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
- Waterfront YN
- No
- 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
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
Showing Requirements
- Showing Instructions
- Proof of funds, 48 hour notice.
Historical Information
- Public Historical Remarks
- Utilities: On, Frontage Access: Signal Intersection, Roof Structure: Gable,HIP, Utilities: Storm Sewer Avail.
Listing Office:
Weichert, Realtors-Moke Agency
Last Updated: February - 24 - 2024
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