2501 Leonard Drive, Valparaiso, IN 46383
$900,000
Property Type:
Commercial Sale
Square Footage:
10,806
Lot Size (sq. ft.):
81,022
Status:
Closed
Current Price:
$900,000
List Date:
9/12/2016
Last Modified:
2/24/2024
Overview
Description
Listing Details MLS# 401514
General Property Information
- Living Area
- 10806
- Building Area Source
- Assessor
- Accessibility Features YN
- Yes
- Year Built
- 1999
- Lot Size Acres
- 1.86
- Lot Size Square Feet
- 81022
- Lot Size Dimensions
- IRR
- Stories
- 2
Property Features
Building Features:
Atrium; Balcony; Commercial Park Location; Exterior Lighting; Meeting Room; Multi Tenant; Near Airport; Office Park Location; Passenger Elevator(s); Private Restrooms; Public Restrooms; Sheet Rock Ceiling(s); Suspended Ceiling(s)
Construction Materials:
Block; Brick; Frame
Cooling:
Central Air
Current Use:
Office
Electric:
Circuit Breakers; Separate Meters; Other
Flooring:
Carpet; Tile; Varies
Foundation Details:
Concrete Perimeter
Heating:
Forced Air
Interior Features:
Elevator
Listing Terms:
Cash; Conventional; Lease Purchase
Parking Features:
Common; Lighted; Paved
Possible Use:
Commercial; Medical/Dental; Office
Rail Availability:
None
Road Frontage Type:
City Street
Roof:
Composition; Flat; Mansard; Rubber
Security Features:
Security Lights
Tenant Pays:
Gas; Water
Utilities:
Electricity Available; Electricity Connected; Natural Gas Available; Natural Gas Connected; Sewer Connected; Water Connected
Water Source:
Public
Showing Requirements:
24 Hour Notice; Listing Agent Must Accompany
Contract Information
- Auction YN
- No
- Original List Price
- 1095000
- Property Sub Type
- Office
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
Location Tax and Legal
- Street Number
- 2501
- Street Name
- Leonard
- Street Suffix
- Drive
- County
- Porter
- State
- IN
- Postal Code
- 46383
- Subdivision Name
- Eastport Centre/Commerce
Remarks and Miscellaneous
- Public Remarks
- Beautifully maintained, 100% occupied, signature office building in desirable Eastport Centre Business Park. Offering 10,806 sqft of commercial office and common area space, this building is situated on 1.86 acres of land that could accommodate a second building, pending approval by the city. Great potential for investor with the building being fully rented. Property features 54 parking spots! Near the Valparaiso Airport and located off the intersection of IN Hwy 49 and US Hwy 30. Neighboring businesses include: Ivy Tech, United Way of Porter County, McAfee Animal Hospital, Chesters, and several medical and administrative offices.
Status Change Information
- Major Change Timestamp
- 2017-05-02T12:27:17Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2017-05-02
- Offer Acceptance Date
- 2017-04-28
- Close Date
- 2017-05-02
- Close Price
- 900000
- Buyer Financing
- Conventional
More Information
Building Features
- Industrial Park Name
- Eastport Centre
- Atrium
- Yes
- Balcony
- Yes
- Commercial Park Location
- Yes
- Exterior Lighting
- Yes
- Meeting Room
- Yes
- Multi Tenant
- Yes
- Near Airport
- Yes
- Office Park Location
- Yes
- Passenger Elevator(s)
- Yes
- Private Restrooms
- Yes
- Public Restrooms
- Yes
- Sheet Rock Ceiling(s)
- Yes
- Suspended Ceiling(s)
- Yes
Exemption Information
- Exemption YN
- Y
Income and Expenses
- Electric Expense
- 3723
- Expense Year
- 2015
- Gross Income
- 1277
- Gross Scheduled Income
- 79874
- Insurance Expense
- 7086
- Net Operating Income
- 6709
- New Taxes Expense
- 26963
- Professional Management Expense
- 3221
- Total Actual Rent
- 78646
- Trash Expense
- 1479
- Water Expense
- 1989
- Maintenance Expense
- 0
- Manager Expense
- 0
- Other Expense
- 0
- Sewer Expense
- 0
- Supplies Expense
- 0
Showing Requirements
- Showing Instructions
- After hours or weekends preferred for showings as owner does not want to inconvenience current tenants., Please call listing agent to set-up a showing.
- 24 Hour Notice
- Yes
- Listing Agent Must Accompany
- Yes
Historical Information
- Public Historical Remarks
- Utilities: On, Frontage Access: Public Road, Fire Protect: Fire Extinguishers
Location, Tax, and Legal
- Tax Legal Description
- Legal Description: EASTPORT CENTRE FOR COMMERCE & INDUSTRY LOT 9 DITCH TIF
- Parcel Number
- 641029152003000029
- Township
- Center
- Directions
- From Intersection of HWY 49 and Laporte Ave, go east to Eastport Center Drive, and go south to property at corner of Leonard. Or Use Google Maps.
Construction Materials
- Block
- Yes
- Brick
- Yes
- Frame
- Yes
Cooling
- Central Air
- Yes
Electric
- Circuit Breakers
- Yes
- Separate Meters
- Yes
- Other
- Yes
Flooring
- Carpet
- Yes
- Tile
- Yes
- Varies
- Yes
Foundation Details
- Concrete Perimeter
- Yes
Heating
- Forced Air
- Yes
Interior Features
- Elevator
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
- Lease Purchase
- Yes
Parking Features
- Common
- Yes
- Lighted
- Yes
- Paved
- Yes
Road Frontage Type
- City Street
- Yes
Roof
- Composition
- Yes
- Flat
- Yes
- Mansard
- Yes
- Rubber
- Yes
Security Features
- Security Lights
- 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
- Water
- Yes
Current Use
- Office
- Yes
Possible Use
- Commercial
- Yes
- Medical/Dental
- Yes
- Office
- Yes
Rail Availability
- None
- Yes
Listing Office:
BHHS Executive Realty
Last Updated: February - 24 - 2024
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