1751 E North Street, Crown Point, IN 46307 (MLS# 490860)

1751 E North Street, Crown Point, IN 46307

$870,000

Virtual Tour

https://drive.google.com/file/d/1xCpWLD5SgZokhEucujj8A3y1e9nyAsvf/view?usp=sharing

Property Type: Commercial Sale Square Footage: 9,000 Lot Size (sq. ft.): 25,091 Status: Closed

Current Price: $870,000 List Date: 4/09/2021 Last Modified: 2/24/2024

Overview

Description

This New Construction building located in the heart of Crown Point is now available for its new Owner. This building consists of 5 spaces with a total of 9,000 rentable square feet and is currently 100% occupied with four great users utilizing all spaces. Tenants pay all their own utilities and this leaves only the property taxes and common insurance for the Owner. Current gross income is at $92,400. Currently rented between $9 a square foot through $11, this building will provide a great return and be completely worry free for years to come with it being brand new and in a great location. Call today for more information or to schedule a private tour.

Listing Details MLS# 490860

General Property Information

Living Area: 9000
Building Area Source: Assessor
Year Built: 2020
Lot Size Acres: 0.576
Lot Size Square Feet: 25091
Lot Size Dimensions: 110 x 227
Waterfront YN: No
Stories: Yes

Property Features

Building Features: Commercial Park Location; Exterior Lighting; Multi Tenant; Private Restrooms; Other Construction Materials: Frame; Steel Siding Cooling: None Current Use: Recreational Electric: 100 Amp Service; 150 Amp Service; 200+ Amp Service; 220 Volts; Circuit Breakers; Separate Meters Flooring: Concrete Heating: Forced Air; Natural Gas Interior Features: Elevator Listing Terms: Cash; Conventional Parking Features: Common; Paved Possession: Close Of Escrow Possible Use: Industrial; Warehouse Rail Availability: None Road Frontage Type: City Street Roof: Metal Security Features: Security Lights Tenant Pays: Gas; Hot Water; Water Utilities: Electricity Available; Electricity Connected; Natural Gas Available; Natural Gas Connected; Sewer Connected; Water Connected Water Source: Public Showing Requirements: Listing Agent Must Accompany

Contract Information

Auction YN: No
Original List Price: 879000
Property Sub Type: Industrial
Listing Agreement: Exclusive Right To Sell
Occupant Type: Tenant

Location Tax and Legal

Street Number: 1751
Street Direction Prefix: E
Street Name: North
Street Suffix: Street
County: Lake
State: IN
Postal Code: 46307
Subdivision Name: 109th Street Bus Center

Remarks and Miscellaneous

Public Remarks: This New Construction building located in the heart of Crown Point is now available for its new Owner. This building consists of 5 spaces with a total of 9,000 rentable square feet and is currently 100% occupied with four great users utilizing all spaces. Tenants pay all their own utilities and this leaves only the property taxes and common insurance for the Owner. Current gross income is at $92,400. Currently rented between $9 a square foot through $11, this building will provide a great return and be completely worry free for years to come with it being brand new and in a great location. Call today for more information or to schedule a private tour.

Status Change Information

Major Change Timestamp: 2021-08-02T06:15:12Z
Major Change Type: Status Change
Status Change Timestamp: 2021-08-02
Offer Acceptance Date: 2021-06-19
Close Date: 2021-08-02
Close Price: 870000
Concessions: No
Buyer Financing: Conventional

More Information

Building Features

Building Dimensions: 110 x 227
Clear Ceiling Height: 16'
Commercial Park Location: Yes
Exterior Lighting: Yes
Multi Tenant: Yes
Private Restrooms: Yes
Other: Yes

Exemption Information

Exemption YN: Y

Frontage Type

Frontage Length: 110

Income and Expenses

Expense Year: 2020
Gross Scheduled Income: 92400
Insurance Expense: 1644
Net Operating Income: 72386
New Taxes Expense: 1822
Sewer Expense: 144
Total Actual Rent: 92400
Electric Expense: 0
Gross Income: 0
Maintenance Expense: 0
Manager Expense: 0
Other Expense: 0
Professional Management Expense: 0
Supplies Expense: 0
Trash Expense: 0
Water Expense: 0

Showing Requirements

Showing Instructions: On Sentrilock, Schedule through ShowingTime. Short Notice Ok
Listing Agent Must Accompany: Yes

Historical Information

Public Historical Remarks: Utilities: On, Foundation: Wood, Frontage Access: Public Road, Roof Structure: Truss, Utilities: Storm Sewer Avail., Overhead Doors:

Location, Tax, and Legal

Tax Legal Description: Legal Description: 109TH STREET BUSINESS CENTER (AN INDUSTRIAL ADD) LOT 4
Parcel Number: 451604452011000042
Township: Center
Directions: From Broadway head West on North Street to address.

Construction Materials

Frame: Yes
Steel Siding: Yes

Cooling

None: Yes

Electric

100 Amp Service: Yes
150 Amp Service: Yes
200+ Amp Service: Yes
220 Volts: Yes
Circuit Breakers: Yes
Separate Meters: Yes

Flooring

Concrete: Yes

Heating

Forced Air: Yes
Natural Gas: Yes

Interior Features

Elevator: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Parking Features

Common: Yes
Paved: Yes

Possession

Close Of Escrow: Yes

Road Frontage Type

City Street: Yes

Roof

Metal: Yes

Security Features

Security Lights: Yes

Utilities

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

Water Source

Public: Yes

Auction

Minimum Opening Bid: 0
Buyer Premium Amount: 0

Tenant Pays

Gas: Yes
Hot Water: Yes
Water: Yes

Current Use

Recreational: Yes

Possible Use

Industrial: Yes
Warehouse: Yes

Rail Availability

None: Yes

Listing Office: BHHS Executive Realty

Last Updated: February - 24 - 2024

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2024 Triangle MLS, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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