Property profile

3100 Village Pt Chesterton, IN 46304

FOR LEASE
Medical Office Space
Property ID
US31-0561438
33,300 SF 1.97 ac lot Built 2009
Entity Owned 10-yr Hold Absentee Owner ~ Est. High Equity
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3100 Village Pt, Chesterton, IN 46304 For Lease
Contact for pricing 4,635 SF available
3100 Village Pt, Chesterton, IN 46304
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Property summary

AI-generated overview

This exceptional 4,635 square foot office space is located within the prestigious 3100 Village Point Professional Building in Chesterton, Indiana. The building offers a total of 32,000 square feet of office space, ideal for businesses seeking a professional and convenient location. This particular suite is immediately available and represents a rare opportunity to secure a significant amount of contiguous space. The suite is classified as both Executive and Medical Office space, making it suitable for a wide range of professional uses. The property is situated at 3100 Village Point, Chesterton, IN 46304, in Porter County. While the building offers multiple tenancies, this specific suite provides 4,635 square feet of contiguous space, representing the maximum contiguous space available. The minimum divisible space is also 4,635 square feet, indicating that this is a single, large suite. Parking is convenient with 5 spaces available for the building. This location offers easy access to local amenities and major transportation routes, making it an attractive option for businesses and professionals alike. The property is ready for immediate occupancy. This is a unique opportunity to secure a substantial, high-quality office space in a desirable location. Inquire today to learn more about this exceptional offering.

Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2009
Construction TYPE NOT SPECIFIED
Total area 33,300 SF
Lot 1.97 ac (85,726 SF)
APN 64-07-18-151-006.000-007
UPID US31-0561438

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
  • Medical Clinic
  • Financial Advisor
  • Medical Clinic
  • Physician
  • Physician Medical Clinic

Location

3100 Village Pt Chesterton, IN 46304
Chesterton metro Census 50104 CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.45M

Owner & transaction history

since 2016
5 recorded transactions
2016
Price N/A
2007
Price N/A
2007
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Retail stores $2.3M +16.3%
Restaurant $2.2M +13.8%
Industrial (general) $2.1M +5.1%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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