1402-1454 E 86th Place, Merrillville, IN 46410 (MLS# 375012)

1402-1454 E 86th Place, Merrillville, IN 46410

$925,000

Property Type: Commercial Sale Square Footage: 27,400 Lot Size (sq. ft.): 116,044 Status: Closed

Current Price: $925,000 List Date: 6/11/2015 Last Modified: 6/19/2024

Overview

Description

27,400 SF Single Story Multi-Unit Office/Industrial Flex Building on 2.66 acres located in the Southlake Business Park just minutes from the I-65 & US 30 interchange. Suites are serviced in the rear by eight 10' x 10' dock high doors, three 10' x 10' drive-in doors and one 7' x7' dock high door. Most of the warehouse space feature 14' ceiling heights. Originally designed for up to 14 suites but currently configured with 8 which includes 2 small all office suites. Also offered for lease.

Listing Details MLS# 375012

General Property Information

Living Area: 27400
Building Area Source: Appraiser
Year Built: 1988
Lot Size Acres: 2.664
Lot Size Square Feet: 116044
Lot Size Dimensions: 460 x 228 +/-
Stories: Yes

Property Features

Building Features: Commercial Park Location; Open Dock(s); Private Restrooms; Suspended Ceiling(s); Other Construction Materials: Block; Brick Cooling: Central Air Current Use: Investment; Mixed Use Flooring: Carpet; Concrete; Tile Foundation Details: Concrete Perimeter Heating: Forced Air; Natural Gas Interior Features: Elevator Listing Terms: Cash Parking Features: Common; Unpaved Possible Use: Commercial; Industrial; Mixed Use; Office Rail Availability: None Road Frontage Type: City Street Roof: Fiberglass; Flat; Mansard; Membrane Security Features: Security Lights Special Listing Conditions: Short Sale Tenant Pays: Gas; Water Utilities: Cable Available; Electricity Available; Electricity Connected; Natural Gas Available; Natural Gas Connected; Sewer Connected Water Source: Public Showing Requirements: Appointment Only

Contract Information

Auction YN: No
Original List Price: 1150000
Property Sub Type: Industrial
Property Attached YN: No
Listing Agreement: Exclusive Right To Sell
Occupant Type: Tenant

Location Tax and Legal

Street Number: 1402-1454
Street Direction Prefix: E
Street Name: 86th
Street Suffix: Place
County: Lake
State: IN
Postal Code: 46410
Subdivision Name: Southlake Industrial Park

Remarks and Miscellaneous

Public Remarks: 27,400 SF Single Story Multi-Unit Office/Industrial Flex Building on 2.66 acres located in the Southlake Business Park just minutes from the I-65 & US 30 interchange. Suites are serviced in the rear by eight 10' x 10' dock high doors, three 10' x 10' drive-in doors and one 7' x7' dock high door. Most of the warehouse space feature 14' ceiling heights. Originally designed for up to 14 suites but currently configured with 8 which includes 2 small all office suites. Also offered for lease.

Status Change Information

Major Change Timestamp: 2016-06-08T11:49:34Z
Major Change Type: Status Change
Status Change Timestamp: 2016-06-08
Offer Acceptance Date: 2016-04-04
Close Date: 2016-06-08
Close Price: 925000
Buyer Financing: Other

More Information

Building Features

Clear Ceiling Height: 14' in warehouse space
Industrial Park Name: Southlake Industrial Park
Commercial Park Location: Yes
Open Dock(s): Yes
Private Restrooms: Yes
Suspended Ceiling(s): Yes
Other: Yes

Exemption Information

Exemption YN: Y

Income and Expenses

New Taxes Expense: 34198
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: Contact listing broker.
Appointment Only: Yes

Historical Information

Public Historical Remarks: Zoning: INDUS, Utilities: On, Overhead Doors:

Location, Tax, and Legal

Postal Code +4: 6342
Tax Legal Description: Legal Description: 7TH RESUB. OF PT. OF LOT 1 SOUTHLAKE INDUSTRIAL PARK LOT 1-1
Parcel Number: 451227228010000030
Zoning Description: Industrial
Township: Ross
Directions: From I-65 exit, east on US 30, south on Mississippi, west on East 86th Place.

Construction Materials

Block: Yes
Brick: Yes

Cooling

Central Air: Yes

Flooring

Carpet: Yes
Concrete: Yes
Tile: Yes

Foundation Details

Concrete Perimeter: Yes

Heating

Forced Air: Yes
Natural Gas: Yes

Interior Features

Elevator: Yes

Listing Terms

Cash: Yes

Parking Features

Common: Yes
Unpaved: Yes

Road Frontage Type

City Street: Yes

Roof

Fiberglass: Yes
Flat: Yes
Mansard: Yes
Membrane: Yes

Security Features

Security Lights: Yes

Special Listing Conditions

Short Sale: Yes

Utilities

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

Water Source

Public: Yes

Auction

Minimum Opening Bid: 0
Buyer Premium Amount: 0

Tenant Pays

Gas: Yes
Water: Yes

Current Use

Investment: Yes
Mixed Use: Yes

Possible Use

Commercial: Yes
Industrial: Yes
Mixed Use: Yes
Office: Yes

Rail Availability

None: Yes

Listing Office: McColly Real Estate

Last Updated: June - 19 - 2024

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