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    Property profile & analytics

    502 142nd St East Chicago, IN 46312-2534

    • Theaters & concert halls
    • 3,228 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimation
    $295,000
    Last Sale
    Nov 15, 2022
    Location Intelligence
    Property ID
    US31-0272653
    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

    • Regal Adult Day Services / Home Help Service Agency / Adult Day Care Center

    Property Details for 502 142nd St

    Year built
    1980
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.07 lot acres
    Property size
    3,228 SF
    Property type
    Theaters & concert halls
    APN
    45-03-29-204-030.000-024
    APU
    450329204030000024

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $275,000

    • CAP approach

      CAP return
      Estimation
      6%
      $330,000
      6.5%
      $310,000
      7%
      $330,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $335,000
      Geo Method
      $370,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $330,000
      Retail
      $340,000
      Mixed-Use
      $355,000
      Hospitality
      $385,000
      Educational
      $290,000
      Residential Income
      $345,000
      Energy
      $345,000
      Income-Based Land
      $285,000
      Food Service
      $290,000

    Location Insight

    • Map
    • Local Demand
    City
    East Chicago
    County
    Lake
    State
    Indiana
    Longitude
    -87.4764
    Latitude
    41.6378
    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
    $9,392
    $16,100
    $180,700
    $196,800
    -
    $16,100
    $180,700
    $196,800

    Comparable in this City

    • Value Estimation by Request
      16,261 SF

      4840 Grasselli St, Unit 52

      THEATER (MOVIE) • 16,261 SF
      4840 Grasselli St, East Chicago, IN 46312-3503
      View Details
    • Value Estimation
      $465,000
      10,553 SF

      4915 Mccook Ave

      THEATER (MOVIE) • 10,553 SF
      4915 Mccook Ave, East Chicago, IN 46312-3757
      View Details
    • Value Estimation by Request
      17,230 SF

      4506 Tod Ave

      THEATER (MOVIE) • 17,230 SF
      4506 Tod Ave, East Chicago, IN 46312-3254
      View Details
    • Value Estimation
      $415,000
      2,402 SF

      4822 Kennedy Ave

      THEATER (MOVIE) • 2,402 SF
      4822 Kennedy Ave, East Chicago, IN 46312-3507
      View Details
    • Value Estimation
      $290,000
      1,360 SF

      4858 Kennedy Ave

      THEATER (MOVIE) • 1,360 SF
      4858 Kennedy Ave, East Chicago, IN 46312
      View Details
    • Value Estimation
      $300,000
      3,078 SF

      4830 Alexander Ave

      THEATER (MOVIE) • 3,078 SF
      4830 Alexander Ave, East Chicago, IN 46312-3542
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.14 Acres

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      Unimproved land near schools, restaurants, and shopping in East Chicago.
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    • $329,900
      4.08 Acres

      East Chicago Land Opportunity

      4.078 acre commercial land near I-80/94 and Illinois border.
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      Renovated 11-Unit Apartment Building

      Fully renovated 11-unit building with immediate cash flow potential.
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    • $750,000
      9,555 SF

      East Chicago Office Building

      9,555 SF office building for sale in East Chicago.
      810 W Chicago Ave, 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
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    • $95,000
      1,875 SF

      East Chicago Bar/Restaurant Opportunity

      Established bar/restaurant in East Chicago, ready for new ownership.
      604 W 151St St, East Chicago, IN 46312
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,960 SF

      East Chicago Warehouse with Storage

      Secured warehouse with outside storage, near major transportation routes.
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      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
      93,600 SF

      Industrial Space in East Chicago

      93,600 SF industrial property available for lease.
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      View Details
    • $14 SF/Yr
      3,835 SF

      East Chicago Retail Space For Lease

      Prime Retail Building, High Visibility
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      View Details
    • $1,500 /Mo
      3,750 SF

      East Chicago Bar/Restaurant Space

      Bar/Restaurant space for lease in East Chicago, Indiana.
      604 W 151St St, East Chicago, IN 46312
      View Details
    • 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
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    502 142nd St
    East Chicago, IN 46312-2534
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    Realmo Value Estimation

    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.

    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.

    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
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