2327 45Th StHighland, IN 46322

  • Commercial real estate
  • 8,944 SF
For Sale
$1,100,000 View listing

Property Details for 2327 45Th St

Year built
1992
Construction
WOOD
Lot size
0.50 AC
Property size (Sq ft)
8,944 SF
Property type
Commercial real estate
APN
45-07-29-477-007.000-026
APU
450729477007000026

Description

This exceptional all-brick professional building at 2327 45th Street, Highland, Indiana, presents a compelling investment opportunity. Situated on a half-acre lot, the property offers ample parking both in front and in the rear. Currently, the majority of the building is leased to a dental practice under a long-term agreement with a reliable tenant, ensuring consistent rental income. A significant advantage is the inclusion of a smaller, currently vacant office space in the rear, also available for lease, providing immediate potential for increased revenue. The main building features several upgraded private offices, ideal for a variety of professional uses. Furthermore, a fully equipped basement kitchen and employee cafe area adds to the building's functionality and appeal. The building's robust construction and established tenancy make this a low-maintenance, high-return investment. The asking price is $1,100,000. This property is well-suited for investors seeking a stable, income-generating asset with potential for future growth through the leasing of the vacant space. The combination of a strong existing tenant and the readily-leasable secondary space makes this a truly attractive opportunity in the Highland, Indiana market. The property's solid construction and desirable features ensure a long-term, profitable investment.

Location Insight

City
Highland
County
Lake
State
Indiana
Latitude
41.538
Longitude
-87.4725
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$14,088
$111,200
$533,200
$644,400
-
$111,200
$533,200
$644,400

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