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Property profile & analytics
FOR SALE
Strip malls
4802 Indianapolis Blvd East Chicago, IN 46312
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US31-0011320
For Sale
1 / 30
Contact for pricing
4802 Indianapolis Blvd, East Chicago, IN 46312
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Property summary
AI-generated overview
This 8,040 square foot retail building, located at 4802 Indianapolis Blvd in East Chicago, Indiana, presents a unique leasing opportunity. The property consists of a single suite, with 4,680 square feet currently vacant and available for lease. Situated on a 1.2-acre lot, the building enjoys a highly visible position on Indianapolis Boulevard, a major thoroughfare boasting over 13,000 vehicles per day. This high traffic count ensures significant exposure for any business occupying the space. The property is classified as a retail shop and is ideal for a variety of retail or service-oriented businesses. Utilities are not individually metered
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1996
Construction
WOOD
Total area
13,132 SF
Lot
0.44 ac (19,254 SF)
APN
45-03-29-384-015.000-024
UPID
US31-0011320
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
-
Laundry (Bike/Boat/Book/etc) Store
-
Woods Throne Laundry (Bike/Boat/Book/etc) Store
-
Pawn King East Chicago Discount Store (Bike/Boat/Book/etc) Store
-
Law Offices Milan Petrovic Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Intx I LLC · 11 yrs held
Intx I LLC
since 2015
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs East Chicago submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs East Chicago submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$19,304
Tax year 2022
Assessed value
$778,300
Assessed 2023
Previous assessed
$738,000
+5.5% YoY
Effective rate
2.48%
On assessed value
Assessed land
$55,500
Assessed improvement
$722,800
Land market value
$55,500
Improvement market value
$722,800
Total market value
$778,300
Applied tax rate
24.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Sale
Year built
1996
Construction
WOOD
Heating
NONE
Stories
2
Units
4
Total area
13,132 SF
Lot
0.44 ac (19,254 SF)
APN
45-03-29-384-015.000-024
UPID
US31-0011320
Jurisdiction
LAKE
Metro division
GARY, IN METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1996
Construction
WOOD
Heating
NONE
Stories
2
Units
4
Lot
0.44 ac
Current owner
From public records · entity-resolved
Intx I LLC
Entity
Mailing address
200 W 80TH PL, MERRILLVILLE, IN 46410-5430
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2016
—
Intx I LLC
—
Deed
related
$3,000,000 · Lafayette Bank & Trust Co
May 20, 2015
—
Intx I LLC
Mk Partnership LLC
Warranty Deed
$1,264,000 · Lafayette Bank & Trust Co
May 30, 2007
—
Mk Ptshp LLC
Radlovich,jovo & Djubinka
Warranty Deed
$864,000 · Allegiance Community Bank
Feb 27, 2007
—
Jovo Radlovich
Papadopoulos Katina
Grant Deed
$750,000 · Allegiance Community Bank
—
—
Mk Ptshp LLC
—
Deed Of Trust
related
$2,150,000 · Archer Bank
—
—
Mk Ptshp LLC
—
Deed Of Trust
related
$867,240 · Allegiance Community Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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