Move-In Ready Office
830 E 1050 N Chesterton, IN 46304
For Sale
$235,000
Pending
Second-floor office condo with private street entrance, multiple offices, and an open administrative area.
Property Size1,410 SF
Days on Market99
Property Features for 830 E 1050 N
General Information
Standard status
Pending
Size
1,410 SF
Listing Agency:
Century 21 Alliance Group
(219) 405-8596
Listed By:
Nicholas Sommer · License #RB14050981
(219) 405-8596
Source:
Exprealty
Added: Apr 22
Changed: Jul 10
Last Checked: Jul 26 at 5:47PM
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
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 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 | $24.0k | $17.04 |
| − Vacancy | −$1.4k | −$1.02 |
| EGI | $22.6k | $16.02 |
| − OpEx | −$5.6k | −$4.00 |
| NOI | $16.9k | $12.01 |
1,410 SF · lease $17.04/SF/yr · vacancy 6.00% · expense 25.00%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Second-floor office condo with private street entrance, multiple offices, and an open administrative area.
Where is this office units 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
