Skip To Content

1948 Indianapolis Boulevard

Whiting, IN 46394
  • $475,000
  • STATUS: Active
  • ON SITE: 93 Days
  • MLS #: 12511638
$475,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1927
County:
Area:

School Ratings & Info

Description

Welcome to 1948 Indianapolis Blvd, a prime multi-unit mixed-use property perfectly positioned in one of Northwest Indiana's most vibrant communities which sits on a double lot -just 45 minutes from Downtown Chicago! This solid brick building features retail space on the main level, three spacious units, including nine bedrooms and three bathrooms across the residential units-offering endless income potential. Whether you're an investor looking for strong rental returns or an entrepreneur seeking a live/work setup, this property checks all the boxes. Each unit is occupied with long-term, very dependable tenants and each unit is in great condition. Excellent investment or owner-occupant opportunity. Located along well traveled Indianapolis Blvd, this high-visibility location provides steady foot and vehicle traffic, ideal for retail, dining, or service businesses. Plus, it's just steps from Whiting's charming downtown, parks, restaurants, Lake Michigan's scenic shoreline and walking distance to the annual Summer Pierogi Fest! Only 45 minutes to Chicago-easy reverse commute to work or a weekend getaway. Don't miss this rare opportunity to own a versatile income-producing property in a growing community with small-town charm and city convenience! This Multi-unit + Retail is in a prime location with endless income potential.

Monthly Payment Calculator



© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or @properties. Based on information submitted to the MRED as of 2026-02-06T20:20:40.567 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
www.luxhomechicago.com/homes/169656984
Print Image

1948 Indianapolis Boulevard Whiting, IN 46394

  • Price: $475,000
  • Status: Active
  • On Site: 93 Days
  • MLS #: 12511638
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1927
Built
Neighborhood:
Lake
County:
Lake
Area:
Lake
Property Description
Welcome to 1948 Indianapolis Blvd, a prime multi-unit mixed-use property perfectly positioned in one of Northwest Indiana's most vibrant communities which sits on a double lot -just 45 minutes from Downtown Chicago! This solid brick building features retail space on the main level, three spacious units, including nine bedrooms and three bathrooms across the residential units-offering endless income potential. Whether you're an investor looking for strong rental returns or an entrepreneur seeking a live/work setup, this property checks all the boxes. Each unit is occupied with long-term, very dependable tenants and each unit is in great condition. Excellent investment or owner-occupant opportunity. Located along well traveled Indianapolis Blvd, this high-visibility location provides steady foot and vehicle traffic, ideal for retail, dining, or service businesses. Plus, it's just steps from Whiting's charming downtown, parks, restaurants, Lake Michigan's scenic shoreline and walking distance to the annual Summer Pierogi Fest! Only 45 minutes to Chicago-easy reverse commute to work or a weekend getaway. Don't miss this rare opportunity to own a versatile income-producing property in a growing community with small-town charm and city convenience! This Multi-unit + Retail is in a prime location with endless income potential.
Exterior Features

Foundation Details Concrete Perimeter Outdoor Parking 1-5 Spaces Roof Structure Flat

Interior Features

Cooling Window Unit(s) Flooring CarpetTileVinylWood Heat Ventilation Central Heat/Indiv Controls Miscellaneous Inside Multi-TenantPrivate Restroom/sBasement

Property Features

Additional Parcels YN No Approximate Age Older Building Area Total 3469 Built Before1978 YN Yes Electric Separate Meters Fire Protection Fire Extinguisher/s Geographic Locale Out of Area Gross Income 34200 Gross Scheduled Income 34200 Insurance Expense 2400 Location Mixed Use AreaIn City LimitsHigh Traffic Area Mls Actual Status Active Net Operating Income 25551 Number Of Tenants 3 Operating Expense 8649 Property Sub Type Mixed Use Rental Price 0 Tax Annual Amount 4569 Tax Year 2024 Tenant Pays ElectricityHeat Total Monthly Income 2850 Township North Type Mixed Use Zoning COMMR

Listing information © 2026 Midwest Real Estate Data LLC.
Listing provided courtesy of Coldwell Banker Realty: 219-865-9911.


© 2026 Midwest Real Estate Data LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by MTP, MRED or @properties. Based on information submitted to the MRED as of 2026-02-06T20:20:40.567 UTC. All data is obtained from various sources and has not been, and will not be, verified by broker or MRED. MRED supplied Open House information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. NOTICE: Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Digital Millennium Copyright Act
 
https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_12511638-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_12511638-1.jpg https://bt-photos.global.ssl.fastly.net/mred/1280_boomver_1_12511638-1.jpg
Logo
@properties
737 North Michigan Avenue, Suite 1800
Chicago IL, 60611