200 W Glen Park Avenue, Griffith, IN 46319
$580,000
Property Type:
Commercial Sale
Square Footage:
7,200
Lot Size (sq. ft.):
30,361
Status:
Closed
Current Price:
$580,000
List Date:
8/24/2020
Last Modified:
2/24/2024
Overview
Description
Listing Details MLS# 480395
General Property Information
- Living Area
- 7200
- Building Area Source
- Assessor
- Year Built
- 1991
- Lot Size Acres
- 0.697
- Lot Size Square Feet
- 30361
- Lot Size Dimensions
- 217x140
- Waterfront YN
- No
- Builder Name
- o
Property Features
Building Features:
Acoustical Ceiling(s); Exterior Lighting; Lunch Room; Meeting Room; Multi Tenant; Private Restrooms
Construction Materials:
Brick; Frame
Cooling:
Central Air; Zoned
Current Use:
Office
Electric:
100 Amp Service; Separate Meters
Flooring:
Carpet; Tile
Foundation Details:
Concrete Perimeter
Heating:
Forced Air; Natural Gas; Zoned
Interior Features:
Elevator
Listing Terms:
Cash; Conventional
Lock Box Information:
SentriLock
Lot Features:
Corner Lot
Parking Features:
Lighted; Open; Paved
Possession:
Close Of Escrow; Subject To Tenant Rights
Possible Use:
Commercial; Medical/Dental; Mixed Use; Office; Place of Worship; Retail; Other
Rail Availability:
None
Road Frontage Type:
City Street
Roof:
Other
Security Features:
Fire Alarm; Security Lights; Security System; Smoke Detector(s)
Tenant Pays:
Exterior Maintenance; Grounds Care; HVAC Maintenance; Water
Utilities:
Cable Available; Electricity Available; Electricity Connected; Natural Gas Available; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected
Water Source:
Public
Contract Information
- Auction YN
- No
- Original List Price
- 699000
- Property Sub Type
- Office
- Property Attached YN
- No
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
Location Tax and Legal
- Street Number
- 200
- Street Direction Prefix
- W
- Street Name
- Glen Park
- Street Suffix
- Avenue
- County
- Lake
- State
- IN
- Postal Code
- 46319
- Subdivision Name
- Burbridges Add 02
Remarks and Miscellaneous
- Public Remarks
- Twin brick sisters w/superb traffic counts & business exposure for this high quality professional complex. Plenty of well lit parking ( lot scheduled for reseal 9/2020). North 3600SF unit is occupied @$25psf by a long term Govt tenant that just signed a 5 yr FIRM lease w/ another 5 yrs renewable. South bldg offers addtl 3600SF of flexible space w common entrance that opens into 2 separate areas both sitting atop a partial basement/poured crawl for LOADS of STORAGE. West side incl 4 generous fully furnished private offices, large conference room, 2 cubicles, common printer area, reception space w/ waiting room & kitchenette. East side is home to 5 more fully furnished suites, 2 large conference rooms & common area. Each building has 4-90%+ HVAC units zoned E/W & front/back. Professionally painted, all new flooring + new roof (2014) makes the cost of ownership easy to budget. This is a rare opportunity to sublet 1/2 & operate your biz for FREE, occupy all for pennies or cash flow it all
Status Change Information
- Major Change Timestamp
- 2024-02-18T02:06:01Z
- Major Change Type
- Price Reduced
- Price Change Timestamp
- 2024-02-18T02:06:01Z
- Status Change Timestamp
- 2021-01-12
- Offer Acceptance Date
- 2020-12-05
- Close Date
- 2021-01-12
- Close Price
- 580000
- Concessions
- Yes
- Buyer Financing
- Conventional
More Information
Exemption Information
- Exemption YN
- N
Frontage Type
- Frontage Length
- 217
Income and Expenses
- Expense Year
- 2019
- Gross Scheduled Income
- 78902
- Insurance Expense
- 3184
- Net Operating Income
- 22228
- New Taxes Expense
- 14544
- Supplies Expense
- 6199
- Total Actual Rent
- 78902
- Water Expense
- 10102
Lock Box Information
- Lock Box Serial Number
- 1508743
Showing Requirements
- Showing Instructions
- VIEWINGS FOR SOUTH UNIT ONLY., Please make sure all lights are turned off and door is locked, LOCKBOX on South East corner of South building., Please request showings via show assist
Historical Information
- Public Historical Remarks
- Utilities: On, Frontage Access: Public Road, Roof Structure: Gable,Truss, Fire Protect: Fire Extinguishers
Listing Office:
SCHUPP Real Estate
Last Updated: February - 24 - 2024
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