1032 119Th StWhiting, IN 46394

Property Details for 1032 119Th St

Year built

2008

Construction

WOOD

Lot size

0.43 AC

Property size (Sq ft)

3,600 SF

Property type

Medical offices

Property subtype

Medical centers

APN

45-03-07-178-002.000-023

APU

450307178002000023

Description

This well-maintained, all-brick professional office building is ideally situated just blocks from Whiting's vibrant downtown area and offers convenient access to Lake Michigan. The property boasts a generous 0.43-acre lot, providing ample space for parking and potential future expansion. The building's all-brick construction ensures durability and low maintenance. Its prime location makes it highly attractive to a variety of businesses seeking a professional and accessible environment. The proximity to downtown Whiting provides easy access to local amenities, restaurants, and services, while the nearby Lake Michigan access offers a desirable location for employees and clients alike. This presents a unique opportunity for businesses seeking a well-established and conveniently located office space in a thriving community. The building's solid construction and desirable location make it an excellent investment opportunity with strong potential for rental income or owner-occupancy. Serious inquiries are encouraged to explore the possibilities this property offers. The asking price is $849,990. The square footage is not currently available.

• CAP approach

  CAP return

  Valuation

  6%

  $1,156,937

  6.5%

  $1,067,942

  7%

  $991,661

• Comparable approach

  Method

  Valuation

  Relative Method

  $468,900

  Geo Method

  $468,900

• Alternative Use

  Use

  Valuation

  Residential

  $1,324,248

  Hospitality

  $1,213,004

  Educational

  $1,009,205

  Medical

  $1,043,914

  Retail

  $1,569,875

Location Insight

City

Whiting

County

Lake

State

Indiana

Latitude

41.679

Longitude

-87.5021

CBSA code

16980

CBSA name

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

Property Tax & Assessments

FAQs

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