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    425 151St St East Chicago, IN 46312

    For Lease
    $12 SF/Yr ($11,469 /Mo)

    Flexible Industrial Space, 500-10,469 sq ft

    Lot size:
    11,469 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This East Chicago, Indiana industrial property offers 11,469 square feet of flexible warehouse space, divisible to a minimum of 500 square feet. Currently, 10,469 square feet is available for lease in this multi-tenant facility located at 425 W 151st St, East Chicago, IN 46312. The warehouse is ideal for businesses requiring storage and workspace, with racking available. Tenants are permitted to work on and store inventory within the shared space. Note that this is a non-temperature-controlled facility with no office space included. Prohibited uses include hazardous materials, food-grade products, automotive work, woodworking, and overnight parking. The property boasts a robust security system, including 24-hour video monitoring and motion sensors, ensuring the safety of stored goods. Conveniently located within five miles of major interstates and toll roads in Northwest Indiana, this warehouse offers easy access to regional transportation networks. Operating hours are 8 AM to 5 PM, Monday through Friday, with flexible scheduling considered on a case-by-case basis. The annual property tax cost is $1 per square foot.

    Property Features for 425 151St St

    General Information

    Property type
    Refrigerated & Cold Storages
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    11,469 SF
    Total Rate
    11469

    Unit(s) available at that property

    Space
    East Chicago, IN Warehouse - #812
    Size
    10,469 SF
    Rate per SF
    $12

    HighLights

    • No dock‑high doors.
    • One ground‑level door.
    • 35‑foot ceiling height.
    • No roll‑up door.
    • No office space.
    • Forklift available (fee applies).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    M B Real ... Real Estate Agency BROCK INDUSTRIAL Scaffolding Service Crossroads steel supply Manufacturer Majac Inc Steel Fabricator

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    East Chicago
    County
    Lake
    State
    Indiana
    Longitude
    -87.4504888
    Latitude
    41.6428269

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    FAQs

    What type of property is this?
    Refrigerated / Cold Storage - Flexible Industrial Space, 500-10,469 sq ft
    Where is this refrigerated / cold storage located?
    The property is located at 425 151St St East Chicago, IN.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: No dock-high doors.; One ground-level door.; 35-foot ceiling height.
    Request Owner's contact information
    425 151St St East Chicago, IN 46312
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    East Chicago, IN 46312
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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
    425 151St St East Chicago, IN 46312
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