250 N Main Street, Crown Point, IN 46307

$1,150,000
Property Type: Commercial Sale Square Footage: 12,000 Lot Size (sq. ft.): 45,302 Status: Closed
Current Price: $1,150,000 List Date: 2/07/2022 Last Modified: 2/24/2024

Overview

Description

FIRST TIME OFFERED ON THE MARKET! Original Owners offering this one-of-a-kind opportunity which has been a part of the Crown Point community for 53 years! Excellent location conveniently located within walking distance to Historic Downtown Square! Office complex consists of three separate brick buildings which is located in one of Crown Point's premier and well established business complexes. The majority of the individual suites have recently been remodeled. A sampling of the businesses located within the office complex consists of: medical professions, law offices, financial advisor, real estate brokerages and a engineering firm. Want more? South building includes four remodeled 2 bedroom apartments! An additional feature of this professional, well maintained complex is the abundance of designated parking for the office complex businesses.

Listing Details MLS# 507341

General Property Information

Living Area
12000
Building Area Source
Assessor
Year Built
1969
Lot Size Acres
1.04
Lot Size Square Feet
45302
Waterfront YN
No

Property Features

Building Features: Acoustical Ceiling(s); Business District Location; Exterior Lighting; Lunch Room; Meeting Room; Multi Tenant; Office Park Location; Private Restrooms; Sheet Rock Ceiling(s) Construction Materials: Brick; Cedar; Frame; Shake Siding Cooling: Central Air Current Use: Medical/Dental; Mixed Use; Office Electric: 100 Amp Service; Circuit Breakers; Separate Meters Flooring: Carpet; Tile; Vinyl Foundation Details: Concrete Perimeter Heating: Forced Air; Hot Water; Natural Gas; Radiant Interior Features: Elevator Listing Terms: Cash; Conventional Parking Features: Lighted; Paved; Private Possession: Close Of Escrow Possible Use: Medical/Dental; Mixed Use; Office; Retail Rail Availability: None Road Frontage Type: City Street; State Road Roof: Composition; Mansard Security Features: Security Lights; Smoke Detector(s) Utilities: Cable Available; Electricity Connected; Natural Gas Available; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected Water Source: Public Showing Requirements: Appointment Only; Listing Agent Must Accompany

Contract Information

Auction YN
No
Original List Price
1250000
Property Sub Type
Office
Property Attached YN
No
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant

Location Tax and Legal

Street Number
250
Street Direction Prefix
N
Street Name
Main
Street Suffix
Street
County
Lake
State
IN
Postal Code
46307
Subdivision Name
None

Remarks and Miscellaneous

Public Remarks
FIRST TIME OFFERED ON THE MARKET! Original Owners offering this one-of-a-kind opportunity which has been a part of the Crown Point community for 53 years! Excellent location conveniently located within walking distance to Historic Downtown Square! Office complex consists of three separate brick buildings which is located in one of Crown Point's premier and well established business complexes. The majority of the individual suites have recently been remodeled. A sampling of the businesses located within the office complex consists of: medical professions, law offices, financial advisor, real estate brokerages and a engineering firm. Want more? South building includes four remodeled 2 bedroom apartments! An additional feature of this professional, well maintained complex is the abundance of designated parking for the office complex businesses.

Status Change Information

Major Change Timestamp
2022-06-23T11:56:00Z
Major Change Type
Status Change
Status Change Timestamp
2022-06-23
Offer Acceptance Date
2022-02-26
Close Date
2022-06-23
Close Price
1150000
Concessions
No
Buyer Financing
Conventional

More Information

Exemption Information

Exemption YN
Y

Income and Expenses

Expense Year
2021
Gross Scheduled Income
119050
Insurance Expense
5175
Net Operating Income
71260
New Taxes Expense
15929
Other Expense
106
Professional Management Expense
7240
Supplies Expense
330
Total Actual Rent
119050
Trash Expense
430
Water Expense
3500

Showing Requirements

Showing Instructions
Listing agent to confirm all showings through Showing Assist. Listing agent to accompanied all showings. Please provide 48 hours notice for showings. Thank you, Listing agent to confirm all showings through Showing Assist

Historical Information

Public Historical Remarks
Utilities: On, Frontage Access: Public Road, Roof Structure: Truss, Fire Protect: Fire Extinguishers
Listing Office: Kraft Real Estate Services, LL
Last Updated: February - 24 - 2024
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