Professional Office Space For
For Sale
$190,000
2636 45th St, Highland, IN 46322
Office space with full basement and excellent street exposure.
Property Size1,000 SF
Price / SF$190
Days on Market283
Property Features for 2636 45th St
General Information
Standard status
Active
Size
1,000 SF
Building Details
Year Built
1954
Listing Agency:
Century 21 Circle
Listed By:
Richard Wolf · License #RB14039029
(219) 256-4437
Source:
Realtopiare
Added: Jan 26
Changed: Oct 25
Last Checked: Oct 7 at 5:32PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$12,685
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,700
$253.7K
Cap Rate 7%
$181,214
$181.2K
Cap Rate 9%
$140,944
$140.9K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$21.6K $21.60/SF
− Vacancy
−$4.7K −$4.69/SF
EGI
$16.9K $16.91/SF
− OpEx
−$4.2K −$4.23/SF
NOI
$12.7K $12.68/SF
Area
Lake County, IN
Vacancy
21.70%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$253,700
Cap Rate 7%
$181,214
Cap Rate 9%
$140,944
Alternative Uses
Best Use
Office B
$181.2K
$158.6K – $211.4K
NOI $12,685 @ 7.0% cap · market cap 6.68%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$279.2K
$244.3K – $325.7K
NOI $19,541 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
475
Businesses Nearby
Explore this area
Business Placement
Demographics for 46322, IN
23,984
Population
10,791
Households
2.2
Avg Household Size
43
Median Age
30%
College-Educated
93%
High-School Grad
6.9 sq mi
ZIP Area
3,476
Density / Sq Mi
$76,219
Median Household Income
$47,458
Median Earnings
$1,202
Median Rent
$219,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Office space with full basement and excellent street exposure.
Where is this office unit located?
The property is located at 2636 45th St Highland, IN.
What is the asking price?
The asking price for this property is $190,000.
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.
