121 W Michigan, Michigan City, IN 46360 (MLS# 323249)

121 W Michigan, Michigan City, IN 46360

$525,000

Property Type: Commercial Sale Square Footage: 19,500 Lot Size (sq. ft.): 43,560 Status: Closed

Current Price: $525,000 List Date: 2/22/2013 Last Modified: 2/24/2024

Overview

Description

Property and building only.Made of brick and block.19,500 sq.ft. Prime property on the North end of Michigan City Lots of open area plus a # of offices and 50+ or - parking spaces. 2 Overhead doors,and a loading dock.THIS BUILDING HAS A SPRINKLER SYS.The expences of course will change with the new buyer.The newpaper will be relocating between the two towns.

Listing Details MLS# 323249

General Property Information

Living Area: 19500
Building Area Source: Assessor
Year Built: 1974
Lot Size Acres: Yes
Lot Size Square Feet: 43560
Lot Size Dimensions: 185 X 185
Stories: Yes

Property Features

Building Features: Acoustical Ceiling(s); Business District Location; Common Dock(s); Exposed Under Roof Ceiling(s); Exterior Lighting; Freight Elevator(s); Lunch Room; Meeting Room; Out Lot; Private Restrooms; Sheet Rock Ceiling(s); Suspended Ceiling(s) Construction Materials: Block; Brick; Concrete; Frame Cooling: Central Air; Exhaust Fan; Zoned Current Use: Office Flooring: Carpet; Concrete Foundation Details: Concrete Perimeter Heating: Ceiling; Central; Forced Air; Natural Gas Interior Features: Elevator Listing Terms: Cash; Conventional Lot Features: Corner Lot; Near Public Transit Parking Features: Open; Paved Possible Use: Automotive; Commercial; Medical/Dental; Mini-Storage; Mixed Use; Office; Place of Worship; Recreational; Retail; Warehouse; Other Rail Availability: None Road Frontage Type: City Street Roof: Flat; Tar/Gravel Security Features: Fire Sprinkler System; Security System Tenant Pays: None Utilities: Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected Water Source: Public Showing Requirements: 24 Hour Notice

Contract Information

Original List Price: 750000
Property Sub Type: Office
Listing Agreement: Exclusive Right To Sell
Occupant Type: Owner

Location Tax and Legal

Street Number: 121
Street Direction Prefix: W
Street Name: Michigan
County: La Porte
State: IN
Postal Code: 46360
Subdivision Name: no

Remarks and Miscellaneous

Public Remarks: Property and building only.Made of brick and block.19,500 sq.ft. Prime property on the North end of Michigan City Lots of open area plus a # of offices and 50+ or - parking spaces. 2 Overhead doors,and a loading dock.THIS BUILDING HAS A SPRINKLER SYS.The expences of course will change with the new buyer.The newpaper will be relocating between the two towns.

Status Change Information

Major Change Timestamp: 2013-09-04T12:20:47Z
Major Change Type: Status Change
Status Change Timestamp: 2013-09-04
Offer Acceptance Date: 2013-08-07
Close Date: 2013-09-04
Close Price: 525000
Buyer Financing: Cash

More Information

Building Features

Overhead Doors: 2
Acoustical Ceiling(s): Yes
Business District Location: Yes
Common Dock(s): Yes
Exposed Under Roof Ceiling(s): Yes
Exterior Lighting: Yes
Freight Elevator(s): Yes
Lunch Room: Yes
Meeting Room: Yes
Out Lot: Yes
Private Restrooms: Yes
Sheet Rock Ceiling(s): Yes
Suspended Ceiling(s): Yes

Exemption Information

Exemption YN: Y

Income and Expenses

Insurance Expense: 2159
New Taxes Expense: 12472
Electric Expense: 0
Gross Income: 0
Gross Scheduled Income: 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: 24 HRS. NOTICE
24 Hour Notice: Yes

Historical Information

Public Historical Remarks: Zoning: COMM, Utilities: On, Air Cond/Ventilation: Total, Utilities: Storm Sewer Avail., Fire Protect: Fire Extinguishers

Location, Tax, and Legal

Tax Legal Description: Legal Description: CALL L.O.
Parcel Number: 460129251024000022
Zoning Description: Commercial
Township: Michigan
Directions: FRANKLIN ST TO MICHIGAN AVE GO LEFT [WEST]

Construction Materials

Block: Yes
Brick: Yes
Concrete: Yes
Frame: Yes

Cooling

Central Air: Yes
Exhaust Fan: Yes
Zoned: Yes

Flooring

Carpet: Yes
Concrete: Yes

Foundation Details

Concrete Perimeter: Yes

Heating

Ceiling: Yes
Central: Yes
Forced Air: Yes
Natural Gas: Yes

Interior Features

Elevator: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Corner Lot: Yes
Near Public Transit: Yes

Parking Features

Open: Yes
Paved: Yes

Road Frontage Type

City Street: Yes

Roof

Flat: Yes
Tar/Gravel: Yes

Security Features

Fire Sprinkler System: Yes
Security System: Yes

Utilities

Electricity Connected: Yes
Natural Gas Connected: Yes
Phone Available: Yes
Sewer Connected: Yes
Water Connected: Yes

Water Source

Public: Yes

Auction

Minimum Opening Bid: 0
Buyer Premium Amount: 0

Tenant Pays

None: Yes

Current Use

Office: Yes

Possible Use

Automotive: Yes
Commercial: Yes
Medical/Dental: Yes
Mini-Storage: Yes
Mixed Use: Yes
Office: Yes
Place of Worship: Yes
Recreational: Yes
Retail: Yes
Warehouse: Yes
Other: Yes

Rail Availability

None: Yes

Listing Office: LaPorte County Realty, Inc.

Last Updated: February - 24 - 2024

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