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Property profile & analytics
OFF-MARKET
Retail space

1423 Sheffield Ave Dyer, IN 46311-1551

4,320 SF 0.25 ac lot Built 1997
Individually Owned 5-yr Hold Free & Clear
Property ID
US31-0406737
Property summary
AI-generated overview

This exceptional commercial property at 1423 Sheffield Avenue in Dyer, Indiana, presents a unique investment opportunity. Spanning over 4,300 square feet on a 0.25-acre lot, this building offers a versatile layout ideal for a variety of businesses. Currently configured as an antique store, the property's design allows for flexible use. The main level features a spacious, open-concept showroom, two bathrooms, and a convenient garage/storage area with an overhead door, perfect for inventory or equipment. Upstairs, a separate 5-office suite with two additional bathrooms provides ample space for administrative functions or private consultations. The building's prime location in a bustling area ensures high visibility and easy accessibility, with ample parking available. Furthermore, the upcoming completion of the West Lake Corridor train station at the corner of Sheffield and Main Street promises to significantly enhance the area's vibrancy and foot traffic, making this an even more attractive investment. This property offers a rare chance to capitalize on the exciting developments transforming Dyer, creating a strong foundation for future growth and success. The asking price is $615,000.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1997
Construction WOOD
Total area 4,320 SF
Lot 0.25 ac (10,803 SF)
APN 45-10-12-201-014.000-034
UPID US31-0406737
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Vintage Vault Home Decor Store (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Timothy J Maloney · 5 yrs held
Timothy J Maloney
since 2021
4 recorded transactions
2021
Price N/A
2015
Price N/A
2014
$220,816
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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