425 Joliet StDyer, IN 46311

Property Details for 425 Joliet St

Year built

2004

Construction

TYPE NOT SPECIFIED

Lot size

0.98 AC

Property size (Sq ft)

56,803 SF

Zone code

R3

Property type

Office buildings

APN

45-10-12-454-005.000-034

APU

451012454005000034

Description

This exceptional medical office building in Dyer, IN, offers 5,500 square feet of vacant space within a larger 56,800 square foot complex. Located at 425 Joliet St (near Church St), this single-tenant property features nine exam rooms, one x-ray room, private and bullpen offices, a nurse station, conference room, kitchenette, waiting room, and reception area. The building, constructed in 2004, boasts two buildings with four stories each and includes one elevator. The 0.98-acre lot is zoned for Downtown District use (APN: 45-10-12-454-005.000-034). This efficient layout provides convenient access for staff and patients. Tenant improvement allowances may be available depending on lease terms. The property is available Monday through Thursday. This is a highly competitive opportunity to establish or expand a medical practice in a desirable location. The space is ideal for a variety of medical specialties. The building's prime location and flexible pricing make this an attractive investment.

• CAP approach

  CAP return

  Valuation

  6%

  $18,254,866

  6.5%

  $16,850,644

  7%

  $15,647,027

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,398,591

  Geo Method

  $7,398,591

• Alternative Use

  Use

  Valuation

  Residential

  $20,894,800

  Hospitality

  $19,139,524

  Educational

  $15,923,859

  Medical

  $16,471,505

  Retail

  $24,770,448

Location Insight

City

Dyer

County

Lake

State

Indiana

Latitude

41.494

Longitude

-87.5183

CBSA code

16980

CBSA name

CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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