870 Richard Rd 4,043 SF Retail Building Dyer, IN 46311 $1,018,882 CAD ($252.01 CAD/SF) 10.92% Cap Rate

Market and Demographics. It's important to know who your ideal customers are when choosing a business location.
This property at 870 Richard Road, located in the easterly portion of Dyer, Indiana is situated just one block south of U.S. 30 (a.k.a. Lincoln Highway and or Joliet Street). Subject property is situated within a small professional business development which is one of several in this location. To the north, across Richard Road, is a Wendy’s restaurant, a Walgreens Drugstore, a First Midwest banking facility and an undeveloped lot. An area of Single-Family homes is located immediately to the south with several similar office building located directly to its east. To the immediate west is a professional Medical Facility.
Easy access to important facilities like shopping, drug stores, hospitals, post offices are a small list of businesses nearby.
Also located in the surrounding area are multiple strip shopping centers, several bank branches and restaurants. A community shopping center anchored by a Jewel/Osco is situated at the northwest corner of Route 30 and Calumet Ave.
Dyer provides a stable economic environment for new business opportunities.
The Dyer business district and this area have been experiencing rapid growth including the Rockwell residential development just a few blocks north. The extension of Calumet Ave north towards
I 80 /I 94 links Chicago to Dyer Indiana. U.S. 30 is the main east/west arterial thoroughfare which provides access to ILL 394 to the west and U.S. 41 and I 65 to the east. On a daily basis this property has an exposure to over 35,000 cars a day.
Just to give you the complete picture of the uniqueness of this property location and surrounding area.
Traffic; 35,000 cars daily pass on U.S. 30
45 minutes to downtown chicago
52 minutes to Ohare International
48 minutes to Midway International
20 Minutes to I 65
10 minutes to ILL 394
“Dyer's success as a town can be attributed to the many residents who unselfishly give their time to serve on the town's governing bodies. As clerk-treasurer, and as members of the town council, various commissions, boards, and committees, citizens of the town make key decisions benefiting the entire community. These individuals take responsibility over a wide variety of fronts, including infrastructure development, town services, planning, zoning, financing, and budgeting. By getting directly involved in local government or by exercising their right to vote, Dyer's residents do make a difference!”
“Emergency services in Dyer, Indiana, demonstrate strong collaboration from the Police, Fire, EMT, Street Department, and Building Department working together for the safety of the community. Seamless cooperation between emergency services and other town and county departments is vital for ensuring the safety of the community. Training together and using systems like NIMS demonstrate Dyer's commitment to coordinated emergency response.”
Dyer, Indiana offers a desirable blend of government, business and residential lifestyles. Growth Potential in Homeownership in the recent years at 5,709 show a strong local investment in the community, which benefits long-term business. Indiana offers lower tax rates, lesser regulatory burden, and a skilled workforce. Its unique close proximity to Illinois is a plus for its business partners. This property 870 Richard Road in Dyer Indiana benefits greatly where it is located.
Presently this building will accommodate a full-time daycare and preschool for 78 children with the potential up to 93 with some simple modifications.
5 bathrooms, full kitchen, laundry room, 2000 square foot outdoor area with a 6’ tall security/ privacy fence and a 200 square foot covered area. The 2 front entrances have 2 doors each inside a secure conditioned area for entry into the building. The rear of the building has 4 exit doors to the outside. The building structure is a reinforced block building with a brick veneer exterior and a Sheetrock and painted interior. The truss system for this building is a clear span which would allow for a wide open spacious 4000 Square foot open space less bathrooms and Mechanical Areas.
The building has 16/20 partitioned rooms including baths, closets, mechanical areas and 6 larger areas for other accommodations. Tile and carpet flooring on a reinforced concrete slab. This building is built to last. The majority of the interior has an acoustical 2x4 panel ceiling with 2x4 light fixtures. The building is equipped with a fire alarm system with station pulls at each exit door for a total of 8 pulls. Emergency lighting, strobe light/ sound fire alarms in each room. 2 furnaces, 2 air conditioners zoned to accommodate 1/2 of the total 4000 square foot building. This building can be divided with a minimum amount of effort to accommodate 2 tenants. Each half of the building has its own water, gas, and electric meters. The front of the building has 2 covered porches before entering the building connected with a 5’ wide sidewalk that travels the full width of the property. You have your own 16 space private parking with an ADA ramp located on the west side of the parking lot. The building has a 5’X 28’ lighted sign with a timer anchored to the Mansard Roof. The line of site for this sign can be seen from U.S. 30 Highway. West of the building is Calumet Avenue that crosses U.S. 30 controlled by a stop light and provides easy access to Richard Road for a peaceful ingress and egress to the property. To the east you have a very similar if not identical way to arrive safely onto Richard Road from Great Lakes Drive which also is controlled with a Stop Light.
It’s not hard to see the appeal that this property offers professionals. Peace of mind and easy access to one of America’s Crossroad Highways. This facility offers the hustle of U.S. 30 Traffic but the calmness of a residential street. Your clients will appreciate the thoughtfulness of your destination for their convenience. The sound of a good option is just that, this is a excellent choice for your business.