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    2708 45 St Highland, IN 46322

    Sponsored
    For Sale
    $450,000

    Prime Highland location, renovated office space.

    Property size:
    2,414 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 2,414 square foot office building, located at 2708 W 45th St in Highland, Indiana, presents a unique investment opportunity. Recently renovated in 2024, this former brick home has been thoughtfully converted into a functional and attractive office space. The property boasts two floors, each approximately 1207 square feet, offering flexibility for various business needs. Situated on a 0.45-acre lot with excellent visibility on 45th Ave, the building benefits from high traffic counts exceeding 17,000 vehicles daily on 45th Ave and over 23,000 on nearby Kennedy Ave. The property's B-1 Neighborhood Business District zoning allows for a range of uses, making it ideal for professionals such as financial advisors, attorneys, or insurance agents. The ground floor features an open concept layout with a private office and restroom, while the upper level includes a reception area, two private offices, a restroom, and a kitchenette suitable for use as a conference room or breakroom. A separate two-car garage may be available for lease. The property's location and recent renovations offer an immediate opportunity for occupancy, while its size and zoning also present potential for future redevelopment. The asking price is $450,000, and the property's APN is 45-07-33-126-011.000-026. This is a rare opportunity to acquire a well-located, renovated office building in a thriving area.

    Property Features for 2708 45 St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    2,414 SF
    Class
    C
    Lot Size
    19,602 SF

    Building Details

    Year Built/Renovated
    1957/2024
    Stories
    2

    HighLights

    • $450,000 asking price for a vacant, 2,414 square foot office building.
    • Recently renovated (2024) two‑story, Class C office building in Highland, Indiana.
    • Situated on a 0.45‑acre lot with 65 feet of frontage on 45th Ave.
    • High visibility location with over 17,000 vehicles daily on 45th Ave and over 23,000 on Kennedy Ave.
    • Suitable for various professional office uses.
    • Potential for redevelopment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Highland
    County
    Lake
    State
    Indiana
    Longitude
    -87.4633754
    Latitude
    41.537178

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Highland location, renovated office space.
    Where is this office property / space located?
    The property is located at 2708 45 St Highland, IN.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: $450,000 asking price for a vacant, 2,414 square foot office building.; Recently renovated (2024) two-story, Class C office building in Highland, Indiana.; Situated on a 0.45-acre lot with 65 feet of frontage on 45th Ave.
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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
    2708 45 St Highland, IN 46322
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