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    FOR SALE
    Warehouses

    5137 Indianapolis Blvd, East Chicago, IN 46312

    21,120 SF 7.7 ac lot Built 1913
    Entity Owned 8-yr Hold Free & Clear
    Property ID
    US31-2044114
    5137 Indianapolis Blvd, East Chicago, IN 46312 For Sale
    $720,000 21,120 SF
    5137 Indianapolis Blvd, East Chicago, IN 46312
    View Listing →
    Property summary
    AI-generated overview

    This exceptional East Chicago, Indiana industrial property offers a compelling investment opportunity. Comprising three buildings totaling 57,752 square feet on a substantial 7.7-acre site, this multi-tenant warehouse, distribution, and manufacturing facility presents significant potential. Currently, 11,960 square feet are available for lease. The property boasts excellent access to major transportation arteries, including I-80/94, I-90, and Cline Avenue, ensuring efficient logistics and distribution. Its strategic location offers proximity to key industrial players, including steel mills, BP Amoco, and Toyota, providing immediate access to a robust workforce and established supply chains. The secure site includes valuable outside storage space, adding to its versatility and appeal. Situated just 3 miles from I-80/94 and a convenient 2.5 miles from the Illinois state line, this property benefits from a prime location within Lake County, Indiana, and zip code 46312. This is an ideal opportunity for investors seeking a well-positioned, multi-use industrial asset with strong growth potential.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1913
    Construction TYPE NOT SPECIFIED
    Total area 21,120 SF
    Lot 7.7 ac (335,412 SF)
    APN 45-03-32-251-054.000-024
    UPID US31-2044114
    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
    • Veolia Environmental Services Waste Management Facility Hazardous Waste Disposal
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $585k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $535k
    Blend (final) Blend
    $720k
    Owner & transaction history
    300 West 151st Street LLC · 8 yrs held
    300 West 151st Street LLC
    since 2017
    4 recorded transactions
    2019
    2017
    2005
    2004
    $2.0M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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