2200 Memorial Parkway, Valparaiso, IN 46383

$5,350,000
Property Type: Commercial Sale Square Footage: 82,369 Lot Size (sq. ft.): 348,480 Status: Closed
Current Price: $5,350,000 List Date: 2/25/2019 Last Modified: 6/19/2024

Overview

Description

Strategically located within a skilled labor pool in the great community of Valparaiso, this 82,369 SF manufacturing/distribution/flex office building is new and ready for you. 32' of clear height + over 26' of column span to make this shell building so adaptable to your needs. Three exterior docks allow easy delivery, unloading and re-loading. 51 parking spots, expandable for more. The building is also expandable, subject to acquisition of the neighboring parcel, for up to about 220,000 SF under roof. Within grasp of plenty of power, and the new high speed dark fiber loop for technology-based business. Enjoy the relatively low taxes and supportive business environment that Indiana offers, along with the benefit of 10-year tax abatement to spur your success. Easy shipping and travel along IN Hwy 49 and US Hwy 30 to connect with major interstate crossroads just minutes from the facility. Setup your tour today!

Listing Details MLS# 450256

General Property Information

Living Area
82369
Building Area Source
Assessor
Year Built
2016
Lot Size Acres
8
Lot Size Square Feet
348480
Lot Size Dimensions
680 x 501 at short dimension
Stories
0

Property Features

Building Features: Commercial Park Location; Depressed Dock(s); Docks Community; Exposed Under Roof Ceiling(s); Exterior Lighting; Open Dock(s); Other Construction Materials: Concrete; Steel Siding; Other Cooling: None Current Use: Investment; Mixed Use; Warehouse Electric: 100 Amp Service; 150 Amp Service; 200+ Amp Service Flooring: Other Foundation Details: Concrete Perimeter Heating: Forced Air Interior Features: Elevator Listing Terms: Conventional Parking Features: Paved; Private Possession: Other Possible Use: Commercial; Industrial; Office; Warehouse; Other Rail Availability: None Roof: Other Security Features: Security Lights; Other Tenant Pays: None Utilities: Electricity Available; Electricity Connected; Natural Gas Available; Natural Gas Connected; Sewer Connected Water Source: Public Showing Requirements: Listing Agent Must Accompany

Contract Information

Auction YN
No
Original List Price
5700000
Property Sub Type
Industrial
Listing Agreement
Exclusive Right To Sell
Occupant Type
Vacant

Location Tax and Legal

Street Number
2200
Street Name
Memorial
Street Suffix
Parkway
County
Porter
State
IN
Postal Code
46383
Subdivision Name
Lakes/Valparaiso Ph 2

Remarks and Miscellaneous

Public Remarks
Strategically located within a skilled labor pool in the great community of Valparaiso, this 82,369 SF manufacturing/distribution/flex office building is new and ready for you. 32' of clear height + over 26' of column span to make this shell building so adaptable to your needs. Three exterior docks allow easy delivery, unloading and re-loading. 51 parking spots, expandable for more. The building is also expandable, subject to acquisition of the neighboring parcel, for up to about 220,000 SF under roof. Within grasp of plenty of power, and the new high speed dark fiber loop for technology-based business. Enjoy the relatively low taxes and supportive business environment that Indiana offers, along with the benefit of 10-year tax abatement to spur your success. Easy shipping and travel along IN Hwy 49 and US Hwy 30 to connect with major interstate crossroads just minutes from the facility. Setup your tour today!

Status Change Information

Major Change Timestamp
2024-02-18T02:05:02Z
Major Change Type
Price Reduced
Price Change Timestamp
2024-02-18T02:05:02Z
Status Change Timestamp
2021-03-02
Close Date
2021-03-02
Close Price
5350000
Concessions
No
Buyer Financing
Conventional

More Information

Building Features

Industrial Park Name
The Lakes of Valparaiso
Commercial Park Location
Yes
Depressed Dock(s)
Yes
Docks Community
Yes
Exposed Under Roof Ceiling(s)
Yes
Exterior Lighting
Yes
Open Dock(s)
Yes
Other
Yes

Exemption Information

Exemption YN
Y

Showing Requirements

Showing Instructions
Call Listing Broker Matt Evans to arrange showings.
Listing Agent Must Accompany
Yes

Historical Information

Public Historical Remarks
Zoning: INDUS, Utilities: On, Frontage Access: Public Road

Location, Tax, and Legal

Tax Legal Description
Legal Description: THE LAKES OF VALPARAISO PUD PH 2 BUSINESS PARK AREA LOT 8 8A TIF
Parcel Number
641017252001000029
Zoning Description
Industrial
Township
Washington
Directions
From Vale Park and Hwy 49, go east to Memorial Parkway at the Lakes Of Valparaiso north entrance, then south on Memorial to the property.
Cross Street
Vale Park

Construction Materials

Concrete
Yes
Steel Siding
Yes
Other
Yes

Cooling

None
Yes

Electric

100 Amp Service
Yes
150 Amp Service
Yes
200+ Amp Service
Yes

Flooring

Other
Yes

Foundation Details

Concrete Perimeter
Yes

Heating

Forced Air
Yes

Interior Features

Elevator
Yes

Listing Terms

Conventional
Yes

Parking Features

Paved
Yes
Private
Yes

Possession

Other
Yes

Roof

Other
Yes

Security Features

Security Lights
Yes
Other
Yes

Utilities

Electricity Available
Yes
Electricity Connected
Yes
Natural Gas Available
Yes
Natural Gas Connected
Yes
Sewer Connected
Yes

Water Source

Public
Yes

Auction

Minimum Opening Bid
0
Buyer Premium Amount
0

Income and Expenses

Electric Expense
0
Gross Income
0
Gross Scheduled Income
0
Insurance Expense
0
Maintenance Expense
0
Manager Expense
0
Net Operating Income
0
New Taxes Expense
0
Other Expense
0
Professional Management Expense
0
Sewer Expense
0
Supplies Expense
0
Total Actual Rent
0
Trash Expense
0
Water Expense
0

Tenant Pays

None
Yes

Current Use

Investment
Yes
Mixed Use
Yes
Warehouse
Yes

Possible Use

Commercial
Yes
Industrial
Yes
Office
Yes
Warehouse
Yes
Other
Yes

Rail Availability

None
Yes
Listing Office: RE/MAX Lifestyles
Last Updated: June - 19 - 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.