Office Condominium with Conference
8025 Wicker Avenue, Schererville, IN 46373
For Sale
$249,700
Commercial Sale, Schererville, IN
Property Size1,200 SF
Lot Size3.12 Acres
Price / SF$208.08
Days on Market246
Property Features for 8025 Wicker Avenue
General Information
Property type
Property subtype
Parking
Interior features
Appliances
Subdivision
Lot features
Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Listing Agency:
McColly Real Estate
(219) 322-5508
Listed By:
Wendy Embry · License IN RB14037576
(219) 776-0408
Added: Mar 10
Changed: Nov 10
Last Checked: Nov 10 at 6:06PM
MLS# 835206
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.
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Investment Insights
Based on property information with market context.
This 1,200-square-foot office condominium, built in 2008, is arranged with an open front work area, two enclosed offices, and a separate conference room. A kitchenette with refrigerator, restroom, storage closet, carpeted floors, and high ceilings round out the interior. The unit is vacant and available for occupancy or tenant placement. The building is governed by a tenant-managed HOA.
At 8025 Wicker Avenue in Schererville, the property is situated along US-41 in the St. John–Schererville corridor. Public water and sewer serve the property.
At 8025 Wicker Avenue in Schererville, the property is situated along US-41 in the St. John–Schererville corridor. Public water and sewer serve the property.
Key Highlights
- 1,200‑square‑foot office condominium
- Open work area, two enclosed offices, and a separate conference room
- Vacant and available for occupancy or tenant placement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,222
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,440
$304.4K
Cap Rate 7%
$217,457
$217.5K
Cap Rate 9%
$169,133
$169.1K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$25.9K $21.60/SF
− Vacancy
−$5.6K −$4.69/SF
EGI
$20.3K $16.91/SF
− OpEx
−$5.1K −$4.23/SF
NOI
$15.2K $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%
$304,440
Cap Rate 7%
$217,457
Cap Rate 9%
$169,133
Alternative Uses
Best Use
Office B
$217.5K
$190.3K – $253.7K
NOI $15,222 @ 7.0% cap · market cap 6.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$335.0K
$293.1K – $390.8K
NOI $23,450 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
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Business Placement
Demographics for 46373, IN
17,839
Population
6,616
Households
2.7
Avg Household Size
44
Median Age
42%
College-Educated
94%
High-School Grad
10.9 sq mi
ZIP Area
1,637
Density / Sq Mi
$123,203
Median Household Income
$70,957
Median Earnings
$953
Median Rent
$375,300
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Lake County, IN
Properties on Market for Office Units in Lake County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Vacant professional unit includes two private offices, a kitchenette, and a dedicated meeting room.
Where is this office unit located?
The property is located at 8025 Wicker Avenue Schererville, IN.
What is the asking price?
The asking price for this property is $249,700.
What are key features of this property?
This property features: 1,200‑square‑foot office condominium; Open work area, two enclosed offices, and a separate conference room; Vacant and available for occupancy or tenant placement
