Creative Space with Glass
For Sale
$649,500
9603 W 133rd Ave, Cedar Lake, IN 46303
Flexible layout includes a conference room, break areas, and dedicated office space.
Property Size1,923 SF
Price / SF$337.75
Days on Market74
Property Features for 9603 W 133rd Ave
General Information
Standard status
Active
Size
1,923 SF
Building Details
Year Built
1959
Listing Agency:
BHHS Executive Realty
Listed By:
David Harkabus · License #RB14042838
(219) 313-1669
Source:
Amyboston.realtopiare
Added: Aug 2
Changed: Oct 10
Last Checked: Oct 7 at 1:45PM
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 BHHS Executive Realty
Investment Insights
Based on property information with market context.
This creative space at 9603 W 133rd Ave includes an open work area supported by a conference room, break spaces, and two glass-enclosed offices. The layout accommodates a mix of individual work and shared activities while maintaining defined rooms for meetings and private use.
The property also features a finished bathroom and a separate area for an additional bathroom with outside-only access. Built in 1959, the space offers a practical combination of open and enclosed areas for business operations, workshops, or collaborative work.
The property also features a finished bathroom and a separate area for an additional bathroom with outside-only access. Built in 1959, the space offers a practical combination of open and enclosed areas for business operations, workshops, or collaborative work.
Key Highlights
- Open work area with conference room and break spaces
- Two glassed‑in offices provide enclosed work areas
- Finished bathroom plus space for another bathroom with outside‑only access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,392
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,840
$487.8K
Cap Rate 7%
$348,457
$348.5K
Cap Rate 9%
$271,022
$271.0K
Market Conditions
NOI Build-Up for 1,923 SF
Gross rent
$41.5K $21.60/SF
− Vacancy
−$9.0K −$4.69/SF
EGI
$32.5K $16.91/SF
− OpEx
−$8.1K −$4.23/SF
NOI
$24.4K $12.68/SF
Area
Lake County, IN
Vacancy
21.70%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,840
Cap Rate 7%
$348,457
Cap Rate 9%
$271,022
Alternative Uses
Best Use
Office B
$348.5K
$304.9K – $406.5K
NOI $24,392 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$536.8K
$469.7K – $626.3K
NOI $37,578 @ 7.0% cap · market cap 5.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
185
Businesses Nearby
Explore this area
Business Placement
Demographics for 46303, IN
17,028
Population
6,922
Households
2.5
Avg Household Size
39
Median Age
24%
College-Educated
95%
High-School Grad
28.8 sq mi
ZIP Area
591
Density / Sq Mi
$78,659
Median Household Income
$43,217
Median Earnings
$1,197
Median Rent
$271,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Creative space - Flexible layout includes a conference room, break areas, and dedicated office space.
Where is this creative space located?
The property is located at 9603 W 133rd Ave Cedar Lake, IN.
What is the asking price?
The asking price for this property is $649,500.
What are key features of this property?
This property features: Open work area with conference room and break spaces; Two glassed‑in offices provide enclosed work areas; Finished bathroom plus space for another bathroom with outside‑only access
