Adjacent Office
8025 Wicker Avenue St John, IN 46373
8025 Wicker Avenue, St John, IN, 46373
$514,000
For Sale
$514,000
SINGLE_FAMILY - St. John, IN
Property Size2,400 SF
Lot Size3.12 Acres
Price / SF$214.17
Days on Market133
Property Features for 8025 Wicker Avenue
General Information
- Property type
- Residential
- Property subtype
- Office
- Parking
- 20
- Interior features
- Ceiling Fan(s), Open Floorplan, High Ceilings, Entrance Foyer
- Appliances
- Microwave, Refrigerator
- Standard status
- Active
- APN
- 451121152002000036*
- Size
- 2,400 SF
- Lot size
- 3.12 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- TRI-TOWN COMMONS UNIT B & TRI-TOWN COMMONS UNIT C
- Tax Annual Amount
- 5404
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 2008
Listing Agency
McColly Real Estate
(219) 322-5508
850 Deer Creek Dr, Schererville, IN
Listed by
Jeffrey Fryzel · License #475168697
(708) 243-1827
Added: Mar 10 Checked: Jul 20 at 10:06 am
MLS# 835203
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.
Rare opportunity to acquire two adjacent office condominium suites that total approximately 2,400 square feet along a highly visible corridor. The offering is comprised of two separate 1,200 square foot office spaces, which can function independently or be combined into a larger professional office environment. Each suite includes a mix of reception areas, open workspaces, enclosed offices, conference rooms, kitchen facilities, restrooms, and storage, supporting a variety of client-facing and administrative uses.
The property is located along the US-41 corridor in St. John, near the Schererville border, providing strong daily traffic exposure. Monument signage opportunity may support business visibility. The condominiums are part of a tenant-managed HOA, and both units are currently vacant and available for immediate occupancy or tenant placement. These suites are also listed in the MLS for individual sale.
This configuration is well suited for buyers looking to either expand within one building footprint or occupy one suite while leasing the other for potential income. The mix of reception, conference, and private offices can accommodate a range of professional and service-based businesses, including office-oriented medical, dental, wellness, or other client-service practices. Owner financing may be considered for qualified buyers, offering additional flexibility for acquisition.
The property is located along the US-41 corridor in St. John, near the Schererville border, providing strong daily traffic exposure. Monument signage opportunity may support business visibility. The condominiums are part of a tenant-managed HOA, and both units are currently vacant and available for immediate occupancy or tenant placement. These suites are also listed in the MLS for individual sale.
This configuration is well suited for buyers looking to either expand within one building footprint or occupy one suite while leasing the other for potential income. The mix of reception, conference, and private offices can accommodate a range of professional and service-based businesses, including office-oriented medical, dental, wellness, or other client-service practices. Owner financing may be considered for qualified buyers, offering additional flexibility for acquisition.
Key Highlights
- Highly visible location on US‑41 with monument signage opportunity, providing excellent business exposure.
- Two adjacent 1,200 SF office suites (totaling 2,400 SF) offer flexibility to occupy both, lease one, or combine into a larger space.
- Flexible layout with reception areas, open workspaces, enclosed offices, conference rooms, kitchen facilities, restrooms, and storage.
Local Financial Insights For Office B
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 | $51.8k | $21.60 |
| − Vacancy | −$11.2k | −$4.69 |
| EGI | $40.6k | $16.91 |
| − OpEx | −$10.1k | −$4.23 |
| NOI | $30.4k | $12.68 |
2,400 SF · lease $21.60/SF/yr · vacancy 21.70% · expense 25.00%
Alternative Uses
Best Use
Office B
$434.9K
$380.5K – $507.4K
NOI $30,443 @ 7.0% cap · market cap 5.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$670.0K
$586.2K – $781.7K
NOI $46,899 @ 7.0% cap · market cap 9.12%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Jessica Ivin, Realtor
Real Estate Agency
Caitlin Marsee, Rossi ...
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Arvia Appraisals, LLC
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Pamela Dixon, Realtor®
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Dawn Magagnotti, Magagnotti ...
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FAQs
What type of property is this?
Office units - Two vacant office suites offer flexible space for owner-occupants or income, with prominent US-41 visibility.
Where is this office units located?
The property is located at 8025 Wicker Avenue St John, IN.
What is the asking price?
The asking price for this property is $514,000.
What are key features of this property?
This property features: Highly visible location on US‑41 with monument signage opportunity, providing excellent business exposure.; Two adjacent 1,200 SF office suites (totaling 2,400 SF) offer flexibility to occupy both, lease one, or combine into a larger space.; Flexible layout with reception areas, open workspaces, enclosed offices, conference rooms, kitchen facilities, restrooms, and storage.
