1603 E Lincolnway, Valparaiso, IN 46383

$710,000
Property Type: Commercial Sale Square Footage: 10,360 Lot Size (sq. ft.): 62,726 Status: Closed
Current Price: $710,000 List Date: 2/09/2016 Last Modified: 2/24/2024

Overview

Description

High traffic location on Lincolnway. Close to Valparaiso University. 264 ft. of frontage, 1.44 acre, 10,000 S.F. building 2 separate offices approx. 3000 sq ft and shop area of approximately 7000 sq ft with (2) 12' bay doors and room for additional overheads. Also, includes .78 acre adjacent vacant lot. Lots of potential uses in highly dense populated area. Immediate occupancy of this facility.

Listing Details MLS# 387762

General Property Information

Living Area
10360
Building Area Source
Assessor
Year Built
1946
Lot Size Acres
1.44
Lot Size Square Feet
62726
Lot Size Dimensions
264 x 200
Stories
Yes

Property Features

Building Features: Business District Location; Exterior Lighting; Private Restrooms; Sheet Rock Ceiling(s) Construction Materials: Block; Concrete; Stone Cooling: Central Air Current Use: Commercial; Mixed Use; Retail Electric: 100 Amp Service Flooring: Carpet; Tile Foundation Details: Block; Concrete Perimeter Heating: Forced Air Interior Features: Elevator Listing Terms: Cash; Conventional Parking Features: Paved; Private Possible Use: Commercial; Medical/Dental; Mixed Use; Office; Retail; Warehouse Rail Availability: None Road Frontage Type: City Street; Highway; State Road Roof: Barrel; Composition; Flat; Rubber; Wood Security Features: Fire Alarm; Security Lights Tenant Pays: None Utilities: Electricity Connected; Natural Gas Available; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected Showing Requirements: 24 Hour Notice

Contract Information

Auction YN
No
Original List Price
795000
Property Sub Type
Industrial
Listing Agreement
Exclusive Right To Sell
Occupant Type
Vacant

Location Tax and Legal

Street Number
1603
Street Direction Prefix
E
Street Name
Lincolnway
County
Porter
State
IN
Postal Code
46383
Subdivision Name
None

Remarks and Miscellaneous

Public Remarks
High traffic location on Lincolnway. Close to Valparaiso University. 264 ft. of frontage, 1.44 acre, 10,000 S.F. building 2 separate offices approx. 3000 sq ft and shop area of approximately 7000 sq ft with (2) 12' bay doors and room for additional overheads. Also, includes .78 acre adjacent vacant lot. Lots of potential uses in highly dense populated area. Immediate occupancy of this facility.

Status Change Information

Major Change Timestamp
2016-07-11T12:26:22Z
Major Change Type
Status Change
Status Change Timestamp
2016-07-11
Offer Acceptance Date
2016-04-21
Close Date
2016-07-11
Close Price
710000
Buyer Financing
Conventional

More Information

Building Features

Building Dimensions
74 x 140
Clear Ceiling Height
12
Number of Offices
2
Office SqFt
3000
Overhead Doors
2
Cranes
No
Business District Location
Yes
Exterior Lighting
Yes
Private Restrooms
Yes
Sheet Rock Ceiling(s)
Yes

Exemption Information

Exemption YN
Y

Frontage Type

Frontage Length
264

Income and Expenses

New Taxes Expense
16800
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
Call/Text LA directly
24 Hour Notice
Yes

Historical Information

Public Historical Remarks
Zoning: BUSO, Utilities: On, Frontage Access: Frontage Road,Public Road

Location, Tax, and Legal

Postal Code +4
6060
Tax Legal Description
Legal Description: E132 S258.45 W1/2 N OF LINCOLNWAY SW 19-35-5 .78A DR486 P248&249 & W132 E1/2 N OF LINCOLN- WAY AS DESC DR399 P457 SW 19-35-5 .66A
Parcel Number
641019302021000004
Zoning Description
Business
Township
Center
Directions
Highway 49 and E Lincolnway... West on lincolnway, through the roundabout to property on right.

Construction Materials

Block
Yes
Concrete
Yes
Stone
Yes

Cooling

Central Air
Yes

Electric

100 Amp Service
Yes

Flooring

Carpet
Yes
Tile
Yes

Foundation Details

Block
Yes
Concrete Perimeter
Yes

Heating

Forced Air
Yes

Interior Features

Elevator
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Parking Features

Paved
Yes
Private
Yes

Road Frontage Type

City Street
Yes
Highway
Yes
State Road
Yes

Roof

Barrel
Yes
Composition
Yes
Flat
Yes
Rubber
Yes
Wood
Yes

Security Features

Fire Alarm
Yes
Security Lights
Yes

Utilities

Electricity Connected
Yes
Natural Gas Available
Yes
Natural Gas Connected
Yes
Phone Available
Yes
Sewer Connected
Yes
Water Connected
Yes

Auction

Minimum Opening Bid
0
Buyer Premium Amount
0

Tenant Pays

None
Yes

Current Use

Commercial
Yes
Mixed Use
Yes
Retail
Yes

Possible Use

Commercial
Yes
Medical/Dental
Yes
Mixed Use
Yes
Office
Yes
Retail
Yes
Warehouse
Yes

Rail Availability

None
Yes
Listing Office: Realty Executives Premier
Last Updated: February - 24 - 2024
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