1290 Arrowhead Court, Crown Point, IN 46307 (MLS# 316733)

1290 Arrowhead Court, Crown Point, IN 46307

$650,000

Property Type: Commercial Sale Square Footage: 12,100 Lot Size (sq. ft.): 43,560 Status: Closed

Current Price: $650,000 List Date: 10/17/2012 Last Modified: 2/24/2024

Overview

Description

Great investment opportunity in Arrowhead Ridge Industrial Park. Immediate upside for an owner-occupied building currently partially leased to a long term tenant. Currently over 5,00 square feet is leased. There is approximately 3,000+ square feet of available office space and 4,000 square feet of vacant warehouse remaining. The available office is made up of 6 individual offices, a reception area, and a large administrative area. Flooring, walls and trim package is relatively new. The warehouse space features 12 foot ceiling, with a 10 foot overhead door. The building has capacity for 42 parking spaces. Call for an appointment today.

Listing Details MLS# 316733

General Property Information

Living Area: 12100
Building Area Source: Assessor
Accessibility Features YN: Yes
Year Built: 2000
Lot Size Acres: Yes
Lot Size Square Feet: 43560
Lot Size Dimensions: 1 acre
Stories: Yes

Property Features

Building Features: Commercial Park Location; Enclosed Dock(s); Meeting Room; Office Park Location; Private Restrooms; Sheet Rock Ceiling(s); Suspended Ceiling(s); Other Construction Materials: Block; Brick; Concrete Cooling: Central Air Current Use: Office; Warehouse Electric: 100 Amp Service; 150 Amp Service; 200+ Amp Service Flooring: Carpet Foundation Details: Concrete Perimeter Heating: Forced Air; Natural Gas Interior Features: Elevator Listing Terms: Cash; Conventional Parking Features: Private Possession: Negotiable Possible Use: Commercial; Industrial; Mixed Use; Office; Recreational; Warehouse Rail Availability: None Road Frontage Type: City Street Roof: Aluminum; Composition; Wood Security Features: Security Lights Tenant Pays: Gas Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected Water Source: Public Showing Requirements: Appointment Only

Contract Information

Original List Price: 865000
Property Sub Type: Office
Listing Agreement: Exclusive Right To Sell
Occupant Type: Tenant

Location Tax and Legal

Street Number: 1290
Street Name: Arrowhead
Street Suffix: Court
County: Lake
State: IN
Postal Code: 46307
Subdivision Name: Arrowhead Ridge Industrial Park

Remarks and Miscellaneous

Public Remarks: Great investment opportunity in Arrowhead Ridge Industrial Park. Immediate upside for an owner-occupied building currently partially leased to a long term tenant. Currently over 5,00 square feet is leased. There is approximately 3,000+ square feet of available office space and 4,000 square feet of vacant warehouse remaining. The available office is made up of 6 individual offices, a reception area, and a large administrative area. Flooring, walls and trim package is relatively new. The warehouse space features 12 foot ceiling, with a 10 foot overhead door. The building has capacity for 42 parking spaces. Call for an appointment today.

Status Change Information

Major Change Timestamp: 2013-09-12T12:20:13Z
Major Change Type: Status Change
Status Change Timestamp: 2013-09-12
Offer Acceptance Date: 2013-09-11
Close Date: 2013-09-12
Close Price: 650000
Buyer Financing: Cash

More Information

Building Features

Building Dimensions: 201x60
Clear Ceiling Height: 12 Feet
Office SqFt: 8000
Overhead Doors: 2
Commercial Park Location: Yes
Enclosed Dock(s): Yes
Meeting Room: Yes
Office Park Location: Yes
Private Restrooms: Yes
Sheet Rock Ceiling(s): Yes
Suspended Ceiling(s): Yes
Other: Yes

Exemption Information

Exemption YN: Y

Income and Expenses

Expense Year: 2011
Gross Scheduled Income: 52200
Insurance Expense: 3270
Net Operating Income: 29830
New Taxes Expense: 16100
Total Actual Rent: 52200
Electric Expense: 0
Gross Income: 0
Maintenance Expense: 0
Manager Expense: 0
Other Expense: 0
Professional Management Expense: 0
Sewer Expense: 0
Supplies Expense: 0
Trash Expense: 0
Water Expense: 0

Showing Requirements

Showing Instructions: Call Listing Office- 48 Hours in Advance
Appointment Only: Yes

Historical Information

Public Historical Remarks: Zoning: COMM, Utilities: On, Roof Structure: Gable, Utilities: Storm Sewer Avail., Fire Protect: Fire Extinguishers, Number of Offices: 6+

Location, Tax, and Legal

Tax Legal Description: Legal Description: Arrowhead Ridge Industrial Park Lot 2
Parcel Number: 451604251007000042
Zoning Description: Commercial
Township: Center
Directions: From the North- South on Broadway, West on 101st Ave, South on Madison, West on Arrowhead. From the South- North on Broadway, West on Summit St, North on Madison, West on Arrowhead.

Construction Materials

Block: Yes
Brick: Yes
Concrete: Yes

Cooling

Central Air: Yes

Electric

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

Flooring

Carpet: Yes

Foundation Details

Concrete Perimeter: Yes

Heating

Forced Air: Yes
Natural Gas: Yes

Interior Features

Elevator: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Parking Features

Private: Yes

Possession

Negotiable: Yes

Road Frontage Type

City Street: Yes

Roof

Aluminum: Yes
Composition: Yes
Wood: Yes

Security Features

Security Lights: Yes

Utilities

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

Water Source

Public: Yes

Auction

Minimum Opening Bid: 0
Buyer Premium Amount: 0

Tenant Pays

Gas: Yes

Current Use

Office: Yes
Warehouse: Yes

Possible Use

Commercial: Yes
Industrial: Yes
Mixed Use: Yes
Office: Yes
Recreational: Yes
Warehouse: Yes

Rail Availability

None: Yes

Listing Office: Century 21 Alliance Group

Last Updated: February - 24 - 2024

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