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Property profile & analytics
OFF-MARKET
Retail space

810 Chicago Ave 12 East Chicago, IN 46312-3307

9,555 SF 0.14 ac lot Built 1922
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US31-0570286
Property summary
AI-generated overview

This 9,555-square-foot ambulatory surgery center presents a unique investment opportunity in East Chicago, Indiana. Located at 810 W Chicago Ave, this Class B, single-story building sits on a 0.14-acre lot and boasts a desirable location with high visibility. Built in 1922 and extensively renovated in 2006 and 2017 (with a new roof in 2024), the property features two operating rooms, a six-bed recovery area with a nurse's station, exam rooms, a lab, physician's offices, and locker rooms. The building includes a backup generator and a sprinkler system, and is plumbed for medical gas. Some existing equipment is available as-is. The property enjoys excellent access, situated along W Chicago Ave (13,613 vehicles per day) between two signalized intersections, two miles from I-90 (28,543 vehicles per day), and within 500 feet of a public transit stop. Its proximity to St. Catherine Hospital (a 225-bed facility) and other ambulatory surgery centers within a ten-mile radius makes this an ideal location for medical practices. The property is offered at $750,000, representing a price per square foot of $78.49. The East Chicago location benefits from a revitalized downtown area and is part of the Chicago, IL MSA, offering access to a large population base and a favorable business environment. The property is currently vacant, presenting a chance for immediate occupancy or a value-add investment. The permitted zoning is commercial, and the property is offered fee simple.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1922
Construction WOOD
Total area 9,555 SF
Lot 0.14 ac (6,011 SF)
APN 45-03-29-332-009.000-024
UPID US31-0570286
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
  • Maitra Subir MD Physician
  • Lakeside Surgery Center Medical Clinic Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Value R & E Solutions LLC · 8 yrs held
Value R & E Solutions LLC
since 2017
2 recorded transactions
2017
Price N/A
2005
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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