2057 W Glen Park Avenue, Griffith, IN 46319
$969,500
Property Type:
Commercial Sale
Square Footage:
9,600
Lot Size (sq. ft.):
41,818
Status:
Closed
Current Price:
$969,500
List Date:
7/25/2021
Last Modified:
2/24/2024
Overview
Description
Listing Details MLS# 497500
General Property Information
- Living Area
- 9600
- Building Area Source
- Assessor
- Year Built
- 1986
- Lot Size Acres
- 0.96
- Lot Size Square Feet
- 41818
- Lot Size Dimensions
- 140 X 350
- Stories
- Yes
Property Features
Building Features:
Multi Tenant; Private Restrooms; Public Restrooms; Strip Mall Location; Suspended Ceiling(s); Other
Construction Materials:
Block; Brick; Cedar
Cooling:
Central Air
Current Use:
Commercial; Office; Retail
Electric:
100 Amp Service; 150 Amp Service; 200+ Amp Service; Circuit Breakers; Separate Meters
Flooring:
Carpet; Concrete; Tile; Varies; Vinyl
Foundation Details:
Concrete Perimeter
Heating:
Forced Air; Natural Gas
Interior Features:
Elevator
Listing Terms:
Cash; Contract; Conventional
Parking Features:
Common; Lighted; Paved; Private
Possession:
Subject To Tenant Rights
Possible Use:
Commercial; Medical/Dental; Mixed Use; Office; Retail
Rail Availability:
None
Road Frontage Type:
City Street
Roof:
Fiberglass
Security Features:
Fire Hydrant On Site; Security Lights; Other
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:
Appointment Only; Listing Agent Must Accompany
Contract Information
- Auction YN
- No
- Original List Price
- 1099000
- Property Sub Type
- Retail
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
Location Tax and Legal
- Street Number
- 2057
- Street Direction Prefix
- W
- Street Name
- Glen Park
- Street Suffix
- Avenue
- County
- Lake
- State
- IN
- Postal Code
- 46319
- Subdivision Name
- Woodland Estates 3rd Add
Remarks and Miscellaneous
- Public Remarks
- Buyer due diligence phase. High Traffic Stoplight Corner (45th / Glen Park / Forrest) access retail / office strip mall showing 9.2% cap rate. All separate utilities paid by tenants. Contract sale possible with $180,000 down. 5 year balloon. Three large, paved parking areas. Several newer furnaces and air conditioners. New ballasts, bulbs and sign faces. Front unit has drive-thru window. Glen Park is the same as 45th. Road divides Highland and Griffith in that area. Sited between Cline and Kennedy Avenues.
Status Change Information
- Major Change Timestamp
- 2021-12-29T12:55:05Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2021-12-29
- Offer Acceptance Date
- 2021-10-26
- Close Date
- 2021-12-29
- Close Price
- 969500
- Concessions
- No
- Buyer Financing
- Contract
More Information
Building Features
- Building Dimensions
- 40 X 240
- Multi Tenant
- Yes
- Private Restrooms
- Yes
- Public Restrooms
- Yes
- Strip Mall Location
- Yes
- Suspended Ceiling(s)
- Yes
- Other
- Yes
Exemption Information
- Exemption YN
- Y
Frontage Type
- Frontage Length
- 140
Income and Expenses
- Expense Year
- 2020
- Gross Scheduled Income
- 130368
- Insurance Expense
- 4231
- Net Operating Income
- 101292
- New Taxes Expense
- 11579
- Total Actual Rent
- 130368
- Electric Expense
- 0
- Gross Income
- 0
- Maintenance Expense
- 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
- Proof of funds, 48 hour notice.
- Appointment Only
- Yes
- Listing Agent Must Accompany
- Yes
Historical Information
- Public Historical Remarks
- Utilities: On, Frontage Access: Signal Intersection, Roof Structure: Gable,HIP, Utilities: Storm Sewer Avail.
Location, Tax, and Legal
- Tax Legal Description
- Legal Description: WOODLAND ESTATES 3RD ADD BLK TWO ALL LOT 17 & W. 32FT LOT 16
- Parcel Number
- 450734101001000006
- Township
- Calumet
- Directions
- 45th and Forrest. West Glen Park Av is 45th on the Griffith side of the street. 45th is the Highland side of the street.
Construction Materials
- Block
- Yes
- Brick
- Yes
- Cedar
- Yes
Cooling
- Central Air
- Yes
Electric
- 100 Amp Service
- Yes
- 150 Amp Service
- Yes
- 200+ Amp Service
- Yes
- Circuit Breakers
- Yes
- Separate Meters
- Yes
Flooring
- Carpet
- Yes
- Concrete
- Yes
- Tile
- Yes
- Varies
- Yes
- Vinyl
- Yes
Foundation Details
- Concrete Perimeter
- Yes
Heating
- Forced Air
- Yes
- Natural Gas
- Yes
Interior Features
- Elevator
- Yes
Listing Terms
- Cash
- Yes
- Contract
- Yes
- Conventional
- Yes
Parking Features
- Common
- Yes
- Lighted
- Yes
- Paved
- Yes
- Private
- Yes
Possession
- Subject To Tenant Rights
- Yes
Road Frontage Type
- City Street
- Yes
Roof
- Fiberglass
- Yes
Security Features
- Fire Hydrant On Site
- Yes
- Security Lights
- Yes
- Other
- 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
- Commercial
- Yes
- Office
- Yes
- Retail
- Yes
Possible Use
- Commercial
- Yes
- Medical/Dental
- Yes
- Mixed Use
- Yes
- Office
- Yes
- Retail
- Yes
Rail Availability
- None
- Yes
Listing Office:
Weichert, Realtors-Moke Agency
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.