Flex Property with Gated
New
For Sale
$1,750,000
4707 Euclid Avenue, East Chicago, IN 46312
Commercial Sale, East Chicago, IN
Property Size19,040 SF
Lot Size0.43 Acres
Price / SF$91.91
Days on Market1
Property Features for 4707 Euclid Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Rooms
Basement
Parking
15
Parking features
Alley, Oversize, Off Street, On Street
Interior features
Eat-in Kitchen, High Ceilings
Exterior features
Storage
Basement
Unfinished
Subdivision
Calumet Add
Lot features
Corner Lot
View
City
Directions
Merge onto I-80 W / I-94 W / US-6 W toward Chicago. Take Exit 7A for Cline Ave / US-12 E Follow Chicago Ave west into East Chicago. Turn onto Euclid Ave to property
Standard status
Active
APN
450328431010000024
Size
19,040 SF
Lot size
0.43 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
CALUMET ADD. L.12 BL.15
Tax Annual Amount
900
Legal Description
CALUMET ADD. L.12 BL.15
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Amenities
private offices
conference rooms
full kitchen
bathroom facilities
Building Details
Year built
1939
Additional Structures
Storage
Listing Agency:
Double Diamond Real Estate LLC
(219) 462-6900
Listed By:
Jennifer Ward · License #471012379
(219) 406-1458
Added: Oct 10
Last Checked: Oct 10 at 10:06PM
MLS# 846680
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.
This 19,040-square-foot flex property was built in 1939 and sits on 0.43 acres. Interior features include warehouse space, several private offices, conference rooms, a kitchen, bathrooms, and high ceilings. Overhead drive-in doors provide direct access between the building and its exterior area, which is fenced and gated for storage or parking. The property also has a basement.
The site is positioned on a corner described as a high-traffic intersection, with access to major highways. The property comprises four parcel numbers and addresses and is zoned Light Manufacturing and Assembly.
The site is positioned on a corner described as a high-traffic intersection, with access to major highways. The property comprises four parcel numbers and addresses and is zoned Light Manufacturing and Assembly.
Key Highlights
- 19,040 square feet of flex space on 0.43 acres
- Zoned Light Manufacturing and Assembly
- Fenced, gated yard with indoor and outdoor storage capacity
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.
Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
556
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - A fenced exterior area complements warehouse space, private offices, meeting rooms, and an on-site kitchen.
Where is this flex space located?
The property is located at 4707 Euclid Avenue 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 flex space on 0.43 acres; Zoned Light Manufacturing and Assembly; Fenced, gated yard with indoor and outdoor storage capacity
