Flexible Storefront with Loading
For Sale
$525,000
92 Us-12, Beverly Shores, IN 46301
Commercial Sale, Beverly Shores, IN
Property Size3,262 SF
Lot Size0.49 Acres
Price / SF$160.94
Days on Market48
Property Features for 92 Us-12
General Information
Property type
Commercial Sale
Property subtype
Retail
Parking
10
Parking features
Garage
Interior features
Ceiling Fan(s), Entrance Foyer
Exterior features
Lighting, Storage, Rain Gutters
Lot features
Paved, Near Public Transit
Directions
From Michigan City: Take US Hwy 12 W - destination will be on the right. From the East: US Hwy 12 E - destination will be on the left.
Standard status
Active
APN
640410302010000011
Size
3,262 SF
Lot size
0.49 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
BARTLETTS BEV SHORES UNIT F LOT 3-10 BLK 105 DR485 P603
Tax Annual Amount
1838
Legal Description
BARTLETTS BEV SHORES UNIT F LOT 3-10 BLK 105 DR485 P603
Utilities
Utilities
Natural Gas Available
Sewer type
Septic Tank
Heating system
Forced Air, Natural Gas
Water source
Public
Building Details
Year built
1976
Additional Structures
Storage
Listing Agency:
Coldwell Banker Realty · Coldwell Banker Real Estate
(269) 469-3950
Listed By:
Marissa Stapleton
(312) 520-3552
Added: Sep 16
Changed: Oct 20
Last Checked: Nov 2 at 1:06PM
MLS# 845517
Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3,262-square-foot storefront property includes open retail and showroom areas, private offices, storage space, and a loading dock. The building also features an entrance foyer, ceiling fans, exterior lighting, rain gutters, a garage, and natural gas forced-air heating. Recent work includes a newer roof, updated bathrooms, flooring, fresh paint, and exterior lighting.
The property sits on a 0.491-acre lot measuring 400 feet by 54 feet in Beverly Shores. It is positioned near the South Shore Line, with restaurants and shops within walking distance. Public water, a septic tank, and natural gas availability serve the property. The layout can accommodate retail, showroom, office, studio, warehouse, distribution, or other commercial configurations identified for the site.
The property sits on a 0.491-acre lot measuring 400 feet by 54 feet in Beverly Shores. It is positioned near the South Shore Line, with restaurants and shops within walking distance. Public water, a septic tank, and natural gas availability serve the property. The layout can accommodate retail, showroom, office, studio, warehouse, distribution, or other commercial configurations identified for the site.
Key Highlights
- 3,262 SF storefront property on a 0.491‑acre lot
- 400' x 54' lot with loading dock and garage
- Open retail and showroom areas with private offices and storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,937
Cap Rate
8.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$918,740
$918.7K
Cap Rate 7%
$656,243
$656.2K
Cap Rate 9%
$510,411
$510.4K
Market Conditions
NOI Build-Up for 3,262 SF
Gross rent
$68.5K $21.00/SF
− Vacancy
−$2.9K −$0.88/SF
EGI
$65.6K $20.12/SF
− OpEx
−$19.7K −$6.04/SF
NOI
$45.9K $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%
$918,740
Cap Rate 7%
$656,243
Cap Rate 9%
$510,411
Alternative Uses
Best Use
Retail
$656.2K
$574.2K – $765.6K
NOI $45,937 @ 7.0% cap · market cap 8.75%
Second Best
Flex RnD
$276.9K
$242.3K – $323.1K
NOI $19,384 @ 7.0% cap · market cap 3.69%
Theoretical Best
Healthcare Medical
$1.24M
$1.08M – $1.44M
NOI $86,543 @ 7.0% cap · market cap 16.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
59
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46301, IN
580
Population
510
Households
1.1
Avg Household Size
63
Median Age
72%
College-Educated
99%
High-School Grad
4.4 sq mi
ZIP Area
132
Density / Sq Mi
$118,750
Median Household Income
$71,944
Median Earnings
$581,900
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - Open retail and showroom areas are complemented by offices, storage, and recent interior updates.
Where is this storefront property located?
The property is located at 92 Us-12 Beverly Shores, IN.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 3,262 SF storefront property on a 0.491‑acre lot; 400' x 54' lot with loading dock and garage; Open retail and showroom areas with private offices and storage
