11515 W 250 N, Michigan City, IN 46360 (MLS# 514774)

11515 W 250 N, Michigan City, IN 46360

$775,000

Property Type: Commercial Sale Square Footage: 9,600 Lot Size (sq. ft.): 1,743,184 Status: Closed

Current Price: $775,000 List Date: 6/20/2022 Last Modified: 6/19/2024

Overview

Description

9,600 SF Warehouse building that housed paving company on 40 acres just out of city limits, 4 miles to I-94 interchange. Building is 160' x 60' +/- with four OHD's (two 40' x 14.5' and two 18' x 16') built in 2016. Metal over wood framing, reinforced concrete floors with 0.5'' tubing radiant floor heat with three manifolds, foam insulated walls, ceilings and OHDs, interior is metal panel covered, LED lighting. 40 acres total; 23 are tillable and leased to local farmer, 10 are wooded and around 7 acres house the building and paved with asphalt millings. See Plat and aerial photos.

Listing Details MLS# 514774

General Property Information

Living Area: 9600
Building Area Source: Builder
Year Built: 2016
Lot Size Acres: 40.018
Lot Size Square Feet: 1743184
Lot Size Dimensions: 1300' x 1341'
Stories: Yes

Property Features

Building Features: Exterior Lighting; Other Construction Materials: Frame; Steel Siding Cooling: None Current Use: Mixed Use; Warehouse Electric: 100 Amp Service; 150 Amp Service; 200+ Amp Service Flooring: Concrete Foundation Details: Concrete Perimeter Heating: Radiant Interior Features: Elevator Listing Terms: Other Parking Features: Common; Lighted; Oversized Possession: Negotiable Possible Use: Industrial; Mixed Use; Warehouse Rail Availability: None Road Frontage Type: County Road Roof: Metal Security Features: Fire Alarm; Security Lights; Security System Sewer: Septic Tank Tenant Pays: None Utilities: Electricity Available; Electricity Connected; Natural Gas Available; Natural Gas Connected Water Source: Private; Well Showing Requirements: Appointment Only

Contract Information

Auction YN: No
Original List Price: 875000
Property Sub Type: Industrial
Property Attached YN: No
Listing Agreement: Exclusive Right To Sell
Occupant Type: Owner

Location Tax and Legal

Street Number: 11515
Street Direction Prefix: W
Street Name: 250
Street Direction Suffix: N
County: La Porte
State: IN
Postal Code: 46360
Subdivision Name: N/A

Remarks and Miscellaneous

Public Remarks: 9,600 SF Warehouse building that housed paving company on 40 acres just out of city limits, 4 miles to I-94 interchange. Building is 160' x 60' +/- with four OHD's (two 40' x 14.5' and two 18' x 16') built in 2016. Metal over wood framing, reinforced concrete floors with 0.5'' tubing radiant floor heat with three manifolds, foam insulated walls, ceilings and OHDs, interior is metal panel covered, LED lighting. 40 acres total; 23 are tillable and leased to local farmer, 10 are wooded and around 7 acres house the building and paved with asphalt millings. See Plat and aerial photos.

Status Change Information

Major Change Timestamp: 2022-11-02T11:56:41Z
Major Change Type: Status Change
Status Change Timestamp: 2022-11-02
Offer Acceptance Date: 2022-09-21
Close Date: 2022-11-02
Close Price: 775000
Concessions: No
Buyer Financing: Cash

More Information

Building Features

Building Dimensions: 60' x 160'
Clear Ceiling Height: 18'
Exterior Lighting: Yes
Other: Yes

Exemption Information

Exemption YN: Y

Frontage Type

Frontage Length: 1300

Income and Expenses

New Taxes Expense: 1885
Electric Expense: 0
Gross Income: 0
Gross Scheduled Income: 0
Insurance Expense: 0
Maintenance Expense: 0
Manager Expense: 0
Net Operating Income: 0
Other Expense: 0
Professional Management Expense: 0
Sewer Expense: 0
Supplies Expense: 0
Total Actual Rent: 0
Trash Expense: 0
Water Expense: 0

Showing Requirements

Showing Instructions: Contact listing broker, please allow min. of48 hrs. notice.
Appointment Only: Yes

Historical Information

Public Historical Remarks: Zoning: AGRICULTURE, Utilities: On, Roof Structure: Gable, Overhead Doors:

Location, Tax, and Legal

Postal Code +4: 9465
Tax Legal Description: Legal Description: 11-05-19-100-010 S1/2 E1/2 NW1/4 S19 T37 R4 40.0179 AC
Parcel Number: 460519100010000046
Zoning Description: Agriculture
Township: Coolspring
Directions: South of I-94 interchange on Rt 421, turn west on 300N to County Line Road. South on County Line, east on 250 North, 2,000 ft to subject on north side of road.

Construction Materials

Frame: Yes
Steel Siding: Yes

Cooling

None: Yes

Electric

100 Amp Service: Yes
150 Amp Service: Yes
200+ Amp Service: Yes

Flooring

Concrete: Yes

Foundation Details

Concrete Perimeter: Yes

Heating

Radiant: Yes

Interior Features

Elevator: Yes

Listing Terms

Other: Yes

Parking Features

Common: Yes
Lighted: Yes
Oversized: Yes

Possession

Negotiable: Yes

Road Frontage Type

County Road: Yes

Roof

Metal: Yes

Security Features

Fire Alarm: Yes
Security Lights: Yes
Security System: Yes

Sewer

Septic Tank: Yes

Utilities

Electricity Available: Yes
Electricity Connected: Yes
Natural Gas Available: Yes
Natural Gas Connected: Yes

Water Source

Private: Yes
Well: Yes

Auction

Minimum Opening Bid: 0
Buyer Premium Amount: 0

Tenant Pays

None: Yes

Current Use

Mixed Use: Yes
Warehouse: Yes

Possible Use

Industrial: Yes
Mixed Use: Yes
Warehouse: Yes

Rail Availability

None: Yes

Listing Office: McColly Real Estate

Last Updated: June - 19 - 2024

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