1700 Lincolnway, La Porte, IN 46350 (MLS# 386146)

1700 Lincolnway, La Porte, IN 46350

$777,000

Virtual Tour

http://tour.circlepix.com/home2/VBKKC4

Property Type: Commercial Sale Square Footage: 13,282 Lot Size (sq. ft.): 47,400 Status: Closed

Current Price: $777,000 List Date: 1/08/2016 Last Modified: 2/24/2024

Overview

Description

Excellent location 1700 Lincolnway Place is situated at the intersection of J St. and Lincolnway consists of 2 large buildings housing 8 suites All suites are currently leased. Good condition and good income with stable tenants. Good leasing history. All units up to date and meet code. 2 parking lots provides ample parking for tenants and consumer parking.Bldg # 1= 7,089 SF and Bldg.#2= 9,024 SF/ See attach. list of Sq. ft. per unit.

Listing Details MLS# 386146

General Property Information

Living Area: 13282
Building Area Source: Assessor
Year Built: 1996
Lot Size Acres: 1.0882
Lot Size Square Feet: 47400
Lot Size Dimensions: 200 x 237
Waterfront YN: No
Stories: Yes

Property Features

Building Features: Business District Location; Exterior Lighting; Inside Corridor(s); Multi Tenant; Private Restrooms; Other Construction Materials: Brick; Frame Cooling: Central Air Current Use: Commercial; Mixed Use; Office Electric: 100 Amp Service; 150 Amp Service; 200+ Amp Service Flooring: Carpet; Concrete; Tile Foundation Details: Block; Concrete Perimeter Heating: Forced Air; Natural Gas Interior Features: Elevator Listing Terms: Cash; Conventional Parking Features: Common; Lighted; Open; Paved Possible Use: Commercial; Mixed Use; Office Rail Availability: None Road Frontage Type: State Road Roof: Flat; Rubber Security Features: Fire Sprinkler System; Security Lights; Smoke Detector(s) Tenant Pays: Gas; Water Utilities: Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected Water Source: Public Showing Requirements: 24 Hour Notice

Contract Information

Auction YN: No
Original List Price: 775000
Property Sub Type: Retail
Listing Agreement: Exclusive Right To Sell
Occupant Type: Owner

Location Tax and Legal

Street Number: 1700
Street Name: Lincolnway
County: La Porte
State: IN
Postal Code: 46350
Subdivision Name: none

Remarks and Miscellaneous

Public Remarks: Excellent location 1700 Lincolnway Place is situated at the intersection of J St. and Lincolnway consists of 2 large buildings housing 8 suites All suites are currently leased. Good condition and good income with stable tenants. Good leasing history. All units up to date and meet code. 2 parking lots provides ample parking for tenants and consumer parking.Bldg # 1= 7,089 SF and Bldg.#2= 9,024 SF/ See attach. list of Sq. ft. per unit.

Status Change Information

Major Change Timestamp: 2016-06-30T12:26:19Z
Major Change Type: Status Change
Status Change Timestamp: 2016-06-30
Offer Acceptance Date: 2016-06-01
Close Date: 2016-06-30
Close Price: 777000
Buyer Financing: Conventional

More Information

Exemption Information

Exemption YN: Y

Income and Expenses

Expense Year: 2015
Gross Scheduled Income: 130284
Insurance Expense: 6099
Maintenance Expense: 1000
Net Operating Income: 106722
New Taxes Expense: 17463
Total Actual Rent: 10857
Electric Expense: 0
Gross Income: 0
Manager Expense: 0
Other Expense: 0
Professional Management Expense: 0
Sewer Expense: 0
Supplies Expense: 0
Trash Expense: 0
Water Expense: 0

Showing Requirements

Showing Instructions: Confirm all showings with listing agents
24 Hour Notice: Yes

Historical Information

Public Historical Remarks: Zoning: COMM, Utilities: On, Parking: Public Parking, Number of Offices: 8 (units)

Location, Tax, and Legal

Tax Legal Description: Legal Description: Mary T Clark's sub. Lot.13&14 E. 1/2 ofLt.6 and all of lt. 7 & A.J. Stahl's resub Lts. 1,2,3,4 & 5
Parcel Number: 460635380006000043
Zoning Description: Commercial
Township: Center
Directions: Lincolnway west to the property at the intersection of Lincolnway and J St.
Cross Street: Oregon St.

Construction Materials

Brick: Yes
Frame: Yes

Cooling

Central Air: Yes

Electric

100 Amp Service: Yes
150 Amp Service: Yes
200+ Amp Service: Yes

Flooring

Carpet: Yes
Concrete: Yes
Tile: Yes

Foundation Details

Block: Yes
Concrete Perimeter: Yes

Heating

Forced Air: Yes
Natural Gas: Yes

Interior Features

Elevator: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Parking Features

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

Road Frontage Type

State Road: Yes

Roof

Flat: Yes
Rubber: Yes

Security Features

Fire Sprinkler System: Yes
Security Lights: Yes
Smoke Detector(s): Yes

Utilities

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

Water Source

Public: Yes

Auction

Minimum Opening Bid: 0
Buyer Premium Amount: 0

Tenant Pays

Gas: Yes
Water: Yes

Current Use

Commercial: Yes
Mixed Use: Yes
Office: Yes

Possible Use

Commercial: Yes
Mixed Use: Yes
Office: Yes

Building Features

Business District Location: Yes
Exterior Lighting: Yes
Inside Corridor(s): Yes
Multi Tenant: Yes
Private Restrooms: Yes
Other: Yes

Rail Availability

None: Yes

Listing Office: REMAX County Wide 1st

Last Updated: February - 24 - 2024

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