Retail Condominium
New
For Sale
$249,000
850 Sidewalk Road, Chesterton, IN 46304
Commercial Sale, Chesterton, IN
Property Size1,400 SF
Lot Size0.64 Acres
Price / SF$177.86
Days on Market2
Property Features for 850 Sidewalk Road
General Information
Property type
Commercial Sale
Property subtype
Retail
Parking
20
Interior features
Open Floorplan
Exterior features
Rain Gutters
Subdivision
Pavilion Center/Coffee Crk
Lot features
Corner Lot, Rectangular Lot
Directions
Located on the northwest corner of Dickinson Rd and Sidewalk.
Standard status
Active
APN
640707253010000007
Size
1,400 SF
Lot size
0.64 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
PAVILION CENTER AT COFFEE CREEK CONDOS BLDG 4 SUITE 101 TIF
Tax Annual Amount
4664
Legal Description
PAVILION CENTER AT COFFEE CREEK CONDOS BLDG 4 SUITE 101 TIF
Utilities
Sewer type
Public Sewer
Heating system
Central
Water source
Public
Building Details
Year built
2005
Listing Agency:
StreetFront, LLC
Listed By:
Ryan Peters · License #RB14047099
(219) 510-3720
Added: Oct 9
Last Checked: Oct 10 at 9:06AM
MLS# 846609
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.
This 1,400-square-foot retail condominium was built in 2005 and is zoned PUD. Its layout combines four private rooms, one bathroom, and an 840-square-foot open retail and showroom area. Flooring includes luxury vinyl, carpet, and tile, while south-facing windows bring daylight into the front of the suite.
The property owners association handles exterior upkeep, landscaping, snow removal, and trash service. Public water and public sewer serve the property.
The property owners association handles exterior upkeep, landscaping, snow removal, and trash service. Public water and public sewer serve the property.
Key Highlights
- 1,400 square feet with an 840‑square‑foot open retail/showroom area
- Four private rooms and one bathroom
- PUD zoning in a retail condominium development
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,716
Cap Rate
7.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,320
$394.3K
Cap Rate 7%
$281,657
$281.7K
Cap Rate 9%
$219,067
$219.1K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$29.4K $21.00/SF
− Vacancy
−$1.2K −$0.88/SF
EGI
$28.2K $20.12/SF
− OpEx
−$8.4K −$6.04/SF
NOI
$19.7K $14.08/SF
Area
Porter County, IN
Vacancy
4.20%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,320
Cap Rate 7%
$281,657
Cap Rate 9%
$219,067
Alternative Uses
Best Use
Retail
$281.7K
$246.5K – $328.6K
NOI $19,716 @ 7.0% cap · market cap 7.92%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$530.6K
$464.3K – $619.1K
NOI $37,143 @ 7.0% cap · market cap 14.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
167
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
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Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Four private rooms and an open showroom area support a range of retail layouts.
Where is this retail space located?
The property is located at 850 Sidewalk Road Chesterton, IN.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: 1,400 square feet with an 840‑square‑foot open retail/showroom area; Four private rooms and one bathroom; PUD zoning in a retail condominium development
