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    275 Joliet St Dyer, IN 46311

    For Sale
    $1,200,000

    Dyer, IN: Class A Medical Office Space

    Property size:
    4,860 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 4,860-square-foot Class A medical office condo is available for $1,200,000 ($247/sq ft). Located on the second floor of a three-story building within Dyer, Indiana's Galleria, this vacant space boasts excellent visibility and high traffic counts (31,634 cars daily in 2024). The condo features a thoughtfully designed layout including two reception areas with seating, ten exam rooms, one private office, three private bathrooms, two lab rooms, two consultation rooms, and an employee lounge. The Galleria is a mixed-use, multi-tenant development with two buildings, offering convenient amenities such as a sprinkler system, elevator, and common area restrooms on each floor. Ample parking is available in the recently seal-coated lot, accommodating 125 vehicles. The property benefits from a newer rooftop HVAC unit (installed in 2017). This turnkey medical office space presents a fantastic opportunity for immediate occupancy in a thriving location. The address is 275 Joliet St, Dyer, IN 46311, within Lake County. The net rentable square footage is 4,860 square feet.

    Property Features for 275 Joliet St

    General Information

    Property type
    Medical offices
    Square Feet
    4,860 SF
    Class
    A

    HighLights

    • 4,860 SF Class A medical office condo for sale at $1,200,000 ($247/SF).
    • Located on the second floor of a three‑story building in Dyer, IN's Galleria, offering high visibility and traffic (31,634 cars daily).
    • Features ten exam rooms, two reception areas, private offices, bathrooms, lab rooms, consultation rooms, and an employee lounge.
    • The Galleria offers ample parking (125 spaces), elevator, and common area restrooms.
    • Includes a newer rooftop HVAC unit (2017).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Linda V Spencer Dermatologist Den Asian Bistro Asian Restaurant Jennifer Dudak Doctor Nick Blickenstaff, MD Dermatologist Michael Gideon Dentist

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Dyer
    County
    Lake
    State
    Indiana
    Longitude
    -87.5185744
    Latitude
    41.4939255

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    FAQs

    What type of property is this?
    Medical office - Dyer, IN: Class A Medical Office Space
    Where is this medical office located?
    The property is located at 275 Joliet St Dyer, IN.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 4,860 SF Class A medical office condo for sale at $1,200,000 ($247/SF).; Located on the second floor of a three-story building in Dyer, IN's Galleria, offering high visibility and traffic (31,634 cars daily).; Features ten exam rooms, two reception areas, private offices, bathrooms, lab rooms, consultation rooms, and an employee lounge.
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    Dyer, IN 46311
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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
    275 Joliet St Dyer, IN 46311
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