Property profile

1203 Sheffield Ave Dyer, IN 46311

FOR LEASE
Medical Office Space
Property ID
US31-0484155
2,617 SF 0.6 ac lot Built 1970
Entity Owned 1-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, situated at 1203 Sheffield Avenue in Dyer, Indiana, presents a unique opportunity for discerning businesses. The building boasts a substantial 2,917 square feet of fully renovated space, ready for immediate occupancy. Its prime location offers excellent visibility and accessibility. The property sits on a sizable 0.6-acre lot, providing ample space for parking and potential future expansion. The zoning designation, Sheffield and Main, allows for a wide range of uses, including retail, office, medical, and various service-oriented businesses. This flexibility makes it an attractive investment for entrepreneurs seeking a versatile and well-maintained space. The recent, comprehensive renovation ensures a modern and functional environment, minimizing the need for costly upgrades. The building is move-in ready, allowing businesses to focus on operations rather than renovations. This is a rare opportunity to acquire a high-quality commercial property in a desirable location at an attractive price point of $399,900. Don't miss out on this chance to establish your business in a thriving community.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1970
Construction WOOD
Total area 2,617 SF
Lot 0.6 ac (25,962 SF)
APN 45-10-01-451-004.000-034
UPID US31-0484155

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1203 Sheffield Ave Dyer, IN 46311
Dyer metro Census 42803 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2025
7 recorded transactions
2025
Price N/A
2022
Price N/A
2020
Price N/A
2019
Price N/A
2018
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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