Mixed-Use Building with
For Sale
$399,999
4202 Euclid Avenue, East Chicago, IN 46312
Commercial Sale, East Chicago, IN
Property Size2,594 SF
Lot Size0.07 Acres
Price / SF$154.20
Days on Market12
Property Features for 4202 Euclid Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
5
Subdivision
Park Add
Directions
Property is at Euclid Avenue and 142nd Street in East Chicago. Use 4202 Euclid Avenue, East Chicago, IN 46312 for GPS.
Standard status
Active
APN
450328231018000024
Size
2,594 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
PARK ADD. INDIANA HARBOR ALL L.41 BL.16
Tax Annual Amount
2769
Legal Description
PARK ADD. INDIANA HARBOR ALL L.41 BL.16
Utilities
Sewer type
Public Sewer
Heating system
Central
Water source
Public
Building Details
Year built
1928
Listing Agency:
McColly Real Estate
(219) 322-5508
Listed By:
Michael Becze · License #RB22000047
(219) 378-8308
Added: Sep 29
Changed: Oct 1
Last Checked: Oct 10 at 9:06PM
MLS# 846145
Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
At 4202 Euclid Avenue in East Chicago, this 2,594-square-foot mixed-use property combines a laundromat with a rental apartment. The laundry space has been remodeled, its equipment refurbished, and the building’s mechanical systems replaced. The property was built in 1928 and sits on a 0.066-acre lot.
Central heating serves the building, with public water and public sewer.
Central heating serves the building, with public water and public sewer.
Key Highlights
- 2,594‑square‑foot mixed‑use building with a laundromat and rental apartment
- Laundromat equipment has been refurbished
- Building 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 - A rental apartment is paired with a laundry business in this East Chicago property.
Where is this mixed-use property located?
The property is located at 4202 Euclid Avenue 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‑foot mixed‑use building with a laundromat and rental apartment; Laundromat equipment has been refurbished; Building mechanical systems have been replaced
