Industrial Property with Gated
For Sale
$1,750,000
4707 Euclid Ave, East Chicago, IN 46312
A dedicated office component complements the warehouse space, with conference rooms, a kitchen, and bathroom facilities.
Property Size19,040 SF
Price / SF$91.91
Days on Market14
Property Features for 4707 Euclid Ave
General Information
Standard status
Active
Size
19,040 SF
Property subtype
Commercial
Zoning
Light Manufacturing and Assembly
Site & Location
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Amenities
private offices
conference rooms
full kitchen
bathroom facilities
Building Details
Year Built
1939
Listing Agency:
Double Diamond Real Estate LLC
Listed By:
Jennifer Ward · License #471012379
(219) 406-1458
Source:
Jason.northwestindianahomelistings
Added: Oct 5
Changed: Oct 16
Last Checked: Oct 16 at 9:20AM
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 Double Diamond Real Estate LLC
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Investment Insights
Based on property information with market context.
This industrial property contains 19,040 square feet across four parcel numbers and addresses. Interior features include private offices, conference rooms, a kitchen, and bathroom facilities. Overhead drive-in doors provide access between the building and its exterior storage area, which is fenced and gated. The property also offers indoor and outdoor storage capacity, along with space for commercial parking, equipment, vehicles, or inventory.
Situated on a corner lot of nearly one-half acre at a high-traffic intersection, the site has access to major highways. Its zoning is Light Manufacturing and Assembly.
Situated on a corner lot of nearly one-half acre at a high-traffic intersection, the site has access to major highways. Its zoning is Light Manufacturing and Assembly.
Key Highlights
- 19,040 square feet of industrial space across four parcel numbers and addresses
- Light Manufacturing and Assembly zoning
- Fenced, gated outdoor yard with additional indoor storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$134,130
Cap Rate
7.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,682,600
$2.7M
Cap Rate 7%
$1,916,143
$1.9M
Cap Rate 9%
$1,490,333
$1.5M
Market Conditions
NOI Build-Up for 19,040 SF
Gross rent
$166.8K $8.76/SF
− Vacancy
−$9.0K −$0.47/SF
EGI
$157.8K $8.29/SF
− OpEx
−$23.7K −$1.24/SF
NOI
$134.1K $7.04/SF
Area
Lake County, IN
Vacancy
5.39%
Lease Rate
$8.76 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,682,600
Cap Rate 7%
$1,916,143
Cap Rate 9%
$1,490,333
Alternative Uses
Best Use
Warehouse
$1.92M
$1.68M – $2.24M
NOI $134,130 @ 7.0% cap · market cap 7.66%
Second Best
Industrial
$1.58M
$1.38M – $1.84M
NOI $110,460 @ 7.0% cap · market cap 6.31%
Theoretical Best
Specialty Retail
$5.32M
$4.65M – $6.20M
NOI $372,065 @ 7.0% cap · market cap 21.26%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
556
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Industrial property - A dedicated office component complements the warehouse space, with conference rooms, a kitchen, and bathroom facilities.
Where is this industrial property located?
The property is located at 4707 Euclid Ave East Chicago, IN.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 19,040 square feet of industrial space across four parcel numbers and addresses; Light Manufacturing and Assembly zoning; Fenced, gated outdoor yard with additional indoor storage
