Property summary
This exceptional 4,000 square foot retail property, situated on a 0.32-acre lot at 870 Richard Road in Dyer, Indiana, presents a remarkable investment opportunity. Its prime location near the high-traffic intersection of Calumet Avenue and Route 30 (Lincoln Highway) ensures maximum visibility and accessibility. The all-brick, truss construction building is exceptionally durable and well-maintained. Previously operating as a successful daycare center, this versatile space is easily adaptable to a variety of commercial uses. The flexible layout allows for division into two or four separate units, catering to diverse business needs. The building features two separate vestibules, each with two access entries, providing ample space and convenient access for customers and employees. Two HVAC units and two electric services ensure efficient climate control and power distribution. Internal amenities include five bathrooms and one kitchen, adding to the functionality of the space. External access is provided by two front doors and four rear doors, enhancing convenience and flexibility. A fenced rear area offers additional security and potential for outdoor use. This property's strategic location, combined with its adaptable design and numerous features, makes it an ideal investment for discerning buyers seeking a high-traffic, high-visibility retail space in a thriving community. The asking price is $650,000.
Property profile
VerifiedCap rate & NOI
Current use
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Daycare Center Foster Care Service
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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