
Listed by CENTURY 21 Affiliated Schererville
$700,000
16610 W 159th Street 103
Details
APN 1505183050581004
Property Type Office
Sub Type Traditional Office, Office/Tech
Cap Rate 8.00%
NOI $55,000
Year Built 2006
Zoning OFFIC
Office | 8.00% CAP
Marketing description
Great investment potential! A one-story, all-brick office building with a full basement, featuring nine-foot ceilings and located on a high-traffic stretch off 159th. Generous parking available around the units. In a community of multi-use buildings and neighboring a new residential rental development. The property includes a vestibule entry into a lobby with adjacent reception area as well as side entry. 6 office areas, a wet bar and bathroom on the main. Elevator or staircase to finished basement with a large conference room, an eat-in kitchen, a bathroom, numerous closets and storage areas. It boasts high-efficiency central air conditioning and 80% efficient gas forced air. Conveniently walkable to Jewel, Walmart, Walgreens, and various dining options. A short drive to I-355, Currently rented through 11/2026 at $6,000 mo. (8% CAP rate).
Listing Contacts

Listed by CENTURY 21 Affiliated Schererville
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$55,000.00
$4,583.33/mo
Valuation Metrics
0
DSCR
7.86%
Cap Rate
7.86%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?















































