Dyer Galleria Condo For
275 Joliet St, Dyer, IN 46311
4,860 SF Class A condo in Dyer Galleria.
Type:Office
Property size:
4,860 SFPrice / SF:
$226/SF- Added:
- Mar 26, 2026
- Days on Market:
- 103
- Last Refresh:
- Jul 4 at 10:36 am
Property Features for 275 Joliet St
General Information
- Standard status
- Active
- Size
- 4,860 SF
- Property subtype
- Office
Listing office COMMERCIAL IN-SITES
Listing date Mar 26, 2026
Source Crexi
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 COMMERCIAL IN-SITES
HighLights
- High‑traffic location with excellent visibility (31,634 cars daily).
- Spacious 4,860 SF Class A condo suitable for various business needs.
- Ample parking with a 125‑car capacity, recently seal coated.
- Includes 10 exam rooms, 2 lab rooms, 2 reception areas, and a private office.
- Convenient access to major transportation routes (US 30, I‑394) and proximity to Illinois border.
- Building amenities include elevator, sprinkler system, and common area restrooms.
Overview
This 4,860 SF condo is located on the second floor of a three-story building within the Galleria in Dyer. The interior includes 2 reception areas with seating, 10 exam rooms, 1 private office, 3 private bathrooms, 2 lab rooms, 2 consultation rooms, and an employee lounge. The property is part of a Class A mixed-use, multi-tenant business development consisting of two buildings. The building features a sprinkler system, an elevator, and common area restrooms on each floor. A recently seal-coated parking lot accommodates 125 cars. The property benefits from excellent visibility, with a 2024 traffic count of 31,634 cars daily. A new rooftop HVAC unit was installed in 2017. Situated on the north side of Joliet Street (US 30), the property is 2 blocks east of the Illinois border and 4 miles east of I-394. It is in close proximity to Dyer Town Hall, Dyer Police Station, Franciscan St. Margaret's Hospital, Copart Auto Auction, White Rhino, Subway, a Jewel/Osco anchored shopping center, Starbucks, Chili's, and McDonald's, along with numerous other restaurants, banks, and stores. The property is suitable for office and medical office space.
Local Financial Insights For Healthcare Medical
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 | $126.0k | $25.92 |
| − Vacancy | −$12.6k | −$2.59 |
| EGI | $113.4k | $23.33 |
| − OpEx | −$45.3k | −$9.33 |
| NOI | $68.0k | $14.00 |
4,860 SF · lease $25.92/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$971.8K
$850.3K – $1.13M
NOI $68,024 @ 7.0% cap · market cap 6.18%
Second Best
Office B
$880.7K
$770.6K – $1.03M
NOI $61,647 @ 7.0% cap · market cap 5.60%
Theoretical Best
Specialty Retail
$1.36M
$1.19M – $1.58M
NOI $94,970 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Linda V Spencer
Physician
Den Asian Bistro
Restaurant
Jennifer Dudak
Physician
Nick Blickenstaff, MD
Physician
Michael Gideon
Dental Office
Location Insight
- Map
- Local Demand
- City
- Dyer
- County
- Lake
- State
- Indiana
- Longitude
- -87.5176053
- Latitude
- 41.4939791
Nearby Similar for Sale
FAQs
What type of property is this?
Office units - 4,860 SF Class A condo in Dyer Galleria.
Where is this office units located?
The property is located at 275 Joliet St Dyer, IN.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: High‑traffic location with excellent visibility (31,634 cars daily).; Spacious 4,860 SF Class A condo suitable for various business needs.; Ample parking with a 125‑car capacity, recently seal coated.
