Property profile

275 Joliet St Dyer, IN 46311

OFF-MARKET
Commercial land
Property ID
US31-3178148
1.51 ac lot
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 4,860-square-foot Class A medical office building in Dyer, Indiana, presents a unique investment opportunity. Located in Lake County, this single-tenant property is currently vacant, offering immediate occupancy. The building boasts a single story, featuring over twelve exam rooms, a reception area, breakroom, multiple offices, an IT room, and a separate staff reception area. All exam rooms are equipped with running water. The meticulously maintained space is turnkey and conveniently situated on the second floor with direct elevator access. The property's prime location in Dyer, a family-friendly town in the northwest corner of Indiana, offers easy access to major transportation routes and the Chicago metropolitan area (approximately 30 miles southeast of downtown Chicago). Dyer provides a suburban atmosphere with residential neighborhoods, parks, and shopping amenities, and is known for its excellent schools. This is an ideal space for a medical practice seeking a move-in ready, well-appointed facility in a thriving community. The building's 4,860 square feet provides ample space for a variety of medical uses. This is a rare opportunity to acquire a high-quality medical office building in a desirable location.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.51 ac (65,993 SF)
APN 45-11-15-329-014.000-036
UPID US31-3178148

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
  • Physician Medical Clinic
  • Restaurant
  • Physician
  • Physician Medical Clinic
  • Dental Office

Location

275 Joliet St Dyer, IN 46311-1776
Dyer metro Census 42803 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$250k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$250k

Owner & transaction history

since 2023
2 recorded transactions
2024
Price N/A
2023
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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