Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    425 151St St East Chicago, IN 46312

    • Manufacturing properties
    • 267,234 SF
    • 15.62 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US31-3540842
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • M B Real Estate / Real Estate Agency
    • BROCK INDUSTRIAL / Construction And Maintenance Office / Contractor
    • Crossroads steel supply / Manufacturer
    • Majac Inc / Steel Fabricator

    Property Details for 425 151St St

    Year built
    1913
    Construction
    TYPE NOT SPECIFIED
    Lot size
    15.62 lot acres
    Property size
    267,234 SF
    Property type
    Manufacturing properties
    APN
    45-03-32-276-003.000-024
    APU
    450332276003000024

    Description

    This East Chicago, Indiana industrial property offers 11,469 square feet of flexible warehouse space, divisible to a minimum of 500 square feet. Currently, 10,469 square feet is available for lease in this multi-tenant facility located at 425 W 151st St, East Chicago, IN 46312. The warehouse is ideal for businesses requiring storage and workspace, with racking available. Tenants are permitted to work on and store inventory within the shared space. Note that this is a non-temperature-controlled facility with no office space included. Prohibited uses include hazardous materials, food-grade products, automotive work, woodworking, and overnight parking. The property boasts a robust security system, including 24-hour video monitoring and motion sensors, ensuring the safety of stored goods. Conveniently located within five miles of major interstates and toll roads in Northwest Indiana, this warehouse offers easy access to regional transportation networks. Operating hours are 8 AM to 5 PM, Monday through Friday, with flexible scheduling considered on a case-by-case basis. The annual property tax cost is $1 per square foot.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $25,840,000
      6.5%
      $23,850,000
      7%
      $22,150,000

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $35,300,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    East Chicago
    County
    Lake
    State
    Indiana
    Longitude
    -87.4736
    Latitude
    41.6203
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $106,635
    $898,300
    $2,658,200
    $3,556,500
    -
    $898,300
    $2,658,200
    $3,556,500

    Comparable in this City

    • Value Estimation
      $8,780,000
      76,740 SF

      4949 Huish Dr

      MANUFACTURING (LIGHT) • 76,740 SF
      4949 Huish Dr, East Chicago, IN 46312-3768
      View Details
    • Value Estimation
      $23,355,000
      254,595 SF

      Y S T Co

      MILL (FEED, GRAIN, LUMBER, TEXTILE) • 254,595 SF
      Y S T Co, East Chicago, IN 46312
      View Details
    • Value Estimation
      $4,440,000
      33,616 SF

      5400 Cline Ave

      MANUFACTURING (LIGHT) • 33,616 SF
      5400 Cline Ave, East Chicago, IN 46312-3560
      View Details
    • Value Estimation
      $510,000
      3,085 SF

      5200 Railroad Ave

      MANUFACTURING (LIGHT) • 3,085 SF
      5200 Railroad Ave, East Chicago, IN 46312-3841
      View Details
    • Value Estimation
      $8,595,000
      65,055 SF

      3330 Aldis St

      MANUFACTURING (LIGHT) • 65,055 SF
      3330 Aldis St, East Chicago, IN 46312-1828
      View Details
    • Value Estimation
      $1,135,000
      19,450 SF

      5334 Indianapolis Blvd, Unit 40

      MANUFACTURING (LIGHT) • 19,450 SF
      5334 Indianapolis Blvd, East Chicago, IN 46312-3839
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      East Chicago Industrial Distribution Center

      57,752 SF Distribution Facility on 7.7 Acres
      5137 Indianapolis Blvd, East Chicago, IN 46312
      View Details
    • Contact for pricing
      8,040 SF

      Mixed-Use Property on Indianapolis Boulevard

      Mixed-use property with residential and commercial units on Indianapolis Boulevard.
      4802 Indianapolis Blvd, East Chicago, IN 46312
      View Details
    • Contact for pricing
      12,000 SF

      East Chicago Office Building Available

      Office building near I-90 and residential area for sale.
      4518 Indianapolis Blvd, East Chicago, IN 46312
      View Details
    • Contact for pricing

      Land in Established Neighborhood

      Vacant lot in established neighborhood, close to amenities.
      4719 Mccook Ave, East Chicago, IN 46312
      View Details
    • $329,900
      4.08 Acres

      East Chicago Land Opportunity

      4.078 acre land parcel near major transportation routes.
      1300 W 145Th St, East Chicago, IN 46312
      View Details
    • $95,000
      1,875 SF

      East Chicago Commercial Property For Sale

      Commercial property in East Chicago, Indiana, with strong local visibility.
      604 W 151St St, East Chicago, IN 46312
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      32,752 SF

      Industrial Buildings Near Major Highways

      Three industrial buildings totaling 57,752 SF on 7.7 acres.
      East Chicago, IN 46312
      View Details
    • $12 SF/Yr
      11,469 SF

      East Chicago Warehouse Space Available

      Flexible Industrial Space, 500-10,469 sq ft
      425 151St St, East Chicago, IN 46312
      View Details
    • Contact for pricing
      11,960 SF

      East Chicago Warehouse with Storage

      Secured warehouse with outside storage, near major transportation routes.
      5137 Indianapolis Blvd, East Chicago, IN 46312
      View Details
    • $14 SF/Yr
      3,835 SF

      East Chicago Retail Space For Lease

      Prime Retail Building, High Visibility
      2002 Columbus Dr, East Chicago, IN 46312
      View Details
    • $1,500 /Mo
      3,750 SF

      East Chicago Commercial Space For Rent

      Commercial space for rent in East Chicago, Indiana.
      604 W 151St St, East Chicago, IN 46312
      View Details
    • $14 SF/Yr

      Renovated Retail Space on Corner

      Newly renovated retail space in high-visibility Harbor neighborhood location.
      2002 E Columbus Dr, East Chicago, IN 46312
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    425 151St St
    East Chicago, IN 46312
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.