Investment Overview

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/2396/ Marcus & Millichap is pleased to exclusively represent for sale the Lakeside Ambulatory Surgery Center located at 810 W Chicago Ave, East Chicago, Indiana (the “Property”). The Property presents a strong reposition opportunity to purchase a well-located former ambulatory surgery center 20 miles from Chicago. The Property features a total rentable building area of 9,555 square feet. The existing buildout includes two operating rooms, a recovery area with six beds and a nurse’s station, multiple exam rooms, a lab, physicians' offices, and locker rooms. Additional features include a backup generator, full sprinkler system, a new roof installed in 2024, and plumbing for medical gas. The building previously provided surgical services across a range of specialties, including gynecology, ENT, gastroenterology, general surgery, pain management, orthopedics, urology, podiatry, and cosmetic surgery. Certain equipment remains on site and is available for use by a new owner/tenant (in as-is condition). Contact the broker for a complete equipment list. Conveniently located along W Chicago Avenue (13,613 VPD) between two signalized intersections, the Property offers excellent visibility and accessibility. It is just 2-miles from the I-90 interchange (28,543 VPD) and only 500 feet from a regional bus stop, which provides direct service between Hammond and Gary — making it easily accessible for patients. The Property is positioned within a well-established healthcare hub, just 2-miles from St. Catherine Hospital — a 225-bed Powers Health facility and the largest integrated healthcare system in Northwest Indiana. St. Catherine Hospital is one of only 102 hospitals nationwide to receive a five-star rating for patient care from the Centers for Medicare & Medicaid Services. The nearest ambulatory surgery center (ASC) is Williams Eye Institute, located 5.25 miles away. Additionally, there are 9 ASCs within a 10-mile radius, offering a wide range of specialties including orthopedic surgery, neurology, pain management, plastic surgery, and ophthalmology. This Indiana office submarket offers a strong investment opportunity, with a stable vacancy rate of just 5.1 percent — well below the broader Chicago market. Over the past year, the submarket experienced positive absorption of 73,000 square feet and a 1 percent increase in rents. Over the past three years, the submarket grew by 55,000 square feet, with rents rising by 5 percent, outperforming the Chicago market average of 2.3 percent (CoStar Group, June 2024). East Chicago, Indiana, located within the Chicago, Illinois MSA (Population: 9,449,351; 3rd largest in the U.S.), sits just 20 miles from downtown Chicago. East Chicago’s downtown has undergone significant revitalization, highlighted by the redevelopment of North Harbor, the lakefront, and the marina. In 2024, the city continues to see new development, with a focus on infrastructure improvements and environmental sustainability. The area has a population of 179,369 within a five-mile radius, with an average household income of $61,074.