Retail Condominium with
For Sale
$249,000
850 Sidewalk Road Unit #101, Chesterton, IN 46304
Four enclosed rooms and association-managed exterior upkeep support a compact retail or showroom layout.
Property Size1,400 SF
Price / SF$177.86
Days on Market25
Property Features for 850 Sidewalk Road Unit #101
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Commercial
Zoning
PUD
Taxes and HOA fees
Annual Taxes
$4,664
Amenities
landscaping
snow removal
trash services
Listing Agency:
StreetFront, LLC
Listed By:
Ryan Peters · License #RB14047099
(219) 510-3720
Source:
Harborcountryhomes
Added: Oct 9
Changed: Oct 30
Last Checked: Oct 30 at 1:59AM
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 StreetFront, LLC
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Investment Insights
Based on property information with market context.
This Chesterton retail condominium offers 1,400 square feet, including an 840-square-foot open area suited to retail or showroom use. Four private rooms and one bathroom complete the interior. Flooring combines luxury vinyl, carpet, and tile, while south-facing windows bring natural light into the front of the unit. The property is zoned PUD.
The Property Owners Association handles exterior maintenance, landscaping, snow removal, and trash service. The unit is located at 850 Sidewalk Road, Unit #101, in Chesterton, Indiana.
The Property Owners Association handles exterior maintenance, landscaping, snow removal, and trash service. The unit is located at 850 Sidewalk Road, Unit #101, in Chesterton, Indiana.
Key Highlights
- 1,400 SF total, including an 840 SF open retail/showroom area
- Four private rooms and one bathroom
- South‑facing windows provide natural light at the front of the unit
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.
How Realmo checks its estimates
Property 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
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Four enclosed rooms and association-managed exterior upkeep support a compact retail or showroom layout.
Where is this retail space located?
The property is located at 850 Sidewalk Road Unit #101 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 SF total, including an 840 SF open retail/showroom area; Four private rooms and one bathroom; South‑facing windows provide natural light at the front of the unit
