3447 45th Street Highland, IN 46322
Mixed-use property featuring commercial space, residence, and liquor license.
- Added:
- Jan 31, 2026
- Days on Market:
- 162
- Last Refresh:
- Jul 5 at 12:27 am
Property Features for 3447 45th Street
General Information
- Standard status
- Active
- Size
- 5,374 SF
- Property subtype
- Mixed Use, Retail, Office
Building Details
- Year Built
- 1967
Listing office McColly Bennett Commercial Advantage
Listing date Jan 31, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of McColly Bennett Commercial Advantage
Investment Insights
Based on property information with market context.
Key Highlights
- Includes a liquor license.
- Versatile property suitable for owner‑operators or investors.
- Combines commercial and residential spaces: former bar and garage with a 3‑bedroom, 3‑bath residence.
Local 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 | $77.4k | $14.40 |
| − Vacancy | −$12.4k | −$2.30 |
| EGI | $65.0k | $12.10 |
| − OpEx | −$16.3k | −$3.02 |
| NOI | $48.8k | $9.07 |
