Professional Office Space For
2636 45th St Highland, IN 46322
For Sale
$199,900
Office space with full basement and excellent street exposure.
Property Size1,032 SF
Lot Size0.49 Acres
Price / SF$193.70
Days on Market183
Property Features for 2636 45th St
General Information
Standard status
Active
Size
1,032 SF
Lot size
0.49 Acres
Listing Agency:
Century 21 Circle
(219) 256-4437
Listed By:
Richard Wolf · License #RB14039029
(219) 256-4437
Source:
Exprealty
Added: Jan 26
Changed: Jul 10
Last Checked: Jul 26 at 4:04PM
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 Century 21 Circle
Investment Insights
Based on property information with market context.
This professional office space is suitable for a contractor or sole practitioner. The property features approximately 1,032 square feet of space and includes a full basement, providing room for work and storage. Located on 45th Street, the property benefits from high visibility, facilitating easy access for clients and customers. This office space offers a practical workspace with good exposure.
Key Highlights
- Excellent exposure on 45th Street for high visibility.
- Approximately 1,032 square feet of professional office space.
- Full basement provides ample storage.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $14.9k | $14.40 |
| − Vacancy | −$2.4k | −$2.30 |
| EGI | $12.5k | $12.10 |
| − OpEx | −$3.1k | −$3.02 |
| NOI | $9.4k | $9.07 |
1,032 SF · lease $14.40/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$133.7K
$117.0K – $156.0K
NOI $9,362 @ 7.0% cap · market cap 4.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$182.6K
$159.8K – $213.0K
NOI $12,780 @ 7.0% cap · market cap 6.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Office space with full basement and excellent street exposure.
Where is this office units located?
The property is located at 2636 45th St Highland, IN.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Excellent exposure on 45th Street for **high visibility**.; Approximately 1,032 square feet of professional office space.; Full basement provides ample storage.
