3145 45th Avenue, Highland, IN 46322

$972,000
Property Type: Commercial Sale Square Footage: 13,148 Lot Size (sq. ft.): 57,935 Status: Closed
Current Price: $972,000 List Date: 4/06/2021 Last Modified: 2/24/2024

Overview

Description

Fully occupied showing a 10% cap rate! Highly visible office / retail mall anchored by Community Healthcare Systems. Super site on busy 45th Avenue between Kennedy Avenue and Cline Avenue. An eclectic group of great tenants including a pediatric Doctor, a logistics firm, a day spa, a home health care business, a barber, a wholistic wellness center, and a building maintenance company. Tenants pay their own gas, electric, and liability insurance. Owner provides water, sewer, and scavenger. Rent roll attached. Ask your agent for a copy. Also listed as multi-unit. More info available in that listing.

Listing Details MLS# 490691

General Property Information

Living Area
13148
Building Area Source
Assessor
Accessibility Features YN
Yes
Year Built
1979
Lot Size Acres
1.33
Lot Size Square Feet
57935
Lot Size Dimensions
165 X 331
Waterfront YN
No
Stories
Yes

Property Features

Building Features: Acoustical Ceiling(s); Business District Location; Exterior Lighting; Inside Corridor(s); Private Restrooms; Public Restrooms Construction Materials: Block; Brick; Cedar; Frame Cooling: Central Air Current Use: Medical/Dental; Office Electric: 100 Amp Service; 150 Amp Service; 200+ Amp Service; 220 Volts; Circuit Breakers; Separate Meters Flooring: Varies Foundation Details: Concrete Perimeter Heating: Forced Air; Natural Gas Interior Features: Elevator Listing Terms: Cash; Conventional Parking Features: Common; Lighted; Paved Possession: Rental Agreement; Subject To Tenant Rights Possible Use: Office; Retail Rail Availability: None Road Frontage Type: City Street Roof: Mansard; Rubber Security Features: Security Lights Tenant Pays: Gas Utilities: Electricity Available; Electricity Connected; Natural Gas Available; Natural Gas Connected; Sewer Connected; Water Connected Showing Requirements: Appointment Only; Listing Agent Must Accompany

Contract Information

Auction YN
No
Original List Price
1029860
Property Sub Type
Office
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant

Location Tax and Legal

Street Number
3145
Street Name
45th
Street Suffix
Avenue
County
Lake
State
IN
Postal Code
46322
Subdivision Name
E 165.5 ft of S 661.4 ft of SE SE Ex N 3

Remarks and Miscellaneous

Public Remarks
Fully occupied showing a 10% cap rate! Highly visible office / retail mall anchored by Community Healthcare Systems. Super site on busy 45th Avenue between Kennedy Avenue and Cline Avenue. An eclectic group of great tenants including a pediatric Doctor, a logistics firm, a day spa, a home health care business, a barber, a wholistic wellness center, and a building maintenance company. Tenants pay their own gas, electric, and liability insurance. Owner provides water, sewer, and scavenger. Rent roll attached. Ask your agent for a copy. Also listed as multi-unit. More info available in that listing.

Status Change Information

Major Change Timestamp
2022-10-21T11:54:32Z
Major Change Type
Status Change
Status Change Timestamp
2022-10-21
Offer Acceptance Date
2022-05-16
Close Date
2022-10-21
Close Price
972000
Concessions
No
Buyer Financing
Conventional

More Information

Building Features

Building Dimensions
76 X 178

Exemption Information

Exemption YN
N

Income and Expenses

Expense Year
2021
Gross Scheduled Income
133560
Insurance Expense
4472
Net Operating Income
103107
New Taxes Expense
13799
Total Actual Rent
133560
Trash Expense
2138
Water Expense
2308

Showing Requirements

Showing Instructions
Weekday showings are best. Most tenants will be there., Call listing agent. At lease a day's notice please.

Historical Information

Public Historical Remarks
Zoning: BUSO, Utilities: On, Air Cond/Ventilation: Space, Roof Structure: Pitched, Fire Protect: Fire Extinguishers
Listing Office: Weichert, Realtors-Moke Agency
Last Updated: February - 24 - 2024
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