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Property profile & analytics
OFF-MARKET Estimated value $21,295,000
Manufacturing properties

425 151st St East Chicago, IN 46312-3855

267,234 SF 15.62 ac lot Built 1913
Entity Owned 20-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US31-3540842
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1913
Construction TYPE NOT SPECIFIED
Total area 267,234 SF
Lot 15.62 ac (680,494 SF)
APN 45-03-32-276-003.000-024
UPID US31-3540842
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • M B Real Estate Real Estate Agency
  • BROCK INDUSTRIAL Construction Company General Contractor
  • Crossroads steel supply Industrial Manufacturer Production Facility
  • Majac Inc Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$23.85M
Comparable Approach Comparable
by Request
Blend (final) Blend
$21.30M
Owner & transaction history
Cjf4 LLC · 20 yrs held
Cjf4 LLC
since 2006
4 recorded transactions
2006
Price N/A
2005
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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