1387 Joliet StDyer, IN 46311

Property Details for 1387 Joliet St

Year built

2000

Construction

WOOD

Lot size

1.17 AC

Property size (Sq ft)

5,760 SF

Property type

Showrooms

APN

45-11-18-202-008.000-034

APU

451118202008000034

Description

This exceptional 2,040-square-foot Class A executive office building, constructed in 2021, presents a unique single-tenant occupancy opportunity in Dyer, Indiana. Situated on a 0.46-acre lot at 1387 Joliet Road (US Hwy 30), this property boasts a prime location within a thriving commercial corridor, experiencing a high daily traffic count of 42,180 vehicles. The building features a finished interior, including two bathrooms, and ample on-site surface parking with 30 spaces. The property is ideal for a variety of uses, including retail, office, medical, or quick-service restaurants (QSR), and even includes a drive-thru. The asking rent is $5,500 per month on a gross lease basis, with a minimum five-year lease term and a security deposit equivalent to one month's rent. Immediate occupancy is available. The property's address is 1387 Joliet Road, Dyer, IN 46311, and its APN is 45-11-18-202-009.000-034. This one-story building offers a convenient and highly visible location for businesses seeking to establish a strong presence in this dynamic area. The property is ready for immediate occupancy.

• CAP approach

  CAP return

  Valuation

  6%

  $2,721,117

  6.5%

  $2,511,800

  7%

  $2,332,386

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,890,605

  Geo Method

  $1,890,605

• Alternative Use

  Use

  Valuation

  Residential

  $2,118,797

  Hospitality

  $1,940,807

  Educational

  $1,614,729

  Medical

  $1,670,262

  Retail

  $2,511,800

Location Insight

City

Dyer

County

Lake

State

Indiana

Latitude

41.4928

Longitude

-87.4961

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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