Move-In Ready Office
For Sale
$235,000
830 E 1050 N, Chesterton, IN 46304
Second-floor office condo with private street entrance, multiple offices, and an open administrative area.
Property Size1,410 SF
Price / SF$166.67
Days on Market190
Property Features for 830 E 1050 N
General Information
Standard status
Active
Size
1,410 SF
Taxes and HOA fees
Annual Taxes
$3,081
Listing Agency:
Century 21 Alliance Group
(219) 462-2090
Listed By:
Nicholas Sommer · License #RB14050981
(219) 405-8596
Source:
Exprealty
Added: Apr 22
Changed: Oct 25
Last Checked: Oct 26 at 6:26PM
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 Century 21 Alliance Group
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Investment Insights
Based on property information with market context.
This second-floor office condo offers a move-in ready layout designed for professional use. The space features modern, stylish decor with hardwood floors and recessed lighting throughout. It includes a bathroom with a shower, three spacious private offices overlooking Coffee Creek, and a larger administrative area supported by an open floor plan. Natural light is present through the day, supporting a functional work environment.
Access is provided via a private entrance off the street. The property is described as professionally managed by First American Property Management, which may help simplify ongoing building and operational coordination.
For buyers seeking an office unit that balances private workspaces with collaborative or administrative functionality, this configuration supports day-to-day operations. The combination of three enclosed offices, a main administrative area, and an open plan can fit a range of professional service users, while the in-unit bathroom with shower adds practical convenience for staff and clients.
Access is provided via a private entrance off the street. The property is described as professionally managed by First American Property Management, which may help simplify ongoing building and operational coordination.
For buyers seeking an office unit that balances private workspaces with collaborative or administrative functionality, this configuration supports day-to-day operations. The combination of three enclosed offices, a main administrative area, and an open plan can fit a range of professional service users, while the in-unit bathroom with shower adds practical convenience for staff and clients.
Key Highlights
- Second‑floor office condo with private street entrance
- Includes hardwood floors and recessed lighting
- Features a bathroom with shower
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,939
Cap Rate
7.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,780
$338.8K
Cap Rate 7%
$241,986
$242.0K
Cap Rate 9%
$188,211
$188.2K
Market Conditions
NOI Build-Up for 1,410 SF
Gross rent
$24.0K $17.04/SF
− Vacancy
−$1.4K −$1.02/SF
EGI
$22.6K $16.02/SF
− OpEx
−$5.6K −$4.00/SF
NOI
$16.9K $12.01/SF
Area
Porter County, IN
Vacancy
6.00%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,780
Cap Rate 7%
$241,986
Cap Rate 9%
$188,211
Alternative Uses
Best Use
Office B
$242.0K
$211.7K – $282.3K
NOI $16,939 @ 7.0% cap · market cap 7.21%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$534.4K
$467.6K – $623.5K
NOI $37,408 @ 7.0% cap · market cap 15.92%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
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Business Placement
Demographics for 46304, IN
26,835
Population
11,521
Households
2.3
Avg Household Size
41
Median Age
35%
College-Educated
96%
High-School Grad
57.8 sq mi
ZIP Area
464
Density / Sq Mi
$88,551
Median Household Income
$52,704
Median Earnings
$1,169
Median Rent
$278,300
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Second-floor office condo with private street entrance, multiple offices, and an open administrative area.
Where is this office unit located?
The property is located at 830 E 1050 N Chesterton, IN.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Second‑floor office condo with private street entrance; Includes hardwood floors and recessed lighting; Features a bathroom with shower
