1001 E Summit Street, 1, Crown Point, IN 46307
$1,600,000
Property Type:
Commercial Sale
Square Footage:
40,740
Lot Size (sq. ft.):
132,902
Status:
Closed
Current Price:
$1,600,000
List Date:
10/27/2014
Last Modified:
2/24/2024
Overview
Description
Listing Details MLS# 363448
General Property Information
- Living Area
- 40740
- Building Area Source
- Owner
- Year Built
- 1965
- Lot Size Acres
- 3.051
- Lot Size Square Feet
- 132902
- Lot Size Dimensions
- .
- Waterfront YN
- No
- Stories
- 0
Property Features
Building Features:
Business District Location; Concrete Ceiling(s); Docks Community; Multi Tenant; Open Dock(s); Other
Construction Materials:
Block; Stucco
Cooling:
Central Air
Current Use:
Investment; Mixed Use; Office; Warehouse
Electric:
220 Volts
Flooring:
Concrete; Tile
Foundation Details:
Concrete Perimeter
Heating:
Forced Air
Interior Features:
Elevator
Listing Terms:
Cash; Conventional
Parking Features:
Common
Possible Use:
Industrial; Mini-Storage; Mixed Use; Office
Rail Availability:
None
Road Frontage Type:
City Street
Roof:
Flat; Rubber
Security Features:
Fire Sprinkler System
Tenant Pays:
Gas
Utilities:
Cable Available; Electricity Connected; Natural Gas Available; Natural Gas Connected; Water Connected
Showing Requirements:
Appointment Only
Contract Information
- Auction YN
- No
- Original List Price
- 1799900
- Property Sub Type
- Industrial
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
- Occupant Name
- Various Occupants
Location Tax and Legal
- Street Number
- 1001
- Street Direction Prefix
- E
- Street Name
- Summit
- Street Suffix
- Street
- Unit Number
- Yes
- County
- Lake
- State
- IN
- Postal Code
- 46307
- Subdivision Name
- Crown Point Ventures 02
Remarks and Miscellaneous
- Public Remarks
- Great performing real estate asset in the busy commercial corridor of Summit Street in Crown Point, Indiana. With only 2 vacant units, this property is priced competitively with an upside on rents moving forward. Also included in asking price is the 1.6 Acre lot behind this building which adds for additional future income and development. PIN #451604301020000042
Status Change Information
- Major Change Timestamp
- 2015-04-30T11:49:11Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2015-04-30
- Offer Acceptance Date
- 2015-04-22
- Close Date
- 2015-04-30
- Close Price
- 1600000
- Buyer Financing
- Conventional
More Information
Exemption Information
- Exemption YN
- Y
Income and Expenses
- Electric Expense
- 816
- Expense Year
- 2014
- Gross Income
- 30576
- Gross Scheduled Income
- 231918
- Insurance Expense
- 1626
- Maintenance Expense
- 1765
- Net Operating Income
- 178785
- New Taxes Expense
- 26662
- Professional Management Expense
- 12000
- Total Actual Rent
- 201342
- Trash Expense
- 965
- Water Expense
- 3656
- Manager Expense
- 0
- Other Expense
- 0
- Sewer Expense
- 0
- Supplies Expense
- 0
Showing Requirements
- Showing Instructions
- Please call Jim Samuelson at 219-746-5747 to show.
- Appointment Only
- Yes
Historical Information
- Public Historical Remarks
- Utilities: On
Location, Tax, and Legal
- Postal Code +4
- 2727
- Tax Legal Description
- Legal Description: CROWN POINT VENTURES II LOT 1
- Parcel Number
- 451604301019000042
- Township
- Center
- Directions
- Rt. 30 to Taft. Head South. Taft will turn into Main Street in Crown Point, east on Summit to 1001 E. Summit.
Construction Materials
- Block
- Yes
- Stucco
- Yes
Cooling
- Central Air
- Yes
Electric
- 220 Volts
- Yes
Flooring
- Concrete
- Yes
- Tile
- Yes
Foundation Details
- Concrete Perimeter
- Yes
Heating
- Forced Air
- Yes
Interior Features
- Elevator
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Parking Features
- Common
- Yes
Road Frontage Type
- City Street
- Yes
Roof
- Flat
- Yes
- Rubber
- Yes
Security Features
- Fire Sprinkler System
- Yes
Utilities
- Cable Available
- Yes
- Electricity Connected
- Yes
- Natural Gas Available
- Yes
- Natural Gas Connected
- Yes
- Water Connected
- Yes
Auction
- Minimum Opening Bid
- 0
- Buyer Premium Amount
- 0
Tenant Pays
- Gas
- Yes
Current Use
- Investment
- Yes
- Mixed Use
- Yes
- Office
- Yes
- Warehouse
- Yes
Possible Use
- Industrial
- Yes
- Mini-Storage
- Yes
- Mixed Use
- Yes
- Office
- Yes
Building Features
- Business District Location
- Yes
- Concrete Ceiling(s)
- Yes
- Docks Community
- Yes
- Multi Tenant
- Yes
- Open Dock(s)
- Yes
- Other
- Yes
Rail Availability
- None
- Yes
Listing Office:
Anton Agency
Last Updated: February - 24 - 2024
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