1700 Lincolnway, La Porte, IN 46350

$777,000
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

Showing Requirements

Showing Instructions
Confirm all showings with listing agents

Historical Information

Public Historical Remarks
Zoning: COMM, Utilities: On, Parking: Public Parking, Number of Offices: 8 (units)
Listing Office: REMAX County Wide 1st
Last Updated: February - 24 - 2024
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