Four-Unit Office
For Sale
$700,000
9421 Joliet St, St John, IN 46373
Updated multi-suite office property with paved parking and full occupancy.
Property Size3,740 SF
Price / SF$187.17
Days on Market71
Property Features for 9421 Joliet St
General Information
Standard status
Active
Size
3,740 SF
Building Details
Year Built
2008
Listing Agency:
JK Pro Realty, LLC
Listed By:
Jimmy Karalis · License #RB14035192
(219) 712-1567
Source:
Realtopiare
Added: Aug 5
Changed: Sep 13
Last Checked: Oct 7 at 3:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JK Pro Realty, LLC
Investment Insights
Based on property information with market context.
Built in 2008, this 3,740-square-foot office building is arranged as four separate units and has been updated. The property includes its own paved parking lot and is fully rented, providing an established occupancy profile for an owner-user or office/medical use.
The building is located just off Route 41/Wicker Avenue in St. John, Indiana. Its configuration supports multiple occupants within a single commercial asset, while the existing unit layout and on-site parking add practical functionality for office operations.
The building is located just off Route 41/Wicker Avenue in St. John, Indiana. Its configuration supports multiple occupants within a single commercial asset, while the existing unit layout and on-site parking add practical functionality for office operations.
Key Highlights
- 3,740‑square‑foot office building constructed in 2008
- Four separate office units within the building
- Fully rented at the time of listing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,348
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,046,960
$1.0M
Cap Rate 7%
$747,829
$747.8K
Cap Rate 9%
$581,644
$581.6K
Market Conditions
NOI Build-Up for 3,740 SF
Gross rent
$96.9K $25.92/SF
− Vacancy
−$9.7K −$2.59/SF
EGI
$87.2K $23.33/SF
− OpEx
−$34.9K −$9.33/SF
NOI
$52.3K $14.00/SF
Area
Lake County, IN
Vacancy
10.00%
Lease Rate
$25.92 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,046,960
Cap Rate 7%
$747,829
Cap Rate 9%
$581,644
Alternative Uses
Best Use
Healthcare Medical
$747.8K
$654.4K – $872.5K
NOI $52,348 @ 7.0% cap · market cap 7.48%
Second Best
Office B
$677.7K
$593.0K – $790.7K
NOI $47,440 @ 7.0% cap · market cap 6.78%
Theoretical Best
Specialty Retail
$1.04M
$913.6K – $1.22M
NOI $73,084 @ 7.0% cap · market cap 10.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
542
Businesses Nearby
Explore this area
Business Placement
Demographics for 46373, IN
17,839
Population
6,616
Households
2.7
Avg Household Size
44
Median Age
42%
College-Educated
94%
High-School Grad
10.9 sq mi
ZIP Area
1,637
Density / Sq Mi
$123,203
Median Household Income
$70,957
Median Earnings
$953
Median Rent
$375,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Updated multi-suite office property with paved parking and full occupancy.
Where is this office building located?
The property is located at 9421 Joliet St St John, IN.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 3,740‑square‑foot office building constructed in 2008; Four separate office units within the building; Fully rented at the time of listing
