14785 W 101st Avenue, Dyer, IN 46311 (MLS# 472704)

14785 W 101st Avenue, Dyer, IN 46311

$2,145,000

Virtual Tour

https://drive.google.com/open?id=1-aIlk-q-UD5Xh9zQgEwmYPeCV4uyFT1S

Property Type: Commercial Sale Square Footage: 32,000 Lot Size (sq. ft.): 129,809 Status: Closed

Current Price: $2,145,000 List Date: 4/06/2020 Last Modified: 6/19/2024

Overview

Description

Calling all Investors/Owner Occupants, this wonderful 2 Story building is now for sale and is located just minutes to the Illinois border. The Sellers are currently finishing plans for a new front entrance which will provide access to the first and second floor via the exterior. The exterior also had some major updates over the past few months which include a Brand New Roof, HVAC Units, Landscaping & Sealed Parking Lot. The building is just over 32,000 Sq.Ft. and comes a little over half occupied with new potential Tenants on hand. The main floor currently has 3 Tenants in place (Color Room, She Fit, and Advanced Animal Medical) and leaves 2,611 Sq.Ft. available with a drive-thru. The second floor hosts Jagmin Dental and leaves just over 13,000 SqFt. of available raw space. The building currently offers a 7.7% CAP and has the potential of over 14% once stabilized. Located in the heart of tons of Commercial and Residential Development. Serious inquiries only and call for details.

Listing Details MLS# 472704

General Property Information

Living Area: 32000
Building Area Source: Owner
Accessibility Features YN: Yes
Year Built: 2006
Lot Size Acres: 2.98
Lot Size Square Feet: 129809
Lot Size Dimensions: 282 x 476
Stories: 2
Builder Name: PBS

Property Features

Building Features: Acoustical Ceiling(s); Business District Location; Enclosed Stair(s); Exposed Under Roof Ceiling(s); Exterior Lighting; Inside Corridor(s); Multi Tenant; Office Park Location; Passenger Elevator(s); Suspended Ceiling(s) Construction Materials: Block; Brick; Frame; Stone Cooling: Central Air Current Use: Medical/Dental; Office; Retail Electric: 200+ Amp Service; Circuit Breakers; Separate Meters Flooring: Carpet; Concrete; Tile; Varies Foundation Details: Concrete Perimeter Heating: Ceiling; Forced Air Interior Features: Elevator; High Speed Internet Listing Terms: Cash; Conventional Parking Features: Common; Lighted; Open; Paved Possession: Close Of Escrow Possible Use: Commercial; Medical/Dental; Place of Worship; Recreational; Retail; Other Rail Availability: None Road Frontage Type: County Road Roof: Flat; Metal; Rubber Security Features: Fire Escape; Security Lights; Smoke Detector(s) Sewer: Private Sewer Tenant Pays: Gas Utilities: Cable Available; Electricity Available; Electricity Connected; Natural Gas Available; Natural Gas Connected Water Source: Private; Shared Well; Well Showing Requirements: 24 Hour Notice; Listing Agent Must Accompany

Contract Information

Auction YN: No
Original List Price: 2285000
Property Sub Type: Retail
Listing Agreement: Exclusive Right To Sell
Owner Name: Canaan LLC
Occupant Type: Tenant
Occupant Name: Varies

Location Tax and Legal

Street Number: 14785
Street Direction Prefix: W
Street Name: 101st
Street Suffix: Avenue
County: Lake
State: IN
Postal Code: 46311
Subdivision Name: None

Remarks and Miscellaneous

Public Remarks: Calling all Investors/Owner Occupants, this wonderful 2 Story building is now for sale and is located just minutes to the Illinois border. The Sellers are currently finishing plans for a new front entrance which will provide access to the first and second floor via the exterior. The exterior also had some major updates over the past few months which include a Brand New Roof, HVAC Units, Landscaping & Sealed Parking Lot. The building is just over 32,000 Sq.Ft. and comes a little over half occupied with new potential Tenants on hand. The main floor currently has 3 Tenants in place (Color Room, She Fit, and Advanced Animal Medical) and leaves 2,611 Sq.Ft. available with a drive-thru. The second floor hosts Jagmin Dental and leaves just over 13,000 SqFt. of available raw space. The building currently offers a 7.7% CAP and has the potential of over 14% once stabilized. Located in the heart of tons of Commercial and Residential Development. Serious inquiries only and call for details.

