160-206 Rail Road Chesterton, IN ^$ 4,300,000

160-206 Rail Road

^$ 4,300,000

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160-206 Rail Road

Chesterton, IN, 46304

^$ 4,300,000

Bedrooms-- Baths-- Sq 21,240

Monthly Estimate*

^$ 26,826

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Commercial Property for sale in Chesterton, IN

for $4,300,000. This 21,240 square foot building was built in 2015 on a lot size of 4.01.

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.

Commercial Active

Price

^$ 4,300,000

Property Type

Commercial

Taxes

^$ 30,046

Style

Office

Lot Size

4.01

Year Built

2015

Town/City

Chesterton

County/Region

Porter

MLS | Web ID

542696

Features

General

Heating Forced Air Natural Gas

Utilities Electricity Available Sewer Connected Natural Gas Connected Natural Gas Available Electricity Connected

Year Built 2015

Electric 100 Amp Service 200+ Amp Service

Township Westchester

Property Subtype Office

Tax Year 2023

Gross Income 0

County Porter

Net Operating Income 240271

Insurance Expense 8467

Property Type Commercial Sale

MaintenanceExpense 0

Subdivision Name Tamarack Plaza

Building Features Exterior Lighting Sheet Rock Ceiling(s) Private Restrooms Patio Multi Tenant Mixed Use

Close Price 0

Status Active

Directions 49 to 1100 North West to 100 East South to Rail Road East to property

City Chesterton

Zoning Description Commercial

Lot Size Square Feet 174676

Listing Terms Cash Conventional

Tax Annual Amount 30046.38

Electric Expense 0

Trash Expense 0

Standard Status Active

Total Actual Rent 292440

Taxes 43702

Legal Description Legal Description: Tamarack Plaza Condos 160-206

Exterior

Parking Features Paved

Water Source Public

Total Parking 60

Lot Dimensions 418 x 456

Lot Size Acres 4.01

Frontage Length 418

Lot Size Source Assessor

Waterfront Y/N N

* Excluded Features

List By

Cheryl Bonin

Listing Agent

Cheryl Real Estate Services, L

Broker

cheryl.cherylnwi@gmail.com

Affordability Calculator

$29,330

Per Month

Monthly Principal & Interest: $26,826
Monthly Property Taxes: $2,504
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Chesterton, IN

Average List Price ^$1,631,000

Percent of Sale Price 62%

About Chesterton, IN

13,978 Population

19% Since 2002

^$68,928 Median Income

40.34 Median Age

32% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

1261196 Elementary School

1261197 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/11/2023	$4,300,000		Listed Price

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160-206 Rail Road, Chesterton, IN, 46304 is a Commercial Property for sale at $4,300,000 with 21,240 sqft and a lot size of 4.01. 160-206 Rail Road was built in 2015. The property's zip code is 46304 which is in Chesterton, IN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Greater Northwest Indiana Multiple Listing Service.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Greater Northwest Indiana Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/7/2025.

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160-206 Rail Road

Commercial Property for sale in Chesterton, IN

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