Two Adjacent Office
8025 Wicker Avenue #B-C St John, IN 46373
For Sale
$514,000
Two adjacent office condominium suites totaling approximately 2,400 SF feature reception, enclosed offices, conference rooms, kitchens, and restrooms.
Property Size2,400 SF
Price / SF$214.17
Days on Market136
Property Features for 8025 Wicker Avenue #B-C
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2008
Listing Agency:
McColly Real Estate
(219) 322-5508
Listed By:
Jeffrey Fryzel · License #475168697
(219) 322-5508
Source:
Birdrealtysells
Added: Mar 10
Changed: Jul 22
Last Checked: Jul 23 at 6:24AM
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 McColly Real Estate
Investment Insights
Based on property information with market context.
This offering includes two adjacent office condominium suites that can function independently or be combined into a larger professional office environment. Each suite is approximately 1,200 SF and includes reception areas, open workspaces, enclosed offices, conference rooms, kitchen facilities, restrooms, and storage, supporting a flexible layout for a variety of professional and client-service uses.
The property is located along the highly visible US-41 corridor in St. John, near the Schererville border. Public remarks also note a monument signage opportunity for enhanced business visibility.
The property is part of a tenant-managed HOA. Both suites are currently vacant and available for immediate occupancy or tenant placement.
The property is located along the highly visible US-41 corridor in St. John, near the Schererville border. Public remarks also note a monument signage opportunity for enhanced business visibility.
The property is part of a tenant-managed HOA. Both suites are currently vacant and available for immediate occupancy or tenant placement.
Key Highlights
- Two adjacent office condominium suites totaling approx. 2,400 SF
- Each suite is approx. 1,200 SF and can operate independently or be combined
- Flexible interior mix includes reception, open work areas, enclosed offices, and conference rooms
Financial Insights For Healthcare Medical
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 | $62.2k | $25.92 |
| − Vacancy | −$6.2k | −$2.59 |
| EGI | $56.0k | $23.33 |
| − OpEx | −$22.4k | −$9.33 |
| NOI | $33.6k | $14.00 |
2,400 SF · lease $25.92/SF/yr · vacancy 10.00% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$479.9K
$419.9K – $559.9K
NOI $33,592 @ 7.0% cap · market cap 6.54%
Second Best
Office B
$434.9K
$380.5K – $507.4K
NOI $30,443 @ 7.0% cap · market cap 5.92%
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
Location Intelligence
Current Use by Public Records
Jessica Ivin, Realtor
Real Estate Agency
Caitlin Marsee, Rossi ...
Real Estate Agency
Arvia Appraisals, LLC
Real Estate Agency
Pamela Dixon, Realtor®
Real Estate Agency
Dawn Magagnotti, Magagnotti ...
Real Estate Agency
FAQs
What type of property is this?
Office units - Two adjacent office condominium suites totaling approximately 2,400 SF feature reception, enclosed offices, conference rooms, kitchens, and restrooms.
Where is this office units located?
The property is located at 8025 Wicker Avenue #B-C 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: Two adjacent office condominium suites totaling approx. 2,400 SF; Each suite is approx. 1,200 SF and can operate independently or be combined; Flexible interior mix includes reception, open work areas, enclosed offices, and conference rooms