Status Change Information

Major Change Timestamp: 2021-01-08T12:52:52Z
Major Change Type: Status Change
Status Change Timestamp: 2021-01-08
Offer Acceptance Date: 2020-12-15
Close Date: 2021-01-08
Close Price: 2145000
Concessions: Yes
Buyer Financing: Conventional

More Information

Building Features

Building Dimensions: 75 x 220
Clear Ceiling Height: 10'
Cranes: No
Acoustical Ceiling(s): Yes
Business District Location: Yes
Enclosed Stair(s): Yes
Exposed Under Roof Ceiling(s): Yes
Exterior Lighting: Yes
Inside Corridor(s): Yes
Multi Tenant: Yes
Office Park Location: Yes
Passenger Elevator(s): Yes
Suspended Ceiling(s): Yes

Exemption Information

Exemption YN: Y

Income and Expenses

Electric Expense: 4751
Expense Year: 2019
Gross Scheduled Income: 299172
Insurance Expense: 6453
Maintenance Expense: 6000
Net Operating Income: 176454
New Taxes Expense: 47875
Professional Management Expense: 10000
Supplies Expense: 2007
Total Actual Rent: 299172
Trash Expense: 2400
Water Expense: 13200
Gross Income: 0
Manager Expense: 0
Other Expense: 0
Sewer Expense: 0

Showing Requirements

Showing Instructions: Call Listing Agent for access.
24 Hour Notice: Yes
Listing Agent Must Accompany: Yes

Historical Information

Public Historical Remarks: Utilities: On, Frontage Access: Public Road, Roof Structure: Steel Joist, Fire Protect: Fire Extinguishers

Location, Tax, and Legal

Postal Code +4: 3371
Tax Legal Description: Legal Description: PT. NE.1/4 NE.1/4 S.1 T.34 R.10 12.245AC.
Parcel Number: 451401200007000015
Township: Hanover
Directions: From 394, take Exchange East to address. From Highway 41 head West on W. 109th Ave. to Calumet Ave. then turn right and head North to 101st Ave. then head West to address.

Construction Materials

Block: Yes
Brick: Yes
Frame: Yes
Stone: Yes

Cooling

Central Air: Yes

Electric

200+ Amp Service: Yes
Circuit Breakers: Yes
Separate Meters: Yes

Flooring

Carpet: Yes
Concrete: Yes
Tile: Yes
Varies: Yes

Foundation Details

Concrete Perimeter: Yes

Heating

Ceiling: Yes
Forced Air: Yes

Interior Features

Elevator: Yes
High Speed Internet: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Parking Features

Common: Yes
Lighted: Yes
Open: Yes
Paved: Yes

Possession

Close Of Escrow: Yes

Road Frontage Type

County Road: Yes

Roof

Flat: Yes
Metal: Yes
Rubber: Yes

Security Features

Fire Escape: Yes
Security Lights: Yes
Smoke Detector(s): Yes

Sewer

Private Sewer: Yes

Utilities

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

Water Source

Private: Yes
Shared Well: Yes
Well: Yes

Auction

Minimum Opening Bid: 0
Buyer Premium Amount: 0

Tenant Pays

Gas: Yes

Current Use

Medical/Dental: Yes
Office: Yes
Retail: Yes

Possible Use

Commercial: Yes
Medical/Dental: Yes
Place of Worship: Yes
Recreational: Yes
Retail: Yes
Other: Yes

Rail Availability

None: Yes

Listing Office: BHHS Executive Realty

Last Updated: June - 19 - 2024

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