160-206 Rail Road, Chesterton, IN 46304
$3,950,000
Property Type:
Commercial Sale
Square Footage:
21,240
Lot Size (sq. ft.):
174,676
Status:
Closed
Current Price:
$3,950,000
List Date:
12/11/2023
Last Modified:
4/08/2026
Overview
Description
Listing Details MLS# 542696
General Property Information
- Number Of Units Total
- 20
- Living Area
- 21240
- Building Area Source
- Assessor
- Year Built
- 2015
- Parking Total
- 60
- Lot Size Acres
- 4.01
- Lot Size Square Feet
- 174676
- Lot Size Source
- Assessor
- Lot Size Dimensions
- 418 x 456
- Waterfront YN
- No
- Basement YN
- Yes
- Stories
- 2
Property Features
Building Features:
Exterior Lighting; Mixed Use; Multi Tenant; Patio; Private Restrooms; Sheet Rock Ceiling(s)
Construction Materials:
Brick; Stone; Vinyl Siding
Cooling:
Central Air
Current Use:
Multi-Family; Office; Residential
Electric:
100 Amp Service; 200+ Amp Service
Flooring:
Carpet; Concrete; Tile
Foundation Details:
Concrete Perimeter
Heating:
Forced Air; Natural Gas
Listing Terms:
Cash; Conventional
Lock Box Information:
Call Listing Office
Parking Features:
Paved
Possession:
Close Of Escrow; Subject To Tenant Rights
Possible Use:
Medical/Dental; Mixed Use; Multi-Family; Office; Residential
Rail Availability:
None
Tenant Pays:
Gas; Water
Utilities:
Electricity Available; Electricity Connected; Natural Gas Available; Natural Gas Connected; Sewer Connected
Water Source:
Public
Showing Requirements:
Listing Agent Must Accompany
Contract Information
- Auction YN
- No
- Original List Price
- 4300000
- Property Sub Type
- Office
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
Location Tax and Legal
- Street Number
- 160-206
- Street Name
- Rail
- Street Suffix
- Road
- County
- Porter
- State
- IN
- Postal Code
- 46304
- Subdivision Name
- Tamarack Plaza
Remarks and Miscellaneous
- Public Remarks
- Tamarack Plaza consists of one commercial building containing 4 offices, 4 Four Unit Buildings containing 16 condominiums, 2 Five Bay Garages, 2 Four Bay Garages, 84 Parking spaces and 2 large buildable lots for commercial or multifamily mixed use. Office and units are 100% fully rented.
Status Change Information
- Major Change Timestamp
- 2026-04-08T21:11:25Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2026-04-08
- Offer Acceptance Date
- 2026-02-06
- Close Date
- 2026-04-08
- Close Price
- 3950000
- Concessions
- No
- Buyer Financing
- Seller Financing
More Information
Building Features
- Building Dimensions
- 82 x 32
- Number of Offices
- 4
- Office SqFt
- 7800
- Exterior Lighting
- Yes
- Mixed Use
- Yes
- Multi Tenant
- Yes
- Patio
- Yes
- Private Restrooms
- Yes
- Sheet Rock Ceiling(s)
- Yes
Exemption Information
- Exemption YN
- N
Frontage Type
- Frontage Length
- 418
Income and Expenses
- Expense Year
- 2022
- Gross Scheduled Income
- 292440
- Insurance Expense
- 8467
- Net Operating Income
- 240271
- New Taxes Expense
- 43702
- Supplies Expense
- 1494
- Total Actual Rent
- 292440
- Electric Expense
- 0
- Gross Income
- 0
- Maintenance Expense
- 0
- Manager Expense
- 0
- Other Expense
- 0
- Professional Management Expense
- 0
- Sewer Expense
- 0
- Trash Expense
- 0
- Water Expense
- 0
Showing Requirements
- Showing Instructions
- Call Listing Agent for specifics
- Listing Agent Must Accompany
- Yes
Historical Information
- Public Historical Remarks
- Utilities: On, Frontage Access: Public Road, Roof Structure: Gable,Pitched, Utilities: Storm Sewer Avail.
Location, Tax, and Legal
- Tax Annual Amount
- 30046.38
- Tax Year
- 2023
- Tax Legal Description
- Legal Description: Tamarack Plaza Condos 160-206
- Parcel Number
- Tbd
- Zoning Description
- Commercial
- Township
- Westchester
- Directions
- 49 to 1100 North, West to 100 East, South to Rail Road, East to property
- Cross Street
- 100 East
Construction Materials
- Brick
- Yes
- Stone
- Yes
- Vinyl Siding
- Yes
Cooling
- Central Air
- Yes
Electric
- 100 Amp Service
- Yes
- 200+ Amp Service
- Yes
Flooring
- Carpet
- Yes
- Concrete
- Yes
- Tile
- Yes
Foundation Details
- Concrete Perimeter
- Yes
Heating
- Forced Air
- Yes
- Natural Gas
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Lock Box Information
- Call Listing Office
- Yes
Parking Features
- Paved
- Yes
Possession
- Close Of Escrow
- Yes
- Subject To Tenant Rights
- Yes
Utilities
- Electricity Available
- Yes
- Electricity Connected
- Yes
- Natural Gas Available
- Yes
- Natural Gas Connected
- Yes
- Sewer Connected
- Yes
Water Source
- Public
- Yes
Tenant Pays
- Gas
- Yes
- Water
- Yes
Current Use
- Multi-Family
- Yes
- Office
- Yes
- Residential
- Yes
Possible Use
- Medical/Dental
- Yes
- Mixed Use
- Yes
- Multi-Family
- Yes
- Office
- Yes
- Residential
- Yes
Rail Availability
- None
- Yes
Listing Office:
CHERYL Real Estate Services, L
Last Updated: April - 08 - 2026
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