Technical
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Property profile

1714 Indianapolis Blvd Whiting, IN 46394

OFF-MARKET
Commercial real estate
Property ID
US31-2106618
3,831 SF 0.07 ac lot Built 1915
Entity Owned 21-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional mixed-use property presents a unique investment opportunity in the vibrant city of Whiting, Indiana. Situated on a 0.07-acre lot at 1714 Indianapolis Boulevard, this all-brick building boasts a prime location on a well-traveled street, ensuring high visibility and accessibility. The main level features a versatile retail space or office, ideal for a variety of businesses. This space offers ample room for a storefront and operational areas, making it perfect for entrepreneurs looking to establish a presence in a thriving community. Upstairs, a spacious two-bedroom apartment provides comfortable living quarters, complete with all the necessary amenities. The apartment offers a convenient and private living space, separate from the commercial area below. Adding to the property's appeal is a large, 2.5-car garage located at the rear of the building, providing ample parking and storage space for both personal and business use. The combination of commercial and residential space makes this property an attractive option for owner-occupants seeking a live-work arrangement, or for investors looking for a strong rental income stream. The all-brick construction ensures durability and low maintenance, while the high-traffic location guarantees excellent exposure for any business operating from the ground floor. This property is priced competitively at $155,900 and represents a compelling investment opportunity in a desirable location. Don't miss out on this chance to own a versatile and profitable mixed-use property.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1915
Construction WOOD
Total area 3,831 SF
Lot 0.07 ac (3,136 SF)
APN 45-03-07-128-006.000-023
UPID US31-2106618

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Mobile Phone Store Electronics & Wireless Store

Location

1714 Indianapolis Blvd Whiting, IN 46394-1326
Whiting metro Census 20100 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Blend (final) Blend
$255k

Owner & transaction history

since 2005
2 recorded transactions
2005
Price N/A
2004
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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