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Property profile & analytics

1402 Indianapolis Blvd Whiting, IN 46394-1133

  • Parking lots & garages
  • 0.38 lot acres
OFF-MARKET
Value Estimation
$280,000
Location Intelligence
Property ID
US31-1600666
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Purple Steer Restaurant / Breakfast Restaurant / Family Restaurant

Property Details for 1402 Indianapolis Blvd

Year built
1978
Lot size
0.38 lot acres
Property type
Parking lots & garages
APN
45-03-06-304-001.000-023
APU
450306304001000023

Description

This exceptional 3,000-square-foot retail or restaurant space is available for lease at 1402 Indianapolis Blvd in Whiting, Indiana. Located in Lake County, this single-tenant property sits on a sizable 0.45-acre lot, offering ample space and visibility. The entire building is currently vacant, presenting a unique opportunity for a business to establish a strong presence in a thriving community. The property's classification as both retail and restaurant suitable makes it ideal for a wide range of commercial ventures. Its convenient location on Indianapolis Boulevard ensures high traffic and excellent exposure to potential customers. The building's 3,000 square feet provides ample room for a variety of layouts and designs, allowing for customization to meet specific business needs. This is a fantastic opportunity for a business seeking a prominent location with significant square footage in a desirable area of Indiana. The property's single-tenant occupancy ensures exclusive use and control of the space. Interested parties are encouraged to inquire for lease terms and conditions. The property's address is 1402 Indianapolis Blvd, Whiting, IN 46394. The property is conveniently located in Lake County, Indiana. This is a rare opportunity to secure a substantial commercial space in a prime location.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $250,000
  • CAP approach

    CAP return
    Estimation
    6%
    $345,000
    6.5%
    $300,000
    7%
    $320,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $330,000
    Geo Method
    $320,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $285,000
    Retail
    $345,000
    Mixed-Use
    $295,000
    Hospitality
    $375,000
    Educational
    $385,000
    Residential Income
    $345,000
    Energy
    $330,000
    Income-Based Land
    $360,000
    Food Service
    $380,000

Location Insight

  • Map
  • Local Demand
City
Whiting
County
Lake
State
Indiana
Longitude
-87.5082
Latitude
41.6873
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$4,622
$114,300
$15,200
$129,500
-
$114,300
$15,200
$129,500
More about this property
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