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    3100 45 St Highland, IN 46322

    Sponsored
    For Sale
    $1,650,000

    Highland, IN Office Building

    Property size:
    18,484 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 18,484 square foot, two-story office building presents a compelling value-add investment opportunity. Located at 3100 45th Street in Highland, Indiana, this Class B property features eight suites, a mix of medical and traditional office spaces, currently at 35% occupancy. Built in 1996, the building sits on a 1.34-acre lot zoned B3, offering significant potential for future development or expansion. The property boasts a prime corner location at the intersection of 45th Street and Delaware Avenue, ensuring high visibility and easy access. Ample parking is available for tenants and visitors. The asking price is $1,650,000, translating to $89.27 per square foot. The Net Net Net (NNN) lease structure provides a straightforward ownership experience. This multi-tenant building is situated in a convenient location near major roadways and local amenities, making it attractive to a wide range of businesses and medical practices. The property's versatile layout and potential for prominent signage further enhance its appeal. This is a rare opportunity to acquire a well-maintained office building in a thriving community within the Chicago metropolitan area. The property's location in Highland, Indiana (Lake County, zip code 46322), offers easy access to surrounding towns including Hammond, Munster, Schererville, and Griffith.

    Property Features for 3100 45 St

    General Information

    Property type
    Medical offices
    Square Feet
    18,484 SF
    Class
    B
    Lot Size
    58,370 SF

    Building Details

    Year Built
    1996
    Buildings
    1
    Stories
    2
    Units
    8

    HighLights

    • 18,484 SF Class B office building on a 1.34‑acre lot in Highland, IN.
    • Eight suites, a mix of medical and general office space, currently 35% occupied.
    • Prime corner location with high visibility and ample parking.
    • Convenient access to major roadways and local amenities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    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
    -87.454027
    Latitude
    41.5370249

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    FAQs

    What type of property is this?
    Medical office - Highland, IN Office Building
    Where is this medical office located?
    The property is located at 3100 45 St Highland, IN.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: 18,484 SF Class B office building on a 1.34-acre lot in Highland, IN.; Eight suites, a mix of medical and general office space, currently 35% occupied.; Prime corner location with high visibility and ample parking.
    Request Owner's contact information
    3100 45 St Highland, IN 46322
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    Highland, IN 46322
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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
    3100 45 St Highland, IN 46322
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