3100 45 St Highland, IN 46322
- Office Properties & Spaces
- 18,484 SF
- 1.34 lot acres
Current Use by Public Records
- Office Properties & Spaces
Property Details for 3100 45 St
- Year built
- 1996
- Lot size
- 1.34 lot acres
- Property size
- 18,484 SF
- Property type
- Office Properties & Spaces
- Property subtype
- Medical offices
Description
This exceptional 18,484 square foot, two-story office building presents a compelling value-add investment opportunity. Located at 3100 45th Street in Highland, Indiana, this Class B property features eight suites, a mix of medical and traditional office spaces, currently at 35% occupancy. Built in 1996, the building sits on a 1.34-acre lot zoned B3, offering significant potential for future development or expansion. The property boasts a prime corner location at the intersection of 45th Street and Delaware Avenue, ensuring high visibility and easy access. Ample parking is available for tenants and visitors. The asking price is $1,650,000, translating to $89.27 per square foot. The Net Net Net (NNN) lease structure provides a straightforward ownership experience. This multi-tenant building is situated in a convenient location near major roadways and local amenities, making it attractive to a wide range of businesses and medical practices. The property's versatile layout and potential for prominent signage further enhance its appeal. This is a rare opportunity to acquire a well-maintained office building in a thriving community within the Chicago metropolitan area. The property's location in Highland, Indiana (Lake County, zip code 46322), offers easy access to surrounding towns including Hammond, Munster, Schererville, and Griffith.
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
- Highland
- County
- Lake
- State
- Indiana
- Longitude
- -87.454
- Latitude
- 41.537
