2358 N US Highway 35, La Porte, IN 46350

$1,000,000
Property Type: Commercial Sale Square Footage: 15,220 Lot Size (sq. ft.): 115,870 Status: Closed
Current Price: $1,000,000 List Date: 6/13/2022 Last Modified: 2/24/2024

Overview

Description

LOCATION, LOCATION on the north side of Pine Lake and Legacy Hills Golf Club offering great opportunities for exposure this spacious office complex could be divided into 7 individual rental units and a great return in investment! The current owner occupies the majority of the space and is willing to lease back for 1 year. 1 unit on the north side is currently rented individually for $750/month from a long term tenant that wishes to stay. The north side of the roof on the building is approx. 5 years old, the south end of the roof on the building was redone in 2021. There are 9 roof top heating and air conditioning units. 2 have been recently replaced. All are in working condition. There is a large open parking lot and parking available around the side and the back of the building as well. There is also a 2 car detached out building perfect for storage or another possible rental opportunity as well.

Listing Details MLS# 514387

General Property Information

Living Area
15220
Building Area Source
Assessor
Accessibility Features YN
Yes
Year Built
1990
Lot Size Acres
2.66
Lot Size Square Feet
115870
Lot Size Dimensions
Irreg
Stories
0

Property Features

Building Features: Acoustical Ceiling(s); Exterior Lighting; Lunch Room; Meeting Room; Multi Tenant; Public Restrooms; Strip Mall Location; Suspended Ceiling(s) Construction Materials: Brick Cooling: Central Air Current Use: Office Electric: 100 Amp Service; 150 Amp Service; 200+ Amp Service Flooring: Carpet; Concrete; Vinyl Foundation Details: Concrete Perimeter Frontage Type: See Remarks Heating: Ceiling; Forced Air Interior Features: Elevator Listing Terms: Cash; Conventional Parking Features: Paved Possession: Negotiable; Seller Rent Back Possible Use: Medical/Dental; Office; Retail Rail Availability: None Road Frontage Type: County Road; State Road Roof: Flat; Membrane; Rubber Security Features: Fire Alarm Tenant Pays: Gas; Water Utilities: Detention Pond; Electricity Connected; Natural Gas Available; Natural Gas Connected; Sewer Connected Water Source: Public

Contract Information

Auction YN
No
Original List Price
1100000
Property Sub Type
Office
Listing Agreement
Exclusive Right To Sell
Occupant Type
Owner

Location Tax and Legal

Street Number
2358
Street Direction Prefix
N
Street Name
US Highway 35
County
La Porte
State
IN
Postal Code
46350
Subdivision Name
n/a

Remarks and Miscellaneous

Public Remarks
LOCATION, LOCATION on the north side of Pine Lake and Legacy Hills Golf Club offering great opportunities for exposure this spacious office complex could be divided into 7 individual rental units and a great return in investment! The current owner occupies the majority of the space and is willing to lease back for 1 year. 1 unit on the north side is currently rented individually for $750/month from a long term tenant that wishes to stay. The north side of the roof on the building is approx. 5 years old, the south end of the roof on the building was redone in 2021. There are 9 roof top heating and air conditioning units. 2 have been recently replaced. All are in working condition. There is a large open parking lot and parking available around the side and the back of the building as well. There is also a 2 car detached out building perfect for storage or another possible rental opportunity as well.

Status Change Information

Major Change Timestamp
2022-10-14T11:56:38Z
Major Change Type
Status Change
Status Change Timestamp
2022-10-14
Offer Acceptance Date
2022-06-17
Close Date
2022-10-14
Close Price
1000000
Concessions
No
Buyer Financing
Conventional

More Information

Exemption Information

Exemption YN
Y

Income and Expenses

New Taxes Expense
1570
Total Actual Rent
9000
Electric Expense
0
Gross Income
0
Gross Scheduled Income
0
Insurance Expense
0
Maintenance Expense
0
Manager Expense
0
Net Operating Income
0
Other Expense
0
Professional Management Expense
0
Sewer Expense
0
Supplies Expense
0
Trash Expense
0
Water Expense
0

Showing Requirements

Showing Instructions
Must have notice of showings. Prefer 3PM or after

Historical Information

Public Historical Remarks
Utilities: On, Parking: Public Parking, Fire Protect: Fire Extinguishers

Location, Tax, and Legal

Postal Code +4
8380
Tax Legal Description
Legal Description: 04-06-22-401-003 NW COR W 1/2 SE 1/4 W OF HWY S22 T37 R3 2.66 AC
Parcel Number
460622401003000042
Township
Center
Directions
2nd complex just north of the Johnson Rd- Hwy 35 N intersection
Cross Street
Johnson Rd

Construction Materials

Brick
Yes

Cooling

Central Air
Yes

Electric

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

Flooring

Carpet
Yes
Concrete
Yes
Vinyl
Yes

Foundation Details

Concrete Perimeter
Yes

Frontage Type

See Remarks
Yes

Heating

Ceiling
Yes
Forced Air
Yes

Interior Features

Elevator
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Parking Features

Paved
Yes

Possession

Negotiable
Yes
Seller Rent Back
Yes

Road Frontage Type

County Road
Yes
State Road
Yes

Roof

Flat
Yes
Membrane
Yes
Rubber
Yes

Security Features

Fire Alarm
Yes

Utilities

Detention Pond
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

Tenant Pays

Gas
Yes
Water
Yes

Current Use

Office
Yes

Possible Use

Medical/Dental
Yes
Office
Yes
Retail
Yes

Building Features

Acoustical Ceiling(s)
Yes
Exterior Lighting
Yes
Lunch Room
Yes
Meeting Room
Yes
Multi Tenant
Yes
Public Restrooms
Yes
Strip Mall Location
Yes
Suspended Ceiling(s)
Yes

Rail Availability

None
Yes
Listing Office: REMAX County Wide 1st
Last Updated: February - 24 - 2024
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