425 Joliet St Dyer, IN 46311-1765
- Office buildings
- 56,803 SF
- 0.98 lot acres
Current Use by Public Records
- Eco Chic Boutique / Consignment Shop / Fashion Accessories Store
- M&L Medical Supplies / Medical Supply Store
- Koransky, Bouwer & Poracky, P.C. / Law Firm
- Wayne Mrjenovich DDS / Dentist
- Pallone Jennifer A DO / Neurologist
Property Details for 425 Joliet St
- Year built
- 2004
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.98 lot acres
- Property size
- 56,803 SF
- Zone code
- R3
- Property type
- Office buildings
- APN
- 45-10-12-454-005.000-034
- APU
- 451012454005000034
Description
This exceptional medical office building in Dyer, IN, offers 5,500 square feet of vacant space within a larger 56,800 square foot complex. Located at 425 Joliet St (near Church St), this single-tenant property features nine exam rooms, one x-ray room, private and bullpen offices, a nurse station, conference room, kitchenette, waiting room, and reception area. The building, constructed in 2004, boasts two buildings with four stories each and includes one elevator. The 0.98-acre lot is zoned for Downtown District use (APN: 45-10-12-454-005.000-034). This efficient layout provides convenient access for staff and patients. Tenant improvement allowances may be available depending on lease terms. The property is available Monday through Thursday. This is a highly competitive opportunity to establish or expand a medical practice in a desirable location. The space is ideal for a variety of medical specialties. The building's prime location and flexible pricing make this an attractive investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $595,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $555,000
- 6.5%
- $590,000
- 7%
- $545,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $635,000
- Geo Method
- $545,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $635,000
- Retail
- $635,000
- Mixed-Use
- $585,000
- Hospitality
- $515,000
- Educational
- $620,000
- Residential Income
- $575,000
- Energy
- $515,000
- Income-Based Land
- $560,000
- Food Service
- $660,000
Location Insight
- Map
- Local Demand
- City
- Dyer
- County
- Lake
- State
- Indiana
- Longitude
- -87.5183
- Latitude
- 41.494
- CBSA code
- 16980
- CBSA name
- CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA