average of $6.8 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Office units - Three private offices, a client waiting area, and a dedicated restroom support daily business operations.
Where is this office units located?
The property is located at 206 E 5th Street Fowler, IN.
What is the lease rate?
The lease rate is $500/Mo.
What are key features of this property?
This property features: 979 square feet of office space; Three private offices plus a client waiting area; Space for a reception function and a private restroom
More about this property
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