1202 Formula Drive, Valparaiso, IN 46383
$900,000
Property Type:
Commercial Sale
Square Footage:
47,808
Lot Size (sq. ft.):
215,012
Status:
Closed
Current Price:
$900,000
List Date:
7/08/2014
Last Modified:
2/24/2024
Overview
Description
Listing Details MLS# 353907
General Property Information
- Living Area
- 47808
- Building Area Source
- Owner
- Year Built
- 1975
- Lot Size Acres
- 4.936
- Lot Size Square Feet
- 215012
- Lot Size Dimensions
- Irregular
- Waterfront YN
- No
- Stories
- Yes
Property Features
Building Features:
Common Dock(s); Docks Community; Exposed Under Roof Ceiling(s); Mixed Use; Private Restrooms
Construction Materials:
Aluminum Siding; Block
Cooling:
Central Air; Window Unit(s)
Current Use:
Mini-Storage; Office
Electric:
100 Amp Service; 150 Amp Service; 200+ Amp Service
Flooring:
Concrete
Foundation Details:
Concrete Perimeter
Heating:
Forced Air; Natural Gas; None
Interior Features:
Elevator
Listing Terms:
Cash; Conventional
Parking Features:
Common; Open; Paved; Unpaved
Possible Use:
Mini-Storage; Warehouse
Rail Availability:
None
Road Frontage Type:
Easement; Other
Roof:
Metal
Security Features:
Security Lights
Tenant Pays:
None
Utilities:
Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Water Source:
Public
Showing Requirements:
24 Hour Notice; Listing Agent Must Accompany
Contract Information
- Auction YN
- No
- Original List Price
- 1060000
- Property Sub Type
- Office
- Listing Agreement
- Exclusive Right To Sell
- Owner Name
- Showing Appt Hotline
- Owner Phone
- 219-5487837
- Occupant Type
- Tenant
- Occupant Name
- Showing Appt Hotline
Location Tax and Legal
- Street Number
- 1202
- Street Name
- Formula
- Street Suffix
- Drive
- County
- Porter
- State
- IN
- Postal Code
- 46383
- Subdivision Name
- Blalock Orchard
Remarks and Miscellaneous
- Public Remarks
- Superb revenue potential from these offices and particularly storage units with just a little attention. Fairly full tenancy with little to no marketing as to availability. Could also be combined for great development potential. Buildings also built 1976, 77, 79, & 80. Addl Parcel 641019103002000004. One story retail building 2.784 sq. ft.. Mini warehouse, 13 buildings, 14,184 sq. ft, 125 units, 60 *' overhead doors, 64 12 overhead doors, and 1 14' overhead door. Warehouse 3,840 sq. ft. Property being offered as is and subject to court approval. Information provided is accurate to the best of sellers knowledge and belief.
Status Change Information
- Major Change Timestamp
- 2015-12-17T13:23:56Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2015-12-17
- Offer Acceptance Date
- 2015-12-02
- Close Date
- 2015-12-17
- Close Price
- 900000
- Buyer Financing
- Conventional
More Information
Building Features
- Building Dimensions
- various
Exemption Information
- Exemption YN
- Y
Income and Expenses
- Expense Year
- 2013
- Gross Income
- 86191
- Gross Scheduled Income
- 169514
- Net Operating Income
- 54328
- New Taxes Expense
- 24928
Showing Requirements
- Showing Instructions
- Use Showing Asst or Showing Appt Hotline 219-548-7837, Use Showing Asst or Showing Appt Hotline 219-548-7837
Historical Information
- Public Historical Remarks
- Utilities: On, Air Cond/Ventilation: Office Only, Roof Structure: Pitched
Listing Office:
BHHS Indiana Realty
Last Updated: February - 24 - 2024
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