139 Gatlin Drive, Griffith, IN 46319
$862,500
Property Type:
Commercial Sale
Square Footage:
8,700
Lot Size (sq. ft.):
40,554
Status:
Closed
Current Price:
$862,500
List Date:
8/29/2023
Last Modified:
6/19/2024
Overview
Description
Listing Details MLS# 536812
General Property Information
- Living Area
- 8700
- Building Area Source
- Assessor
- Year Built
- 2008
- Lot Size Acres
- 0.931
- Lot Size Square Feet
- 40554
- Lot Size Dimensions
- 180 X 224
- Stories
- 0
Property Features
Building Features:
Commercial Park Location; Exterior Lighting; Industrial Park Location; Near Airport; Other
Construction Materials:
Other
Foundation Details:
Concrete Perimeter
Heating:
Ceiling; Forced Air; Natural Gas
Interior Features:
Elevator
Listing Terms:
Cash; Conventional
Lock Box Information:
SentriLock
Parking Features:
Paved
Possession:
Subject To Tenant Rights
Possible Use:
Industrial; Warehouse
Rail Availability:
None
Roof:
Metal; Other
Security Features:
Other
Tenant Pays:
Gas; Water
Utilities:
Natural Gas Available; Other
Contract Information
- Original List Price
- 929000
- Property Sub Type
- Industrial
- Listing Agreement
- Exclusive Agency
- Occupant Type
- Tenant
Location Tax and Legal
- Street Number
- 139
- Street Name
- Gatlin
- Street Suffix
- Drive
- County
- Lake
- State
- IN
- Postal Code
- 46319
- Subdivision Name
- Gatlins Add
Remarks and Miscellaneous
- Public Remarks
- 8700 SQ FT COMMERCIAL-INDUSTRIAL BUILDING LOCATED BY GRIFFITH AIRPORT WITH 2 COMPLETE OFFICE BUILD OUTS...UNIT A IS 4200 SQ FT WITH 660 FT OF OFFICE SPACE...UNIT B IS 4500 SQ FT WITH 920 FT OF OFFICE SPACE...BOTH UNITS HAVE A KITCHEN & BATHROOM WITH AN OVERSIZED SHOWER...THIS IS A MORTON BUILDING BUILT TO HIGH END STANDARDS...8 INCH SLAB REINFORCED FLOORS...5 POWERED OVERHEAD 14 FOOT DOORS...3 PHASE ELECTRIC...LED LIGHTING...PLENTY OF PAVED PARKING WITH ASPHALT CURBS...BACKYARD IS FULL CONCRETE WITH CUSTOM STORAGE RACKS...INSULATED WALLS & CEILINGS...FULLY HEATED WITH AC IN THE OFFICE SPACES...16 FOOT EVES...LARGE WINDOWS WITH NATURAL LIGHT...THERE IS A CAR LIFT IN UNIT A...THERE IS AN EXHAUST FAN IN UNIT B...UNIT A LEASE (3 YEAR TERM) AT $4200 (THIS UNIT COULD BE VACATED IF THE BUYER NEEDS THE SPACE...UNIT B LEASE (4 YEAR TERM) AT $2500 INCREASES NEXT YEAR TO $3000...TENANTS PAY UTILITIES AND GARBAGE. UNIT A IS USED AS A CONTRACTOR SHOP / UNIT B IS USED AS COMMERCIAL LAUNDRY
Status Change Information
- Major Change Timestamp
- 2023-11-28T15:36:33Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2023-11-28
- Offer Acceptance Date
- 2023-09-29
- Close Date
- 2023-11-28
- Close Price
- 862500
- Concessions
- No
- Buyer Financing
- Conventional
More Information
Exemption Information
- Exemption YN
- Y
Income and Expenses
- Insurance Expense
- 2148
- New Taxes Expense
- 12368
- Total Actual Rent
- 80400
- 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
- Trash Expense
- 0
- Water Expense
- 0
Lock Box Information
- Lock Box Serial Number
- 1489956
- SentriLock
- Yes
Showing Requirements
- Showing Instructions
- USE SHOWING ASSIST.
Historical Information
- Public Historical Remarks
- Utilities: On, Air Cond/Ventilation: Office Only, Frontage Access: Public Road
Location, Tax, and Legal
- Postal Code +4
- 3459
- Tax Legal Description
- Legal Description: GATLIN'S ADDITION PHASE 3 LOT 34
- Parcel Number
- 451101127009000033
- Township
- St. John
- Directions
- Main Street to Gatlin Drive
Construction Materials
- Other
- Yes
Foundation Details
- Concrete Perimeter
- Yes
Heating
- Ceiling
- Yes
- Forced Air
- Yes
- Natural Gas
- Yes
Interior Features
- Elevator
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Parking Features
- Paved
- Yes
Possession
- Subject To Tenant Rights
- Yes
Roof
- Metal
- Yes
- Other
- Yes
Security Features
- Other
- Yes
Utilities
- Natural Gas Available
- Yes
- Other
- Yes
Auction
- Minimum Opening Bid
- 0
- Buyer Premium Amount
- 0
Tenant Pays
- Gas
- Yes
- Water
- Yes
Possible Use
- Industrial
- Yes
- Warehouse
- Yes
Building Features
- Commercial Park Location
- Yes
- Exterior Lighting
- Yes
- Industrial Park Location
- Yes
- Near Airport
- Yes
- Other
- Yes
Rail Availability
- None
- Yes
Listing Office:
BHHS Executive Realty
Last Updated: June - 19 - 2024
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