4802 Indianapolis BlvdEast Chicago, IN 46312

Property Details for 4802 Indianapolis Blvd

Year built

1996

Construction

WOOD

Lot size

0.44 AC

Property size (Sq ft)

13,132 SF

Property type

Retail properties

Property subtype

Strip malls

APN

45-03-29-384-015.000-024

APU

450329384015000024

Description

This 8,040 square foot retail building, located at 4802 Indianapolis Blvd in East Chicago, Indiana, presents a unique leasing opportunity. The property consists of a single suite, with 4,680 square feet currently vacant and available for lease. Situated on a 1.2-acre lot, the building enjoys a highly visible position on Indianapolis Boulevard, a major thoroughfare boasting over 13,000 vehicles per day. This high traffic count ensures significant exposure for any business occupying the space. The property is classified as a retail shop and is ideal for a variety of retail or service-oriented businesses. Utilities are not individually metered

• CAP approach

  CAP return

  Valuation

  6%

  $6,203,768

  6.5%

  $5,726,556

  7%

  $5,317,516

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,310,316

  Geo Method

  $4,310,316

• Alternative Use

  Use

  Valuation

  Residential

  $4,830,564

  Hospitality

  $4,424,770

  Educational

  $3,681,357

  Medical

  $3,807,964

  Retail

  $5,726,556

Location Insight

City

East Chicago

County

Lake

State

Indiana

Latitude

41.6271

Longitude

-87.4813

CBSA code

16980

CBSA name

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

Property Tax & Assessments

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