1555 W Lincolnway, Valparaiso, IN 46385
$832,000
Property Type:
Commercial Sale
Square Footage:
8,000
Lot Size (sq. ft.):
24,829
Status:
Closed
Current Price:
$832,000
List Date:
10/10/2022
Last Modified:
2/24/2024
Overview
Description
Listing Details MLS# 521183
General Property Information
- Living Area
- 8000
- Building Area Source
- Assessor
- Year Built
- 2008
- Lot Size Acres
- 0.57
- Lot Size Square Feet
- 24829
- Lot Size Dimensions
- 114 x 324
- Stories
- Yes
Property Features
Building Features:
Exposed Under Roof Ceiling(s); Exterior Lighting; Multi Tenant
Construction Materials:
Frame; Steel Siding
Current Use:
Mixed Use
Electric:
100 Amp Service; 150 Amp Service; 200+ Amp Service
Flooring:
Concrete
Foundation Details:
Pillar/Post/Pier
Heating:
Ceiling
Interior Features:
Elevator
Listing Terms:
Cash; Conventional
Lot Features:
Corner Lot
Parking Features:
Common
Possession:
Close Of Escrow
Possible Use:
Mixed Use
Rail Availability:
None
Road Frontage Type:
City Street
Roof:
Metal
Security Features:
Fire Alarm; Security Lights
Tenant Pays:
HVAC Maintenance; Other Tax; Water
Utilities:
Cable Available; Electricity Connected; Natural Gas Available; Natural Gas Connected; Sewer Connected
Water Source:
Public
Showing Requirements:
24 Hour Notice
Contract Information
- Auction YN
- No
- Original List Price
- 925000
- Property Sub Type
- Industrial
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
Location Tax and Legal
- Street Number
- 1555
- Street Direction Prefix
- W
- Street Name
- Lincolnway
- County
- Porter
- State
- IN
- Postal Code
- 46385
- Subdivision Name
- None
Remarks and Miscellaneous
- Public Remarks
- Fully leased 8,000 SF light industrial building close to downtown Valparaiso on Lincolnway. Built in 2008 and currently occupied by three tenants. The building has 4 overhead doors and a clear height of 16 feet. Units are all separately metered. Private parking lot with roughly 40 spaces. 2021 pay 2022 taxes are $9,593.64. Financials are available upon request.
Status Change Information
- Major Change Timestamp
- 2023-04-21T11:57:11Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2023-04-21
- Offer Acceptance Date
- 2023-03-05
- Close Date
- 2023-04-21
- Close Price
- 832000
- Concessions
- No
- Buyer Financing
- Conventional
More Information
Building Features
- Building Dimensions
- 40 x 200
- Exposed Under Roof Ceiling(s)
- Yes
- Exterior Lighting
- Yes
- Multi Tenant
- Yes
Exemption Information
- Exemption YN
- Y
Frontage Type
- Frontage Length
- 324
Income and Expenses
- Expense Year
- 2021
- New Taxes Expense
- 9694
- 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
- Listing Agent to accompany, 24 Hour Notice Required. Use Showing Assist
- 24 Hour Notice
- Yes
Historical Information
- Public Historical Remarks
- Zoning: COMM, Utilities: On, Air Cond/Ventilation: Partial, Roof Structure: Pitched, Utilities: Storm Sewer Avail.
Location, Tax, and Legal
- Postal Code +4
- 3800
- Tax Legal Description
- Legal Description: Emmetburg Sub Blk 4 & Pt Blk 3 S of St Rd 130 ex Rd ROW NW 23-35-6 .57A
- Parcel Number
- 640923177006000004
- Zoning Description
- Commercial
- Township
- Center
- Directions
- Head West on Lincolnway from downtown Valparaiso. Property is located on the South side of the road on the corner of Clifford Road and Lincolnway.
Construction Materials
- Frame
- Yes
- Steel Siding
- Yes
Electric
- 100 Amp Service
- Yes
- 150 Amp Service
- Yes
- 200+ Amp Service
- Yes
Flooring
- Concrete
- Yes
Foundation Details
- Pillar/Post/Pier
- Yes
Heating
- Ceiling
- Yes
Interior Features
- Elevator
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Lot Features
- Corner Lot
- Yes
Parking Features
- Common
- Yes
Possession
- Close Of Escrow
- Yes
Road Frontage Type
- City Street
- Yes
Roof
- Metal
- Yes
Security Features
- Fire Alarm
- Yes
- Security Lights
- Yes
Utilities
- Cable 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
- HVAC Maintenance
- Yes
- Other Tax
- Yes
- Water
- Yes
Current Use
- Mixed Use
- Yes
Possible Use
- Mixed Use
- Yes
Rail Availability
- None
- Yes
Listing Office:
Century 21 Alliance Group
Last Updated: February - 24 - 2024
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