160-206 Railroad St Chesterton, IN
- Office Properties & Spaces
- 4.01 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 160-206 Railroad St
- Year built
- 2015
- Lot size
- 4.01 lot acres
- Property type
- Office Properties & Spaces
Description
Tamarack Plaza presents a unique investment opportunity in the thriving Chesterton, Indiana market. This expansive property encompasses a substantial 4.01-acre lot and features a diverse portfolio of income-generating assets. The complex includes a single commercial building housing four fully occupied office spaces, providing immediate and consistent rental income. Adding to the investment potential are sixteen condominiums distributed across four four-unit buildings, all currently 100% leased. Further enhancing the property's utility are ten garage bays spread across two five-bay and two four-bay structures, offering ample parking for tenants and visitors. A significant feature is the inclusion of eighty-four designated parking spaces, ensuring convenient access for all occupants. Finally, the property boasts two sizable buildable lots, presenting significant potential for future development, either as additional commercial space or multifamily residential units, allowing for expansion and increased revenue streams. The current high occupancy rate across all units underscores the strong demand and inherent value of this property, making it an attractive proposition for discerning investors seeking a diversified and established income stream in a desirable location. The property is offered at $4,300,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chesterton
- County
- Porter
- State
- Indiana
- Longitude
- -87.0463
- Latitude
- 41.5901
