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    275 And 225 Dyer, IN 46311

    For Sale
    $1,200,000

    Class A Office, 4,860 SF, Owner/User

    Property size:
    4,860 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional Class A office building, located at 275 Joliet St, Dyer, IN 46311, presents a unique owner-user opportunity. The 4,860 square foot property, situated in a prime location within the Chicago metropolitan area (approximately 30 miles southeast of downtown Chicago), is currently configured as a medical office facility with over 12 exam rooms, a reception area, breakroom, multiple offices, an IT room, and staff reception area. All exam rooms are equipped with running water. The meticulously maintained building features two units across two stories, easily accessible via elevator. The asking price is $1,200,000, translating to $246.91 per square foot. Lease commencement is September 1, 2024. The property is highly adaptable and can be easily converted to suit various business needs, with the potential to be separated into two distinct spaces. The building's location in Dyer, Indiana offers a suburban setting with convenient access to major transportation routes, making it ideal for commuters. Dyer is known for its family-friendly atmosphere and excellent schools. This is a turnkey opportunity for an owner-user seeking a well-maintained, versatile office space in a desirable location. The building is currently vacant.

    Property Features for 275 And 225

    General Information

    Property type
    Medical offices
    Square Feet
    4,860 SF
    Class
    A

    Building Details

    Buildings
    1
    Stories
    2
    Units
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Map

    City
    Dyer
    County
    Lake
    State
    Indiana
    Longitude
    -87.5185744
    Latitude
    41.4939255

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    FAQs

    What type of property is this?
    Medical office - Class A Office, 4,860 SF, Owner/User
    Where is this medical office located?
    The property is located at 275 And 225 Dyer, IN.
    What is the asking price?
    The asking price for this property is $1,200,000.
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    275 And 225 Dyer, IN 46311
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    275 And 225 Dyer, IN 46311
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