312 HWY 20 W, Michigan City, IN 46360

$650,000
Property Type: Commercial Sale Square Footage: 7,126 Lot Size (sq. ft.): 80,586 Status: Closed
Current Price: $650,000 List Date: 11/11/2019 Last Modified: 6/19/2024

Overview

Description

High traffic location on Hwy. 20 directly in front of the new Kohl's and across from Marquette Mall.Building has 7,126 square feet and the lot is 1.85 acres with plenty of parking available. Presently leased for $9.26 per sq ft NNN. New owner can get possession if desired.Property extends well in to the Kohl Mall property.

Listing Details MLS# 465995

General Property Information

Living Area
7126
Building Area Source
Assessor
Year Built
1970
Lot Size Acres
1.85
Lot Size Square Feet
80586
Lot Size Dimensions
1.85 AC
Stories
0

Property Features

Building Features: Acoustical Ceiling(s); Business District Location; Exterior Lighting; Out Lot; Public Restrooms; Sheet Rock Ceiling(s); Strip Mall Location; Suspended Ceiling(s) Construction Materials: Frame; Stucco; Other Cooling: Central Air; Exhaust Fan Current Use: Commercial Electric: 200+ Amp Service Flooring: Carpet Foundation Details: Block Heating: Central; Forced Air; Natural Gas Interior Features: Elevator Listing Terms: Cash; Conventional Parking Features: Open; Paved Possession: Close Of Escrow Possible Use: Automotive; Commercial; Medical/Dental; Mixed Use; Office; Recreational; Retail; Other Rail Availability: None Road Frontage Type: Highway; Other Roof: Composition; Other Security Features: Fire Alarm; Fire Sprinkler System; Security Lights Tenant Pays: Gas Utilities: Electricity Connected; Natural Gas Available; Natural Gas Connected; Sewer Connected Water Source: Public Showing Requirements: 24 Hour Notice

Contract Information

Auction YN
No
Original List Price
695000
Property Sub Type
Retail
Property Attached YN
No
Listing Agreement
Exclusive Right To Sell
Occupant Type
Vacant

Location Tax and Legal

Street Number
312
Street Name
HWY 20
Street Direction Suffix
W
County
La Porte
State
IN
Postal Code
46360
Subdivision Name
None

Remarks and Miscellaneous

Public Remarks
High traffic location on Hwy. 20 directly in front of the new Kohl's and across from Marquette Mall.Building has 7,126 square feet and the lot is 1.85 acres with plenty of parking available. Presently leased for $9.26 per sq ft NNN. New owner can get possession if desired.Property extends well in to the Kohl Mall property.

Status Change Information

Major Change Timestamp
2020-06-03T12:33:48Z
Major Change Type
Status Change
Status Change Timestamp
2020-06-03
Offer Acceptance Date
2020-05-26
Close Date
2020-06-03
Close Price
650000
Concessions
No
Buyer Financing
Cash

More Information

Exemption Information

Exemption YN
Y

Income and Expenses

New Taxes Expense
10563
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
Total Actual Rent
0
Trash Expense
0
Water Expense
0

Showing Requirements

Showing Instructions
Must call Listing Agent, 219-608-0328
24 Hour Notice
Yes

Historical Information

Public Historical Remarks
Utilities: On, Parking: Public Parking, Roof Structure: Gable

Location, Tax, and Legal

Tax Legal Description
Legal Description: 13-05-08-202-016 PCE N SD W1/2 NE1/4 S8 T37 R4 - 1.85A
Parcel Number
460508202016000009
Township
Michigan
Directions
Highway 20 west

Construction Materials

Frame
Yes
Stucco
Yes
Other
Yes

Cooling

Central Air
Yes
Exhaust Fan
Yes

Electric

200+ Amp Service
Yes

Flooring

Carpet
Yes

Foundation Details

Block
Yes

Heating

Central
Yes
Forced Air
Yes
Natural Gas
Yes

Interior Features

Elevator
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Parking Features

Open
Yes
Paved
Yes

Possession

Close Of Escrow
Yes

Road Frontage Type

Highway
Yes
Other
Yes

Roof

Composition
Yes
Other
Yes

Security Features

Fire Alarm
Yes
Fire Sprinkler System
Yes
Security Lights
Yes

Utilities

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

Current Use

Commercial
Yes

Possible Use

Automotive
Yes
Commercial
Yes
Medical/Dental
Yes
Mixed Use
Yes
Office
Yes
Recreational
Yes
Retail
Yes
Other
Yes

Building Features

Acoustical Ceiling(s)
Yes
Business District Location
Yes
Exterior Lighting
Yes
Out Lot
Yes
Public Restrooms
Yes
Sheet Rock Ceiling(s)
Yes
Strip Mall Location
Yes
Suspended Ceiling(s)
Yes

Rail Availability

None
Yes
Listing Office: LaPorte County Realty, Inc.
Last Updated: June - 19 - 2024
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