100 Brown Avenue, Chesterton, IN 46304

$551,700
Property Type: Commercial Sale Square Footage: 24,265 Lot Size (sq. ft.): 125,453 Status: Closed
Current Price: $551,700 List Date: 6/15/2018 Last Modified: 2/24/2024

Overview

Description

Rare find for in town property with industrial zoning. The property is currently rented to multiple tenants. Total rental income is $5,150/month. Owner pays all utilities.

Listing Details MLS# 436855

General Property Information

Living Area
24265
Building Area Source
Assessor
Year Built
1950
Lot Size Acres
2.88
Lot Size Square Feet
125453
Lot Size Dimensions
330 x 380
Stories
Yes

Property Features

Building Features: Concrete Ceiling(s); Enclosed Dock(s); Multi Tenant; Open Dock(s); Other Construction Materials: Block Cooling: Central Air; Zoned Current Use: Automotive; Investment; Office; Warehouse Flooring: Concrete; Varies Foundation Details: Concrete Perimeter Heating: Ceiling; Forced Air; Natural Gas; Zoned Interior Features: Elevator; High Speed Internet Listing Terms: Cash; Conventional Parking Features: Common; Private Possible Use: Automotive; Industrial; Mini-Storage; Office; Warehouse Rail Availability: None Road Frontage Type: City Street Roof: Flat; Rubber; Tar/Gravel Security Features: Fire Hydrant On Site Tenant Pays: None Utilities: Cable Available; Electricity Available; Electricity Connected; Natural Gas Available; Natural Gas Connected; Sewer Connected Water Source: Public Showing Requirements: Listing Agent Must Accompany

Contract Information

Auction YN
No
Original List Price
650000
Property Sub Type
Industrial
Property Attached YN
No
Listing Agreement
Exclusive Right To Sell
Owner Name
Complete Control Systems
Occupant Type
Tenant

Location Tax and Legal

Street Number
100
Street Name
Brown
Street Suffix
Avenue
County
Porter
State
IN
Postal Code
46304
Subdivision Name
Browns Add

Remarks and Miscellaneous

Public Remarks
Rare find for in town property with industrial zoning. The property is currently rented to multiple tenants. Total rental income is $5,150/month. Owner pays all utilities.

Status Change Information

Major Change Timestamp
2018-08-31T11:51:32Z
Major Change Type
Status Change
Status Change Timestamp
2018-08-31
Offer Acceptance Date
2018-08-03
Close Date
2018-08-31
Close Price
551700
Buyer Financing
Cash

More Information

Building Features

Building Dimensions
160 x 200
Clear Ceiling Height
11
Overhead Doors
6
Concrete Ceiling(s)
Yes
Enclosed Dock(s)
Yes
Multi Tenant
Yes
Open Dock(s)
Yes
Other
Yes

Exemption Information

Exemption YN
N

Frontage Type

Frontage Length
330

Income and Expenses

Electric Expense
5000
Expense Year
2016
Gross Scheduled Income
61800
Insurance Expense
1100
Net Operating Income
35800
New Taxes Expense
12500
Sewer Expense
1200
Total Actual Rent
61800
Water Expense
1200
Gross Income
0
Maintenance Expense
0
Manager Expense
0
Other Expense
0
Professional Management Expense
0
Supplies Expense
0
Trash Expense
0

Showing Requirements

Showing Instructions
Call or text listing agent Cheryl Bonin (219) 921-9883
Listing Agent Must Accompany
Yes

Historical Information

Public Historical Remarks
Zoning: INDUS, Utilities: On, Parking: Public Parking, Utilities: Storm Sewer Avail.

Location, Tax, and Legal

Postal Code +4
2387
Tax Legal Description
Legal Description: BROWNS ADD LOT 1-5 &VAC ALY &1/2 ST & PAR S RR N SUB 1.25 ACRES & PARCEL S RR N BROWNS DR391 P314 & PARCEL S RR NO ALLEY NE 36-37-6 1.634 ACRES
Parcel Number
640336260007000023
Zoning Description
Industrial
Township
Westchester
Directions
US Hwy 49 to Indian Boundary Road; West to t intersection of Calumet; South to first right on Brown St to 2nd building on right
Cross Street
Calumet

Construction Materials

Block
Yes

Cooling

Central Air
Yes
Zoned
Yes

Flooring

Concrete
Yes
Varies
Yes

Foundation Details

Concrete Perimeter
Yes

Heating

Ceiling
Yes
Forced Air
Yes
Natural Gas
Yes
Zoned
Yes

Interior Features

Elevator
Yes
High Speed Internet
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Parking Features

Common
Yes
Private
Yes

Road Frontage Type

City Street
Yes

Roof

Flat
Yes
Rubber
Yes
Tar/Gravel
Yes

Security Features

Fire Hydrant On Site
Yes

Utilities

Cable Available
Yes
Electricity Available
Yes
Electricity Connected
Yes
Natural Gas Available
Yes
Natural Gas Connected
Yes
Sewer Connected
Yes

Water Source

Public
Yes

Auction

Minimum Opening Bid
0
Buyer Premium Amount
0

Tenant Pays

None
Yes

Current Use

Automotive
Yes
Investment
Yes
Office
Yes
Warehouse
Yes

Possible Use

Automotive
Yes
Industrial
Yes
Mini-Storage
Yes
Office
Yes
Warehouse
Yes

Rail Availability

None
Yes
Listing Office: CHERYL Real Estate Services, L
Last Updated: February - 24 - 2024
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