Commercial Flex Building with Freight
700 Broadway Chesterton, IN 46304
700 Broadway, Chesterton, IN, 46304
$1,339,000
For Sale
$1,339,000
Fully sprinkled flex building with a freight lift to the second floor and 36 parking spaces.
Property Size20,528 SF
Price / SF$65.23
Days on Market112
Property Features for 700 Broadway
General Information
- Standard status
- Active
- Size
- 20,528 SF
Listing agency
RE/MAX Lifestyles
(219) 928-8437
Listed by
Jay Gottleber
(219) 928-8437
Source
Exprealty
Added: Apr 3 Updated: Jul 23 at 1:45AM Checked: Jul 23 at 1:45AM
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 RE/MAX Lifestyles
Investment Insights
Based on property information with market context.
This commercial flex building offers approximately 20,528 square feet of adaptable space and is fully sprinkled. The property includes two staircases and a freight lift to the second floor, supporting a flexible mix of operational needs. Additional onsite systems and infrastructure include Netnitco fiber, cameras, over 95% LED lighting, and a 400-amp three-phase incoming power supply.
Located on Broadway in Chesterton, Indiana, the building sits on a high-visibility east-west corridor through the heart of the community. Zoning is B-2.
Parking totals 36 spaces, including 24 on a private lot and 12 on street, providing convenient customer and employee access for a range of commercial uses.
Located on Broadway in Chesterton, Indiana, the building sits on a high-visibility east-west corridor through the heart of the community. Zoning is B-2.
Parking totals 36 spaces, including 24 on a private lot and 12 on street, providing convenient customer and employee access for a range of commercial uses.
Key Highlights
- 20,528 SF fully sprinkled commercial flex building on Broadway in Chesterton, IN, zoned B‑2
- Supports a range of commercial uses including retail, office, flex, showroom, and storage
- 36 parking spaces total: 24 on a private lot and 12 on street
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $204.5k | $9.96 |
| − Vacancy | −$16.8k | −$0.82 |
| EGI | $187.7k | $9.14 |
| − OpEx | −$65.7k | −$3.20 |
| NOI | $122.0k | $5.94 |
20,528 SF · lease $9.96/SF/yr · vacancy 8.21% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.74M
$1.52M – $2.03M
NOI $121,987 @ 7.0% cap · market cap 9.11%
Second Best
Warehouse
$1.41M
$1.24M – $1.65M
NOI $99,050 @ 7.0% cap · market cap 7.40%
Theoretical Best
Healthcare Medical
$7.78M
$6.81M – $9.08M
NOI $544,619 @ 7.0% cap · market cap 40.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Carm's Delights — 25 Washington Ave, Chesterton, IN 46304
FAQs
What type of property is this?
Flex space - Fully sprinkled flex building with a freight lift to the second floor and 36 parking spaces.
Where is this flex space located?
The property is located at 700 Broadway Chesterton, IN.
What is the asking price?
The asking price for this property is $1,339,000.
What are key features of this property?
This property features: 20,528 SF fully sprinkled commercial flex building on Broadway in Chesterton, IN, zoned B‑2; Supports a range of commercial uses including retail, office, flex, showroom, and storage; 36 parking spaces total: 24 on a private lot and 12 on street
