2817 Highway Avenue, Highland, IN 46322
$500,000
Property Type:
Commercial Sale
Square Footage:
8,256
Lot Size (sq. ft.):
7,056
Status:
Closed
Current Price:
$500,000
List Date:
2/24/2022
Last Modified:
2/24/2024
Overview
Description
Listing Details MLS# 508023
General Property Information
- Living Area
- 8256
- Building Area Source
- Assessor
- Year Built
- 1949
- Lot Size Acres
- 0.162
- Lot Size Square Feet
- 7056
- Lot Size Dimensions
- 48 x 82 + 48 x 65
- Waterfront YN
- No
- Stories
- 2
Property Features
Building Features:
Acoustical Ceiling(s); Business District Location; Meeting Room; Mixed Use; Multi Tenant; Private Restrooms; Sheet Rock Ceiling(s); Other
Construction Materials:
Block; Brick; Concrete
Cooling:
Central Air; Zoned
Current Use:
Mixed Use; Office; Retail; Warehouse
Electric:
200+ Amp Service
Flooring:
Carpet; Concrete; Vinyl; Other
Foundation Details:
Concrete Perimeter
Heating:
Forced Air; Natural Gas; Zoned
Interior Features:
Elevator
Listing Terms:
Cash; Conventional
Parking Features:
Lighted; Paved; Private
Possession:
Subject To Tenant Rights
Possible Use:
Commercial; Medical/Dental; Office; Retail
Rail Availability:
None
Road Frontage Type:
City Street
Roof:
Flat; Rubber
Security Features:
Fire Sprinkler System
Tenant Pays:
None
Utilities:
Cable Available; Electricity Available; Electricity Connected; Natural Gas Available; Natural Gas Connected
Water Source:
Public
Showing Requirements:
24 Hour Notice
Contract Information
- Auction YN
- No
- Original List Price
- 775000
- Property Sub Type
- Office
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
Location Tax and Legal
- Street Number
- 2817
- Street Name
- Highway
- Street Suffix
- Avenue
- County
- Lake
- State
- IN
- Postal Code
- 46322
- Subdivision Name
- Highland
Remarks and Miscellaneous
- Public Remarks
- Mixed use building in downtown Highland with 6,048SF Commercial space on main level and 3 fully rented apartments (Two 1 Bedroom & One 2 Bedroom) on the upper level. Main Level has approx 2208SF Office/Professional space with 8 offices, Reception area, Conference Room, File Room, Storage area and 2 Bathrooms + approx 3840SF of Shop/Warehouse space. There are 8 dedicated Parking spaces in the rear of building and Public street parking in the front of the building; Roof is 4 years old. Great location to locate a business with income from the apartments or lease the entire main floor. Main floor is currently occupied by owners business; business is moving to a new location. Note: There are 2 PIN's: 45-07-21-404-018.000-026 + 45-07-21-404-005.000-026
Status Change Information
- Major Change Timestamp
- 2024-02-18T02:07:42Z
- Major Change Type
- Price Reduced
- Price Change Timestamp
- 2024-02-18T02:07:42Z
- Status Change Timestamp
- 2022-07-28
- Offer Acceptance Date
- 2022-07-10
- Close Date
- 2022-07-28
- Close Price
- 500000
- Concessions
- No
- Buyer Financing
- Cash
More Information
Building Features
- Building Dimensions
- 48x82
- Number of Offices
- 9
- Office SqFt
- 2208
Exemption Information
- Exemption YN
- Y
Income and Expenses
- Electric Expense
- 3660
- Expense Year
- 2021
- Gross Scheduled Income
- 79500
- Insurance Expense
- 2507
- Net Operating Income
- 62297
- New Taxes Expense
- 4789
- Professional Management Expense
- 2597
- Total Actual Rent
- 79500
- Trash Expense
- 3200
Showing Requirements
- Showing Instructions
- use showing assist. 24 hour notice requested due to tenants
Historical Information
- Public Historical Remarks
- Utilities: On, Parking: Public Parking, Roof Coverings: Reflective Coating, Fire Protect: Fire Extinguishers
Listing Office:
Evers Realty Group
Last Updated: February - 24 - 2024
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