Chesterton, IN
Commercial Real Estate Market Trends & Data

$150 Avg asking sale price
$12 Avg asking lease rate
48,135 SF Avg unit lease size
7,553 SF Avg building size for sale
6.78% Average cap rate

Chesterton's Demographic Profile

Chesterton has 6,332 households and a median income of $89,003, providing context for rent absorption and tenant demand across retail and multifamily assets. A +4% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 15,978
# Households 6,332
Median age 42
Median household income $89,003
Avg household size 3.0
Renter-occupied housing units 1,675
5-year population change +4%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Chesterton, IN

↻ Updated Monthly

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Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Chesterton $84 7,020 SF 7.24%
Burns Harbor $118 7,020 SF 7.24%
Portage $157 5,695 SF 7.24%
Nearby Retail Markets Avg Cost/SF Typical Size
Chesterton $186 6,996 SF
Porter $157 12,070 SF
Burns Harbor $249 3,612 SF
Beverly Shores $627 1,994 SF
Portage $181 6,070 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Chesterton $171 10,500 SF 6.31%
Porter $171 10,500 SF 6.31%
Valparaiso $146 4,000 SF 6.76%

Commercial Properties For Sale in Chesterton

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

700 Broadway Ave

Chesterton, IN 46304

  • 20,528 SF Retail Building
  • $1,339,000
For Sale

1441 W US Highway 20

Porter, IN 46304

  • 3,612 SF Retail Building
  • $900,000
For Sale

3+ Acres at US 20 & I-94 Interchange

Porter, IN 46304

  • 3.34 AC Lot
  • 1 Commercial Lot
  • $525,000
For Sale

1623 Portage Ave

Chesterton, IN 46304

  • 10,500 SF Multifamily
  • 6.31% Cap Rate
  • $1,800,000
For Sale

McEuen Law Offices

Portage, IN 46368

  • 1,643 SF Office Building
  • $399,000
For Sale

330 Indian Boundary Rd

Chesterton, IN 46304

  • 52 AC Lot
  • 1 Commercial Lot
  • $1,275,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Chesterton pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Chesterton $150 7,553 SF
Porter $162 11,547 SF
Burns Harbor $166 5,316 SF
Beverly Shores $627 1,994 SF
Portage $931 26,262 SF

Regional Demographic Comparison

This comparison places Chesterton alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Chesterton or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Chesterton 15,978 6,332 42 $89,003 3 1,675 4%
Porter 5,545 2,215 42 $88,692 3 518 2%
Burns Harbor 2,173 889 40 $81,713 2 283 5%
Beverly Shores 548 294 64 $108,048 2 31 -1%
Portage 39,023 15,206 40 $67,500 3 4,608 2%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Chesterton, IN and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Chesterton

View All Commercial Real Estate For Sale in Chesterton
Is Chesterton a good market for a first-time commercial real estate investor?

Chesterton offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Chesterton?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Chesterton. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Chesterton?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Chesterton. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Chesterton compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Chesterton. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Chesterton acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Chesterton, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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