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Property profile & analytics
FOR LEASE
Office Units

1516 119Th St Whiting, IN 46394

4,640 SF Built 2015
Property ID
US31-0192587
Property summary
AI-generated overview

This exceptional 4,640-square-foot Class A medical office space is available for lease in downtown Whiting, Indiana. Located at 1516 119th Street, this single-tenant property boasts a prime location within the C-DB-SZ (Downtown Business Special Zone) of Lake County. Built in 2015, the building features a spacious waiting area, seven exam rooms, a break room, a procedure room, and three private offices. A significant 1,200-square-foot physical therapy room is also included, offering the potential for separate lease arrangements. The property is in excellent condition and ready for immediate occupancy, making it ideal for medical or related businesses. Ample off-street parking is available for staff and patients. The asking rent is $15 per square foot, with pass-through expenses of $6 per square foot. The property is zoned for a variety of uses within the Downtown Business Special Zone, offering flexibility for potential tenants. This one-story building presents a unique opportunity for businesses seeking a modern, well-equipped space in a thriving community. The property's single-tenant occupancy ensures a streamlined and efficient operation. This is a turnkey solution for a medical practice or similar business seeking a move-in ready space.

Property profile
Verified
Property type Office Units
Year built 2015
Total area 4,640 SF
UPID US31-0192587
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
  • Michael Hu MD Physician
  • Dr Iyer Pediatrician Pediatrician Medical Clinic
  • Whiting Community Health Center Medical Clinic
  • Medovate Dermatology Physician Medical Clinic
  • Elizabeth Springer Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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