Mixed-Use Property with
New
For Sale
$399,999
4202 Euclid Ave, East Chicago, IN 46312
Commercial laundry space and a rental apartment combine within a property with updated mechanical systems.
Property Size2,594 SF
Price / SF$154.20
Days on Market7
Property Features for 4202 Euclid Ave
General Information
Standard status
Active
Size
2,594 SF
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$2,769
Listing Agency:
McColly Real Estate
(219) 322-5508
Listed By:
Michael Becze · License #RB22000047
(219) 378-8308
Source:
Exprealty
Added: Sep 29
Changed: Oct 3
Last Checked: Oct 4 at 12:58PM
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 McColly Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property at 4202-4204 Euclid Avenue in East Chicago contains a laundromat and a rental apartment, with 2,594 square feet of property size. The laundry equipment has been refurbished, and the mechanical systems have been replaced. The commercial and residential components provide two distinct spaces within one property.
Key Highlights
- 2,594 square feet of property size
- Laundromat equipment has been refurbished
- Mechanical systems have been replaced
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,681
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$513,620
$513.6K
Cap Rate 7%
$366,871
$366.9K
Cap Rate 9%
$285,344
$285.3K
Market Conditions
NOI Build-Up for 2,594 SF
Gross rent
$46.7K $18.00/SF
− Vacancy
−$5.6K −$2.16/SF
EGI
$41.1K $15.84/SF
− OpEx
−$15.4K −$5.94/SF
NOI
$25.7K $9.90/SF
Area
Lake County, IN
Vacancy
12.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$513,620
Cap Rate 7%
$366,871
Cap Rate 9%
$285,344
Alternative Uses
Best Use
Mixed Use
$366.9K
$321.0K – $428.0K
NOI $25,681 @ 7.0% cap · market cap 6.42%
Second Best
Retail
$357.1K
$312.5K – $416.6K
NOI $24,997 @ 7.0% cap · market cap 6.25%
Theoretical Best
Specialty Retail
$724.1K
$633.6K – $844.8K
NOI $50,690 @ 7.0% cap · market cap 12.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
830
Businesses Nearby
44k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 80%
Shops & Services 20%
McDonald's
Dining
17,983 visits/mo
0.3 miles
Wendy's
Dining
10,436 visits/mo
0.5 miles
Family Dollar
Shops & Services
8,837 visits/mo
0.5 miles
Dunkin' Donuts
Dining
7,099 visits/mo
0.2 miles
Demographics for 46312, IN
26,370
Population
12,429
Households
2.1
Avg Household Size
33
Median Age
10%
College-Educated
74%
High-School Grad
14.0 sq mi
ZIP Area
1,884
Density / Sq Mi
$41,071
Median Household Income
$32,930
Median Earnings
$820
Median Rent
$92,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial laundry space and a rental apartment combine within a property with updated mechanical systems.
Where is this mixed-use property located?
The property is located at 4202 Euclid Ave East Chicago, IN.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: 2,594 square feet of property size; Laundromat equipment has been refurbished; Mechanical systems have been replaced
