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
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
Showing Requirements
- Showing Instructions
- Call Listing Agent for specifics
Historical Information
- Public Historical Remarks
- Utilities: On, Frontage Access: Public Road, Roof Structure: Gable,Pitched, Utilities: Storm Sewer Avail.
Listing Office:
CHERYL Real Estate Services, L
Last Updated: April - 08 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2024 Triangle MLS, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.