Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1333 State Road 2 La Porte, IN 46350

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    High-traffic retail pad, ready to build.

    Lot size:
    16,553 SF

    Property Features for 1333 State Road 2

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    16,553 SF

    Spaces For Lease

    at 1333 State Road 2, La Porte, IN 46350 Contact us

    We can help!

    Listing Contact
    Steve Nicksic
    Steve Nicksic

    Listing Agency: Bradley Company Merrillville Listing Agent: Steve Nicksic

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional 0.379-acre commercial land parcel, located at 1333 W State Rd 2 in La Porte, Indiana, presents a prime opportunity for retail development. Zoned Commercial/B2, this single-tenant site offers unparalleled visibility and accessibility along a major thoroughfare. The property's 0.379-acre lot size provides ample space for a new construction project, catering to a variety of retail uses. Its strategic location within La Porte County, Indiana, ensures convenient access to a substantial customer base. The property is currently available for lease and represents a unique chance to establish a thriving business in a high-demand area. With its ideal zoning and prominent location, this outlot is poised for immediate development and offers significant potential for long-term growth and return on investment. Interested parties are encouraged to explore this exceptional opportunity to secure a prime commercial location in a thriving Indiana market. The property is situated in La Porte, Indiana, zip code 46350. Further details regarding lease terms and conditions are available upon request.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Building Supply Gym & Fitness Center Auto Repair Shop Big Box & Wholesale Store Hotel & Motel Auto Parts Store Department Store Kitchen & Bath Showroom HVAC Service Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    La Porte
    County
    LaPorte
    State
    Indiana
    Longitude
    -86.734817
    Latitude
    41.601088

    Nearby Similar for Lease

    • $3,000 /Mo
      7,800 SF

      Downtown La Porte Commercial Space

      Customizable commercial space in downtown La Porte, move-in ready 2026.
      814 Lincolnway, La Porte, IN 46350
      View Details
    • $3,000 /Mo
      2,200 SF

      Downtown La Porte Commercial Space

      Customizable commercial space in downtown La Porte, move-in ready April 2026.
      814 Lincolnway, La Porte, IN 46350
      View Details
    • $5,500 /Mo
      4,500 SF

      La Porte Showroom with Offices

      Commercial space with showroom, offices, and lake views.
      1301 Pine Lake Ave, La Porte, IN 46350
      View Details
    • $1,400 /Mo
      1,200 SF

      Remodeled Office in Historic District

      Turnkey office space in revitalizing downtown La Porte, Indiana.
      1101 Indiana Ave, La Porte, IN 46350
      View Details
    • $2,785 /Mo
      7,388 SF

      La Porte Office Space Available

      Professional office space in a park-like setting near downtown.
      3340 Monroe St, La Porte, IN 46350
      View Details
    • $900 /Mo
      700 SF

      La Porte Office Space Available

      Multiuse office space for lease with Pine Lake visibility.
      113 Pine Lake Ave, La Porte, IN 46350
      View Details
    • $950 /Mo
      1,000 SF

      Prime Retail Space Available

      High-visibility retail space with customization options in a thriving community.
      607 Jefferson Ave, La Porte, IN 46350
      View Details
    • $1,200 /Mo
      960 SF

      Versatile Commercial Space in La Porte

      960 SF commercial space ideal for office or retail.
      1223 W State Road 2, La Porte, IN 46350
      View Details
    • $2,300 /Mo
      1,808 SF

      La Porte Commercial Space Available

      Spacious 1808 SF unit in high-visibility La Porte plaza.
      424 Perry St, La Porte, IN 46350
      View Details
    • $2,150 /Mo
      1,728 SF

      La Porte Commercial Space Available

      1728 SF commercial space in Lakeside Plaza, La Porte.
      416 Perry St, La Porte, IN 46350
      View Details
    • $500 /Mo
      3,000 SF

      La Porte Commercial Space Rental

      Upper-level commercial space in downtown La Porte available for rent.
      607 Jefferson Ave, La Porte, IN 46350
      View Details
    • $1,400 /Mo
      1,000 SF

      La Porte Commercial Space

      Multi-use space in prime location with ample parking.
      212 Pine Lake Ave, La Porte, IN 46350
      View Details

    FAQs

    What type of property is this?
    Individual retail property - High-traffic retail pad, ready to build.
    Where is this individual retail property located?
    The property is located at 1333 State Road 2 La Porte, IN.
    What are key features of this property?
    This property features: 0.379-acre commercial outlot available for lease, purchase, or build-to-suit on State Road 2 in La Porte, IN.; Ideal for fast-food or drive-thru businesses.; Located near Kabelin Ace Hardware.
    (219) 508-0554 Call to check price and availability
    Request Owner's contact information
    1333 State Road 2 La Porte, IN 46350
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1333 State Road 2
    La Porte, IN 46350
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1333 State Road 2 La Porte, IN 46350
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Steve Nicksic
    Steve Nicksic
    (219) 508-0554 (219) 865-9911
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!