Office Unit for
For Sale
Contact for pricing
425 Joliet St, Dyer, IN 46311
For sale, office unit 320 offering 2,381 USF of space with 2,548 RSF.
Property Size2,381 SF
Price / SF$220
Days on Market593
Property Features for 425 Joliet St
General Information
Standard status
Active
Size
2,381 SF
Property subtype
OFFICE
Listing Agency:
Commercial In-Sites, LLC
Listed By:
David A Lasser
(219) 795-1100
Source:
Moodyscre
Added: Mar 15, 2025
Changed: Oct 25
Last Checked: Oct 26 at 2:36PM
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
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Investment Insights
Based on property information with market context.
This listing presents office unit 320 for sale, totaling 2,381 USF and 2,548 RSF.
Located at 425 Joliet St in Dyer, Indiana, the unit is part of a larger office property setup.
The available information identifies the unit number and the offered area measurements, providing a straightforward basis for evaluating fit and space planning.
Located at 425 Joliet St in Dyer, Indiana, the unit is part of a larger office property setup.
The available information identifies the unit number and the offered area measurements, providing a straightforward basis for evaluating fit and space planning.
Key Highlights
- Office unit 320 available for sale
- 2,381 USF office space
- 2,548 RSF for unit 320
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,202
Cap Rate
5.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$604,040
$604.0K
Cap Rate 7%
$431,457
$431.5K
Cap Rate 9%
$335,578
$335.6K
Market Conditions
NOI Build-Up for 2,381 SF
Gross rent
$51.4K $21.60/SF
− Vacancy
−$11.2K −$4.69/SF
EGI
$40.3K $16.91/SF
− OpEx
−$10.1K −$4.23/SF
NOI
$30.2K $12.68/SF
Area
Lake County, IN
Vacancy
21.70%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$604,040
Cap Rate 7%
$431,457
Cap Rate 9%
$335,578
Alternative Uses
Best Use
Office B
$431.5K
$377.5K – $503.4K
NOI $30,202 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$664.7K
$581.6K – $775.5K
NOI $46,528 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
857
Businesses Nearby
Explore this area
Business Placement
Demographics for 46311, IN
22,431
Population
9,128
Households
2.5
Avg Household Size
43
Median Age
37%
College-Educated
96%
High-School Grad
12.6 sq mi
ZIP Area
1,780
Density / Sq Mi
$109,167
Median Household Income
$58,332
Median Earnings
$1,221
Median Rent
$300,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - For sale, office unit 320 offering 2,381 USF of space with 2,548 RSF.
Where is this office unit located?
The property is located at 425 Joliet St Dyer, IN.
What is the asking price?
The asking price for this property is $523,820.
What are key features of this property?
This property features: Office unit 320 available for sale; 2,381 USF office space; 2,548 RSF for unit 320
