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Calumet City Warehouse with Office

140 State St Calumet City, IN 60409

140 State St, Calumet City, IN, 60409

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For Sale

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8,160 SF warehouse with 2,160 SF office space.

Property Size8,160 SF

Price / SF$119.49

AddedMar 26

Days on Market111

Last RefreshMay 13 at 8:13 pm

Property Features for 140 State St

General Information

Standard status: Active
Size: 8,160 SF
Property subtype: Industrial

Listing office Commercial In-Sites LLC

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 LLC

Investment Insights

Based on property information with market context.

This 8,160 square foot property features a warehouse and office space. The 2,160 square foot office area includes three offices, a conference room, an open reception area, and a bathroom. The 6,000 square foot warehouse is equipped with two Reznor suspended gas heaters, a slot floor drain, and three ceiling fans. Transom windows are present. The property includes one 10'x14' drive-in door and one dock with a 10'x14' overhead door with a canopy leveler and sump pump. Electrical service is 400 amp, 120/240. A forklift is available for sale. The property has adequate land area to add parking or fenced storage. Located in Calumet City on State Street between Wentworth Avenue and Indiana State Line Road, the property is situated approximately 1/4 mile west of the Indiana/Illinois state line, 1 mile west of US Highway 41, 1 1/2 miles south of I-94, 3 miles north of the Indiana Toll Road, and 8 miles north of U.S. Highway 30. Nearby businesses and landmarks include ALTA Material Handling, Hasse Construction, Linz Meats, Calumet City Public Safety Training Center, Strack and Van Til, and Wendy's. The 2022 INDOT traffic count was 8,000 cars per day. The 2023 taxes were $10,959.75 ($1.34/SF).

Key Highlights

8,160 SF warehouse with 2,160 SF office space featuring 3 offices, conference room, and reception area.
Convenient location with easy access to major highways (I‑94, US Highway 41, Indiana Toll Road) and proximity to the Indiana/Illinois state line.
Functional warehouse features include 1 drive‑in door (10'x14'), 1 dock with 10'x14' OHD with canopy leveler, slot floor drain, and 2 Reznor suspended gas heaters.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$117.5k	$14.40
− Vacancy	−$18.8k	−$2.30
EGI	$98.7k	$12.10
− OpEx	−$24.7k	−$3.02
NOI	$74.0k	$9.07

8,160 SF · lease $14.40/SF/yr · vacancy 16.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.06M

$925.4K – $1.23M (±1% cap)

NOI $74,028 @ 7.0% cap · market cap 7.59%

Second Best

Warehouse

$790.7K

$691.9K – $922.5K (±1% cap)

NOI $55,349 @ 7.0% cap · market cap 5.68%

Theoretical Best

Office A

$1.44M

$1.26M – $1.68M (±1% cap)

NOI $101,053 @ 7.0% cap · market cap 10.36%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Advance Products Inc Industrial Manufacturer

Suggested Use

For sale
Warehouses
IN
Highland
60409
3445 Ridge Road

What type of property is this?

Warehouse - 8,160 SF warehouse with 2,160 SF office space.

Where is this warehouse located?

The property is located at 140 State St Calumet City, IN.

What is the asking price?

The asking price for this property is $975,000.

What are key features of this property?

This property features: 8,160 SF warehouse with 2,160 SF office space featuring 3 offices, conference room, and reception area.; Convenient location with easy access to major highways (I‑94, US Highway 41, Indiana Toll Road) and proximity to the Indiana/Illinois state line.; Functional warehouse features include 1 drive‑in door (10'x14'), 1 dock with 10'x14' OHD with canopy leveler, slot floor drain, and 2 Reznor suspended gas heaters.