Office Condominium with Conference
B-8025 Wicker Ave, Saint John, IN 46375
For Sale
$249,700
Functional suite includes enclosed offices, a kitchenette, restroom, and flexible workspace for professional operations.
Property Size1,200 SF
Price / SF$208.08
Days on Market250
Property Features for B-8025 Wicker Ave
General Information
Standard status
Size
Taxes and HOA fees
Annual Taxes
Listing Agency:
McColly Real Estate
(219) 322-5508
Listed By:
Jeffrey Fryzel · License IN #475168697
(708) 243-1827
Source:
Exprealty
Added: Mar 10
Changed: Nov 5
Last Checked: Nov 12 at 11:43AM
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 McColly Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,200-square-foot office condominium at B-8025 Wicker Ave includes an open work area, two private offices, a conference room, kitchenette with refrigerator, restroom, storage closet, and carpeted floors. The unit is vacant and positioned for immediate occupancy or tenant placement. A tenant-managed HOA oversees the building.
The property fronts US-41 in the St. John and Schererville corridor, with monument signage opportunity. The neighboring 1,200-square-foot Unit C is also available, offering the option to acquire adjacent office space and create approximately 2,400 square feet across both units.
The property fronts US-41 in the St. John and Schererville corridor, with monument signage opportunity. The neighboring 1,200-square-foot Unit C is also available, offering the option to acquire adjacent office space and create approximately 2,400 square feet across both units.
Key Highlights
- 1,200‑square‑foot office condominium with open workspace and two enclosed offices
- Dedicated conference room, kitchenette with refrigerator, restroom, and storage closet
- Vacant unit available for immediate occupancy or tenant placement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,222
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$304,440
$304.4K
Cap Rate 7%
$217,457
$217.5K
Cap Rate 9%
$169,133
$169.1K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$25.9K $21.60/SF
− Vacancy
−$5.6K −$4.69/SF
EGI
$20.3K $16.91/SF
− OpEx
−$5.1K −$4.23/SF
NOI
$15.2K $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%
$304,440
Cap Rate 7%
$217,457
Cap Rate 9%
$169,133
Alternative Uses
Best Use
Office B
$217.5K
$190.3K – $253.7K
NOI $15,222 @ 7.0% cap · market cap 6.10%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$335.0K
$293.1K – $390.8K
NOI $23,450 @ 7.0% cap · market cap 9.39%
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
383
Businesses Nearby
Explore this area
Business Placement
Demographics for 46375, IN
24,051
Population
10,064
Households
2.4
Avg Household Size
46
Median Age
36%
College-Educated
96%
High-School Grad
12.8 sq mi
ZIP Area
1,879
Density / Sq Mi
$89,646
Median Household Income
$51,448
Median Earnings
$1,250
Median Rent
$295,400
Median Home Value
Market
Average Price Trend$/SF for Office Units in Lake County, IN
Properties on Market for Office Units in Lake County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Functional suite includes enclosed offices, a kitchenette, restroom, and flexible workspace for professional operations.
Where is this office unit located?
The property is located at B-8025 Wicker Ave Saint John, IN.
What is the asking price?
The asking price for this property is $249,700.
What are key features of this property?
This property features: 1,200‑square‑foot office condominium with open workspace and two enclosed offices; Dedicated conference room, kitchenette with refrigerator, restroom, and storage closet; Vacant unit available for immediate occupancy or tenant placement
