1778 Armstrong Street, Portage, IN 46368 (MLS# 347693)

1778 Armstrong Street, Portage, IN 46368

$740,000

Property Type: Commercial Sale Square Footage: 28,867 Lot Size (sq. ft.): 148,191 Status: Closed

Current Price: $740,000 List Date: 4/10/2014 Last Modified: 2/24/2024

Overview

Description

OFFICE & WAREHOUSE FACILITY AVAILABLE! Incredible access. The location is next to the intersection of I94 and IN 249 on over 3.63 acres. The office building is move-in ready! This all brick two story building with flex core ceiling/flooring contains 8,472sf, currently configured into 25 office spaces, 3 conference rooms, and an attached garage/shop area. When combined with the office space in the warehouse, total office area consists of 10,669sf. Total warehouse and garage space is 18,198sf. There are 78 parking spaces, 7 overhead doors and a 2 ton crane. Warehouse ceilings are 20'. 480V/3 phase power facilitate multiple manufacturing and conversion opportunities. The warehouse is currently utilized as a multiple unit, temperature controlled storage facility. There are 30 indoor storage units generating revenue. Financials are broken out separately. The main facilities feature a security system. This is priced to sell! A MUST SEE

Listing Details MLS# 347693

General Property Information

Living Area: 28867
Building Area Source: Assessor
Accessibility Features YN: Yes
Year Built: 1984
Lot Size Acres: 3.402
Lot Size Square Feet: 148191
Lot Size Dimensions: 476x410
Stories: 2

Property Features

Building Features: Cranes; Business District Location; Concrete Ceiling(s); Cranes; Enclosed Stair(s); Exterior Lighting; Meeting Room; Private Restrooms; Suspended Ceiling(s) Construction Materials: Brick; Steel Siding; Stucco Cooling: Central Air; Window Unit(s) Current Use: Office; Warehouse Electric: 440 Volts Flooring: Carpet; Wood Foundation Details: Concrete Perimeter Heating: Ceiling; Forced Air; Natural Gas Interior Features: Elevator Listing Terms: Cash; Conventional Parking Features: Lighted; Paved; Private Possession: Negotiable Possible Use: Commercial; Industrial; Medical/Dental; Mini-Storage; Office; Recreational; Warehouse Rail Availability: None Road Frontage Type: Highway; Interstate Roof: Composition; Flat; Rubber Security Features: Security Lights; Security System Sewer: Private Sewer Tenant Pays: None Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Phone Available Water Source: Private; Well Showing Requirements: Appointment Only

Contract Information

Auction YN: No
Original List Price: 1257000
Property Sub Type: Office
Listing Agreement: Exclusive Right To Sell
Occupant Type: Owner

Location Tax and Legal

Street Number: 1778
Street Name: Armstrong
Street Suffix: Street
County: Porter
State: IN
Postal Code: 46368
Subdivision Name: Hwy 249 and Route 20

Remarks and Miscellaneous

Public Remarks: OFFICE & WAREHOUSE FACILITY AVAILABLE! Incredible access. The location is next to the intersection of I94 and IN 249 on over 3.63 acres. The office building is move-in ready! This all brick two story building with flex core ceiling/flooring contains 8,472sf, currently configured into 25 office spaces, 3 conference rooms, and an attached garage/shop area. When combined with the office space in the warehouse, total office area consists of 10,669sf. Total warehouse and garage space is 18,198sf. There are 78 parking spaces, 7 overhead doors and a 2 ton crane. Warehouse ceilings are 20'. 480V/3 phase power facilitate multiple manufacturing and conversion opportunities. The warehouse is currently utilized as a multiple unit, temperature controlled storage facility. There are 30 indoor storage units generating revenue. Financials are broken out separately. The main facilities feature a security system. This is priced to sell! A MUST SEE

Status Change Information

Major Change Timestamp: 2024-02-18T02:02:26Z
Major Change Type: Price Reduced
Price Change Timestamp: 2024-02-18T02:02:26Z
Status Change Timestamp: 2014-12-10
Offer Acceptance Date: 2014-12-10
Close Date: 2014-12-10
Close Price: 740000
Buyer Financing: Conventional

More Information

Building Features

Building Dimensions: 180x148
Clear Ceiling Height: 20'
Number of Offices: 30
Overhead Doors: 7
Business District Location: Yes
Concrete Ceiling(s): Yes
Cranes: Yes
Enclosed Stair(s): Yes
Exterior Lighting: Yes
Meeting Room: Yes
Private Restrooms: Yes
Suspended Ceiling(s): Yes

Exemption Information

Exemption YN: Y

Income and Expenses

Electric Expense: 7616
Expense Year: 2013
Gross Scheduled Income: 46104
Insurance Expense: 5464
Manager Expense: 31900
New Taxes Expense: 17513
Other Expense: 1000
Supplies Expense: 500
Total Actual Rent: 46104
Gross Income: 0
Maintenance Expense: 0
Net Operating Income: 0
Professional Management Expense: 0
Sewer Expense: 0
Trash Expense: 0
Water Expense: 0

Showing Requirements

Showing Instructions: 48hr Notice Required, Use Showing Assist
Appointment Only: Yes

Historical Information

Public Historical Remarks: Zoning: COMM, Utilities: On, Roof Structure: Gable, Utilities: Storm Sewer Avail., Fire Protect: Fire Extinguishers, Office Sq. Ft.:

Location, Tax, and Legal

Tax Legal Description: Legal Description: S187 N561 W476 E2397 EX S152 SE 1-36-7 .382A DR458 P17 AND N187 W233
Parcel Number: 640501402002000016
Zoning Description: Commercial
Township: Portage
Directions: 1 block east of Hwy 249 with easy access to the property from US 20.
Cross Street: Route 20 & Willowcreek Rd

Construction Materials

Brick: Yes
Steel Siding: Yes
Stucco: Yes

Cooling

Central Air: Yes
Window Unit(s): Yes

Electric

440 Volts: Yes

Flooring

Carpet: Yes
Wood: Yes

Foundation Details

Concrete Perimeter: Yes

Heating

Ceiling: Yes
Forced Air: Yes
Natural Gas: Yes

Interior Features

Elevator: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Parking Features

Lighted: Yes
Paved: Yes
Private: Yes

Possession

Negotiable: Yes

Road Frontage Type

Highway: Yes
Interstate: Yes

Roof

Composition: Yes
Flat: Yes
Rubber: Yes

Security Features

Security Lights: Yes
Security System: Yes

Sewer

Private Sewer: Yes

Utilities

Cable Available: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes
Phone Available: Yes

Water Source

Private: Yes
Well: Yes

Auction

Minimum Opening Bid: 0
Buyer Premium Amount: 0

Tenant Pays

None: Yes

Current Use

Office: Yes
Warehouse: Yes

Possible Use

Commercial: Yes
Industrial: Yes
Medical/Dental: Yes
Mini-Storage: Yes
Office: Yes
Recreational: Yes
Warehouse: Yes

Rail Availability

None: Yes

Listing Office: Century 21 Alliance Group

Last Updated: February - 24 - 2024

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