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

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.

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
Waterfront YN
No
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

Exemption Information

Exemption YN
Y

Frontage Type

Frontage Length
324

Income and Expenses

Expense Year
2021
New Taxes Expense
9694

Showing Requirements

Showing Instructions
Listing Agent to accompany, 24 Hour Notice Required. Use Showing Assist

Historical Information

Public Historical Remarks
Zoning: COMM, Utilities: On, Air Cond/Ventilation: Partial, Roof Structure: Pitched, Utilities: Storm Sewer Avail.
Listing Office: Century 21 Alliance Group
Last Updated: February - 24 - 2024
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