3741 45Th StHighland, IN 46322

Property Details for 3741 45Th St

Year built

1974

Construction

WOOD

Lot size

0.26 AC

Property size (Sq ft)

5,322 SF

Property type

Office properties

APN

45-07-27-454-042.000-026

APU

450727454042000026

Description

This two-story, 5,322 square foot medical office building in Highland, Indiana, offers four suites, with two currently available, each a minimum of 1,155 square feet. Built in 1974, the property sits on a 0.26-acre lot and features 17 parking spaces. Conveniently located on 45th Street, between Cline Avenue and Kennedy Avenue, it enjoys excellent visibility and accessibility. The building is zoned B1 and offers easy access to major roadways including I-80/94 and I-65, providing convenient commutes to Chicago and Indianapolis. Nearby amenities include CVS, Strack & Van Til, Wendy's, and numerous other businesses. The property's central location and proximity to major transportation routes make it an ideal investment opportunity for medical professionals seeking a well-established presence in a thriving community. The building has no elevators. Lake County APN: 45-07-27-454-042.000-026.

• CAP approach

  CAP return

  Valuation

  6%

  $1,710,339

  6.5%

  $1,578,775

  7%

  $1,466,005

• Comparable approach

  Method

  Valuation

  Relative Method

  $693,190

  Geo Method

  $693,190

• Alternative Use

  Use

  Valuation

  Residential

  $1,957,680

  Hospitality

  $1,793,225

  Educational

  $1,491,942

  Medical

  $1,543,252

  Retail

  $2,320,799

Location Insight

City

Highland

County

Lake

State

Indiana

Latitude

41.5376

Longitude

-87.4379

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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