Flex Space with
For Sale
$595,000
754 S Forrester Road, La Porte, IN 46350
Commercial Sale, La Porte, IN
Property Size11,300 SF
Lot Size2.10 Acres
Price / SF$52.65
Days on Market163
Property Features for 754 S Forrester Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Agriculture
Parking
6
Parking features
Driveway, Off Street, Garage
Interior features
Ceiling Fan(s), Open Floorplan, Kitchen Island
Exterior features
Storage
Appliances
Microwave, Refrigerator, Range
Lot features
Few Trees, Rectangular Lot, Landscaped, Front Yard
Elementary school district
La Porte
Middle school district
La Porte
High school district
La Porte
Directions
Hwy 2 west to 100 S north to Forrester to property.
Standard status
Active
APN
461006300021000060
Size
11,300 SF
Lot size
2.10 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Legal Description: 62-10-06-300-021 PCE SE PT NW 1/4 SW 1/4 S6 T36 R3 2.10 AC
Tax Annual Amount
1835
Legal Description
Legal Description: 62-10-06-300-021 PCE SE PT NW 1/4 SW 1/4 S6 T36 R3 2.10 AC
Utilities
Sewer type
Septic Tank
Heating system
Natural Gas, Forced Air
Water source
Well
Building Details
Year built
1986
Additional Structures
Storage
Listing Agency:
Coldwell Banker 1st Choice · Coldwell Banker Real Estate
(219) 324-2121
Listed By:
Rita Beaty · License #RB14017732
(219) 575-2534
Added: Apr 27
Changed: Sep 13
Last Checked: Oct 6 at 12:06PM
MLS# 840725
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 custom-built flex property in La Porte, Indiana, sits on 2.1 acres and provides 11,300 square feet of total space. The improvements include a 9,200-square-foot shop area with adaptable open, retail, recreation, storage, and workshop areas. Within that footprint, the 5,200-square-foot workshop has two overhead doors, four service doors, concrete floors measuring 4–6 inches thick, floor drains, insulated walls, steel doors, and ceiling heights ranging from 10 1/2 to 14 feet. A 50-foot-wide clear span supports a range of layouts.
The property includes 320-amp service and a 100-horsepower three-phase converter, along with four furnaces and three air-conditioning units. Additional features include storage areas, a covered 14-by-50-foot porch, a garage, driveway, off-street parking, well water, and a septic system. The personal living area totals 2,000 square feet and contains two bedrooms, two full baths, a kitchen, dining and living areas, main-floor laundry, and a masonry wood-burning fireplace. Built in 1986, the property also offers a refrigerator, range, microwave, kitchen island, and open floor plan.
The property includes 320-amp service and a 100-horsepower three-phase converter, along with four furnaces and three air-conditioning units. Additional features include storage areas, a covered 14-by-50-foot porch, a garage, driveway, off-street parking, well water, and a septic system. The personal living area totals 2,000 square feet and contains two bedrooms, two full baths, a kitchen, dining and living areas, main-floor laundry, and a masonry wood-burning fireplace. Built in 1986, the property also offers a refrigerator, range, microwave, kitchen island, and open floor plan.
Key Highlights
- 11,300‑square‑foot flex property on 2.1 acres
- 9,200‑square‑foot shop area with 5,200‑square‑foot workshop
- Workshop ceiling heights range from 10 1/2 to 14 feet with a 50‑foot‑wide clear span
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,213
Cap Rate
8.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,044,260
$1.0M
Cap Rate 7%
$745,900
$745.9K
Cap Rate 9%
$580,144
$580.1K
Market Conditions
NOI Build-Up for 11,300 SF
Gross rent
$67.8K $6.00/SF
− Vacancy
−$6.4K −$0.56/SF
EGI
$61.4K $5.44/SF
− OpEx
−$9.2K −$0.82/SF
NOI
$52.2K $4.62/SF
Area
LaPorte County, IN
Vacancy
9.40%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,044,260
Cap Rate 7%
$745,900
Cap Rate 9%
$580,144
Alternative Uses
Best Use
Flex RnD
$2.09M
$1.83M – $2.44M
NOI $146,118 @ 7.0% cap · market cap 24.56%
Second Best
Mixed Use
$1.09M
$956.6K – $1.28M
NOI $76,529 @ 7.0% cap · market cap 12.86%
Theoretical Best
Specialty Retail
$3.14M
$2.75M – $3.67M
NOI $219,901 @ 7.0% cap · market cap 36.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
14 ft
Clear height
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46350, IN
44,522
Population
19,576
Households
2.3
Avg Household Size
42
Median Age
24%
College-Educated
92%
High-School Grad
193.5 sq mi
ZIP Area
230
Density / Sq Mi
$75,311
Median Household Income
$44,309
Median Earnings
$920
Median Rent
$199,800
Median Home Value
Check the figures for this property
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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 - Custom-built property combines adaptable work areas, residential space, storage, and substantial utility capacity.
Where is this flex space located?
The property is located at 754 S Forrester Road La Porte, IN.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 11,300‑square‑foot flex property on 2.1 acres; 9,200‑square‑foot shop area with 5,200‑square‑foot workshop; Workshop ceiling heights range from 10 1/2 to 14 feet with a 50‑foot‑wide clear span
