Property profile

2636 45th St Highland, IN 46322

OFF-MARKET
Office Spaces
Property ID
US31-0404491
2,000 SF 0.49 ac lot Built 1954
Individually Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 2636 45th Street in Highland, Indiana, presents a unique investment opportunity. Situated on a 0.49-acre lot, the building was originally a home but has been successfully converted for professional office use. The adaptable layout makes it perfectly suited for a variety of businesses, particularly those in the beauty or personal care industry. The property is being sold in its current "as-is" condition, reflecting its potential for customization and renovation to suit a buyer's specific needs and vision. The asking price is $206,900. Prospective buyers should be prepared to submit offers with an "as-is" addendum attached. The square footage is not currently specified, but the generous 0.49-acre lot provides ample space for potential expansion or outdoor use. This property offers a blend of established functionality and significant upside potential, making it an attractive proposition for savvy investors seeking a versatile commercial space in a desirable Highland location. The property's existing conversion to office use minimizes initial setup costs, allowing for a quicker return on investment. Serious inquiries are encouraged to explore this promising opportunity further. The property is ready for its next chapter and awaits a visionary owner to unlock its full potential.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1954
Construction WOOD
Total area 2,000 SF
Lot 0.49 ac (21,475 SF)
APN 45-07-33-126-007.000-026
UPID US31-0404491

Cap rate & NOI

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

Location

2636 45th St Highland, IN 46322-2901
Highland metro Census 40502 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2018
2 recorded transactions
2018
$135,000
2014
$176,728

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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