119 S Calumet Road, Chesterton, IN 46304

$550,000
Property Type: Commercial Sale Square Footage: 6,682 Lot Size (sq. ft.): 4,922 Status: Closed
Current Price: $550,000 List Date: 12/08/2022 Last Modified: 2/24/2024

Overview

Description

Opportunities to become a central part of a thriving town are few and far between. This historic building with a successful, local tap business included, is that chance. Chesterton has become a beacon for tourism with the draw of Indiana Dunes National Park being minutes away. The locals in this town strive to support local businesses more than any adjacent community. Main Street Tap House sits at the top of the T at the busiest intersection in town. To the rear of the building development and planning has begun for a $13mil plus project along Coffee Creek. This opportunity is turnkey including the building, business, trade fixtures, liquor license, etc. Currently Main Street Tap House occupies the entire space. There are defined areas that could attract additional tenants.

Listing Details MLS# 523656

General Property Information

Living Area
6682
Building Area Source
Assessor
Year Built
1900
Lot Size Acres
0.113
Lot Size Square Feet
4922
Lot Size Dimensions
33x149
Stories
3

Property Features

Building Features: Balcony; Business District Location; Exposed Under Roof Ceiling(s); Meeting Room; Private Restrooms; Sheet Rock Ceiling(s) Construction Materials: Block; Brick Cooling: Central Air Current Use: Commercial; Mixed Use Electric: 100 Amp Service; 150 Amp Service; 200+ Amp Service Flooring: Wood Foundation Details: Block Heating: Radiant Interior Features: Elevator Listing Terms: Cash; Conventional Parking Features: Open; Paved Possession: Close Of Escrow Possible Use: Commercial; Mixed Use; Recreational; Retail; Other Rail Availability: None Road Frontage Type: City Street Roof: Flat; Rubber Security Features: Fire Alarm Special Licenses: Liquor Utilities: Electricity Connected; Natural Gas Available Water Source: Public Waterfront Features: River Front Showing Requirements: Appointment Only

Contract Information

Original List Price
649900
Property Sub Type
Mixed Use
Listing Agreement
Exclusive Right To Sell
Occupant Type
Owner

Location Tax and Legal

Street Number
119
Street Direction Prefix
S
Street Name
Calumet
Street Suffix
Road
County
Porter
State
IN
Postal Code
46304
Subdivision Name
Chesterton

Remarks and Miscellaneous

Public Remarks
Opportunities to become a central part of a thriving town are few and far between. This historic building with a successful, local tap business included, is that chance. Chesterton has become a beacon for tourism with the draw of Indiana Dunes National Park being minutes away. The locals in this town strive to support local businesses more than any adjacent community. Main Street Tap House sits at the top of the T at the busiest intersection in town. To the rear of the building development and planning has begun for a $13mil plus project along Coffee Creek. This opportunity is turnkey including the building, business, trade fixtures, liquor license, etc. Currently Main Street Tap House occupies the entire space. There are defined areas that could attract additional tenants.

Status Change Information

Major Change Timestamp
2024-02-18T02:08:36Z
Major Change Type
Price Reduced
Price Change Timestamp
2024-02-18T02:08:36Z
Status Change Timestamp
2023-05-12
Offer Acceptance Date
2023-02-09
Close Date
2023-05-12
Close Price
550000
Concessions
No
Buyer Financing
Conventional

More Information

Exemption Information

Exemption YN
Y

Frontage Type

Frontage Length
33

Income and Expenses

New Taxes Expense
4137
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
Use Showing Time
Appointment Only
Yes

Historical Information

Public Historical Remarks
Utilities: On, Frontage Access: Public Road,Signal Intersection, Parking: Public Parking, Fire Protect: Fire Extinguishers

Location, Tax, and Legal

Postal Code +4
2493
Tax Legal Description
Legal Description: O S & Q & B ADD LOT 7 BLK 3 TIF
Parcel Number
640336429009000023
Township
Westchester
Directions
Indian Boundary to South on Calumet

Construction Materials

Block
Yes
Brick
Yes

Cooling

Central Air
Yes

Electric

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

Flooring

Wood
Yes

Foundation Details

Block
Yes

Heating

Radiant
Yes

Interior Features

Elevator
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Parking Features

Open
Yes
Paved
Yes

Possession

Close Of Escrow
Yes

Road Frontage Type

City Street
Yes

Roof

Flat
Yes
Rubber
Yes

Security Features

Fire Alarm
Yes

Utilities

Electricity Connected
Yes
Natural Gas Available
Yes

Water Source

Public
Yes

Waterfront Features

River Front
Yes

Auction

Minimum Opening Bid
0
Buyer Premium Amount
0

Current Use

Commercial
Yes
Mixed Use
Yes

Possible Use

Commercial
Yes
Mixed Use
Yes
Recreational
Yes
Retail
Yes
Other
Yes

Building Features

Balcony
Yes
Business District Location
Yes
Exposed Under Roof Ceiling(s)
Yes
Meeting Room
Yes
Private Restrooms
Yes
Sheet Rock Ceiling(s)
Yes

Rail Availability

None
Yes

Special Licenses

Liquor
Yes
Listing Office: Seramur Properties, LLC
Last Updated: February - 24 - 2024
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