1423 Sheffield Ave Dyer, IN 46311-1551
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.
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The Vintage Vault Home Decor Store (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.