1127 Max Mochal Highway, Burns Harbor, IN 46304
$935,000
Property Type:
Commercial Sale
Square Footage:
27,922
Lot Size (sq. ft.):
251,341
Status:
Closed
Current Price:
$935,000
List Date:
8/29/2014
Last Modified:
2/24/2024
Overview
Description
Listing Details MLS# 357527
General Property Information
- Living Area
- 27922
- Building Area Source
- Owner
- Year Built
- 1955
- Lot Size Acres
- 5.77
- Lot Size Square Feet
- 251341
- Lot Size Dimensions
- 1328 X 189
- Waterfront YN
- No
Property Features
Building Features:
Cranes; Commercial Park Location; Cranes; Exposed Under Roof Ceiling(s); Exterior Lighting; Industrial Park Location; Multi Tenant; Sheet Rock Ceiling(s); Other
Construction Materials:
Frame; Steel Siding; Vinyl Siding
Cooling:
Central Air; Window Unit(s); None
Current Use:
Automotive; Commercial; Mini-Storage; Office; Warehouse
Electric:
Circuit Breakers; Other
Flooring:
Carpet; Concrete; Tile; Varies; Other
Foundation Details:
Block; See Remarks
Heating:
Other
Interior Features:
Elevator; High Speed Internet
Listing Terms:
Cash; Conventional
Parking Features:
Common; Lighted; Oversized; Paved
Possible Use:
Automotive; Commercial; Mini-Storage; Office; Warehouse
Rail Availability:
None
Road Frontage Type:
Highway; State Road
Roof:
Composition; Metal; Mixed; Other
Sewer:
Private Sewer
Tenant Pays:
Gas
Utilities:
Cable Available; Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected
Water Source:
Public
Showing Requirements:
Appointment Only; Listing Agent Must Accompany
Contract Information
- Auction YN
- No
- Original List Price
- 997500
- Property Sub Type
- Mixed Use
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
Location Tax and Legal
- Street Number
- 1127
- Street Name
- Max Mochal
- Street Suffix
- Highway
- County
- Porter
- State
- IN
- Postal Code
- 46304
- Subdivision Name
- none
Remarks and Miscellaneous
- Public Remarks
- If you are looking for a turn-key investment property, look no further! Great rental history on these 84 self storage units, and the shop and office buildings! Self storage units are gated and each renter is assigned a code for entry. The back portion of the property offers room to add several more storage buildings. High traffic location with great exposure. Zoning is Business Park. Shop building has 2 overhead cranes. Convenient to the Steel Mills and other industry. Easy to manage, and showing a 10% cap rate! This is a great opportunity for an absentee owner, or a user of some of the space that is looking for additional income. Priced well below appraisal!
Status Change Information
- Major Change Timestamp
- 2015-03-05T12:48:51Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2015-03-05
- Offer Acceptance Date
- 2015-02-23
- Close Date
- 2015-03-05
- Close Price
- 935000
- Buyer Financing
- Conventional
More Information
Exemption Information
- Exemption YN
- Y
Income and Expenses
- Electric Expense
- 2201
- Expense Year
- 2013
- Gross Scheduled Income
- 123942
- Insurance Expense
- 3455
- Net Operating Income
- 95115
- New Taxes Expense
- 13325
- Other Expense
- 284
- Sewer Expense
- 545
- Supplies Expense
- 731
- Total Actual Rent
- 123942
- Trash Expense
- 697
- Water Expense
- 272
Showing Requirements
- Showing Instructions
- 48 hours minimum notice for access to any buildings. LA will be present for all showings requiring access to any buildings., Use Showing Assist. 48 hours minimum notice.
Historical Information
- Public Historical Remarks
- Zoning: COMM, Utilities: On, Frontage Access: Public Road, Roof Structure: Gable,Pitched
Listing Office:
Evolution Real Estate Solution
Last Updated: February - 24 - 2024
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