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
Waterfront YN
No
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

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

Showing Requirements

Showing Instructions
Call Listing Office- 48 Hours in Advance

Historical Information

Public Historical Remarks
Zoning: COMM, Utilities: On, Roof Structure: Gable, Utilities: Storm Sewer Avail., Fire Protect: Fire Extinguishers, Number of Offices: 6+
Listing Office: Century 21 Alliance Group
Last Updated: February - 24 - 2024
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