Second-Floor Office
For Sale
$235,000
830 E Sidewalk Rd, Chesterton, IN 46304
Flexible office layout with private rooms, administrative workspace, natural light, and a dedicated street-level entrance.
Property Size1,410 SF
Price / SF$166.67
Days on Market190
Property Features for 830 E Sidewalk Rd
General Information
Standard status
Active
Size
1,410 SF
Property subtype
Commercial
Additional Details
Floor
Second Floor
Building Details
Year Built
2008
Listing Agency:
Century 21 Alliance Group
Listed By:
Nicholas Sommer · License #RB14050981
(219) 405-8596
Source:
Nwindianahomesearcher
Added: Apr 22
Changed: Oct 25
Last Checked: Oct 26 at 4:53PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,410-square-foot office condo occupies the second floor of a 2008 commercial building at 830 E Sidewalk Rd in Chesterton, Indiana. The layout includes three private offices, a sizable administrative area, and an open workspace with natural light. Hardwood flooring and recessed lighting add defined interior finishes, while the bathroom includes a shower.
A private entrance provides access from the street, and several offices overlook Coffee Creek. The property is professionally managed by First American Property Management, offering an established management arrangement for the office unit.
A private entrance provides access from the street, and several offices overlook Coffee Creek. The property is professionally managed by First American Property Management, offering an established management arrangement for the office unit.
Key Highlights
- 1,410 SF second‑floor office condo
- Three private offices plus a large administrative area
- Open workspace with natural light
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Flexible office layout with private rooms, administrative workspace, natural light, and a dedicated street-level entrance.
Where is this office unit located?
The property is located at 830 E Sidewalk Rd 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: 1,410 SF second‑floor office condo; Three private offices plus a large administrative area; Open workspace with natural light
