1227-1239 Hwy 39 N, La Porte, IN 46350

$800,000
Property Type: Commercial Sale Square Footage: 11,600 Lot Size (sq. ft.): 31,363 Status: Closed
Current Price: $800,000 List Date: 7/01/2014 Last Modified: 2/24/2024

Overview

Description

Investors, what a rare opportunity!! This listing includes 3 separate buildings with long term and well established tenants!! One is the 5600 Sq. Ft, currently leased and known as the Dance Studio. Plus, the Lakeview Plaza which includes 5 separate leasing units totaling 6000 Sq. Ft. all with separate gas and electric services. PLUS A FANTASTIC LOCATION!!! These properties are both located and visible right near the very busy intersection of Pine Lake Avenue and HWY 39 North. This highway also leads to the Indiana Toll Road. Please call to schedule your appointment to see this rare investment opportunity!Additional Brick bldg. on corner included and currently rented as a well est. restaurant.

Listing Details MLS# 353549

General Property Information

Living Area
11600
Building Area Source
Assessor
Year Built
1996
Lot Size Acres
0.72
Lot Size Square Feet
31363
Lot Size Dimensions
230 X 104 plus 104.3x25x79.5x120.75
Waterfront YN
No
Stories
0

Property Features

Building Features: Acoustical Ceiling(s); Exterior Lighting; Mixed Use; Multi Tenant; Private Restrooms; Strip Mall Location; Other Construction Materials: Brick; Concrete; Frame; Steel Siding; Stone; Other Cooling: Central Air Current Use: Mixed Use; Office Electric: 100 Amp Service; 150 Amp Service; 200+ Amp Service; Circuit Breakers Flooring: Carpet; Tile; Vinyl Foundation Details: Concrete Perimeter Heating: Forced Air; Natural Gas Interior Features: Elevator Listing Terms: Cash; Conventional; Other Parking Features: Private Possible Use: Medical/Dental; Mixed Use; Office Rail Availability: None Road Frontage Type: State Road Roof: Metal; Other Security Features: Security Lights Tenant Pays: Gas; Water Utilities: Electricity Connected; Natural Gas Connected; Water Connected View: Water Water Source: Public Showing Requirements: 24 Hour Notice

Contract Information

Auction YN
No
Original List Price
700000
Property Sub Type
Mixed Use
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant

Location Tax and Legal

Street Number
1227-1239
Street Name
Hwy 39
Street Direction Suffix
N
County
La Porte
State
IN
Postal Code
46350
Subdivision Name
NA

Remarks and Miscellaneous

Public Remarks
Investors, what a rare opportunity!! This listing includes 3 separate buildings with long term and well established tenants!! One is the 5600 Sq. Ft, currently leased and known as the Dance Studio. Plus, the Lakeview Plaza which includes 5 separate leasing units totaling 6000 Sq. Ft. all with separate gas and electric services. PLUS A FANTASTIC LOCATION!!! These properties are both located and visible right near the very busy intersection of Pine Lake Avenue and HWY 39 North. This highway also leads to the Indiana Toll Road. Please call to schedule your appointment to see this rare investment opportunity!Additional Brick bldg. on corner included and currently rented as a well est. restaurant.

Status Change Information

Major Change Timestamp
2024-02-18T02:31:42Z
Major Change Type
Price Change
Price Change Timestamp
2024-02-18T02:31:42Z
Status Change Timestamp
2014-12-02
Offer Acceptance Date
2014-10-02
Close Date
2014-12-02
Close Price
800000
Buyer Financing
Conventional

More Information

Exemption Information

Exemption YN
Y

Income and Expenses

New Taxes Expense
12852
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
Please call listing agent for appointment
24 Hour Notice
Yes

Historical Information

Public Historical Remarks
Utilities: On, Roof Structure: Truss, Fire Protect: Fire Extinguishers

Location, Tax, and Legal

Tax Legal Description
Legal Description: 05-06-27-228-004 PCE E SD E1/2 NE1/4 S27 T37 R3 .720 AC & E1/2NE1/4 of McClung Rd. S27 T37 R3 .235 A.
Parcel Number
460627228004000043
Directions
Pine Lake Avenue then onto 39 North. Property on right
Cross Street
Pine Lake Avenue

Construction Materials

Brick
Yes
Concrete
Yes
Frame
Yes
Steel Siding
Yes
Stone
Yes
Other
Yes

Cooling

Central Air
Yes

Electric

100 Amp Service
Yes
150 Amp Service
Yes
200+ Amp Service
Yes
Circuit Breakers
Yes

Flooring

Carpet
Yes
Tile
Yes
Vinyl
Yes

Foundation Details

Concrete Perimeter
Yes

Heating

Forced Air
Yes
Natural Gas
Yes

Interior Features

Elevator
Yes

Listing Terms

Cash
Yes
Conventional
Yes
Other
Yes

Parking Features

Private
Yes

Road Frontage Type

State Road
Yes

Roof

Metal
Yes
Other
Yes

Security Features

Security Lights
Yes

Utilities

Electricity Connected
Yes
Natural Gas Connected
Yes
Water Connected
Yes

View

Water
Yes

Water Source

Public
Yes

Auction

Minimum Opening Bid
0
Buyer Premium Amount
0

Tenant Pays

Gas
Yes
Water
Yes

Current Use

Mixed Use
Yes
Office
Yes

Possible Use

Medical/Dental
Yes
Mixed Use
Yes
Office
Yes

Building Features

Acoustical Ceiling(s)
Yes
Exterior Lighting
Yes
Mixed Use
Yes
Multi Tenant
Yes
Private Restrooms
Yes
Strip Mall Location
Yes
Other
Yes

Rail Availability

None
Yes
Listing Office: County-Wide Properties, LLC
Last Updated: February - 24 - 2024
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