3232 Central Avenue, Lake Station, IN 46405 (MLS# 803000)

3232 Central Avenue, Lake Station, IN 46405

$480,000

Property Type: Commercial Sale Square Footage: 24,629 Lot Size (sq. ft.): 66,647 Status: Closed

Current Price: $480,000 List Date: 5/02/2024 Last Modified: 1/06/2025

Overview

Description

Here is the opportunity you've been waiting for. Once a well producing grocery store, this one level building has been completely cleaned out and offers a clean slate for any ideas you can dream up. This building offers over 24,000 square feet, has a ceiling height of 17' 6" to the bottom of the decking and 15' 10" to the bottom of the bar joists, and has a solid concrete floor still in tact. There is currently 1 overhead door, a loading dock, and plenty of parking throughout the site. All utilities are on site and ready for redevelopment with this wonderful opportunity.

Listing Details MLS# 803000

General Property Information

Number Of Units Total: Yes
Living Area: 24629
Building Area Source: Assessor
Year Built: 1973
Parking Total: 50
Lot Size Acres: 1.53
Lot Size Square Feet: 66646.8
Lot Size Source: Assessor
Lot Size Dimensions: 396 x 221 x 247 x 129 x 148 x 91
Basement YN: No
Stories: Yes

Property Features

Appliances: None Building Features: Business District Location; Commercial Park Location; Exposed Under Roof Ceiling(s) Community Features: Curbs; Restaurant; Sidewalks; Street Lights Construction Materials: Block; Brick Cooling: None Current Use: Vacant Electric: 200+ Amp Service; Other Exterior Features: Dock; Rain Gutters Fencing: None Flooring: Concrete Foundation Details: Concrete Perimeter Heating: None Interior Features: Attic Stairway; High Ceilings; Open Floorplan Laundry Features: None Listing Terms: Cash; Contract; Conventional Lock Box Information: Combo Lot Features: Open Lot; Paved Owner Pays: Common Area Maintenance; Electricity; Exterior Maintenance; Gas; Hot Water; HVAC Maintenance; Insurance; Janitorial Service; Pest Control; Repairs; Roof Maintenance; Sewer; Snow Removal; Taxes; Telephone; Trash Collection; Water Parking Features: Asphalt; Common; On Site; Parking Lot; Paved Possession: Close Of Escrow Possible Use: Commercial; Development; Investment; Mixed Use; Office; Place of Worship; Retail; Subdevelopment Rail Availability: None Road Frontage Type: City Street Roof: Flat; Rubber Sewer: Public Sewer Special Listing Conditions: Standard Tenant Pays: None Utilities: Cable Available; Electricity Available; Natural Gas Available; Phone Available; Sewer Available; Water Available Water Source: Public Showing Considerations: Electricity Not On; Minimal Interior Lighting; No Exterior Lighting; No Heat Showing Requirements: Appointment Only; Lockbox; Showing Service

Contract Information

Auction YN: No
Historical MLS number: 469008
Original List Price: 1100000
Property Sub Type: Retail
Property Attached YN: No
Listing Agreement: Exclusive Right To Sell
Common Interest: None
Owner Name: Petrovski Alexander
Occupant Type: Vacant

Location Tax and Legal

Street Number: 3232
Street Name: Central
Street Suffix: Avenue
County: Lake
State: IN
Postal Code: 46405

Remarks and Miscellaneous

Public Remarks: Here is the opportunity you've been waiting for. Once a well producing grocery store, this one level building has been completely cleaned out and offers a clean slate for any ideas you can dream up. This building offers over 24,000 square feet, has a ceiling height of 17' 6" to the bottom of the decking and 15' 10" to the bottom of the bar joists, and has a solid concrete floor still in tact. There is currently 1 overhead door, a loading dock, and plenty of parking throughout the site. All utilities are on site and ready for redevelopment with this wonderful opportunity.

Status Change Information

Major Change Timestamp: 2025-01-06T18:04:25Z
Major Change Type: Status Change
Price Change Timestamp: 2024-08-07T22:52:25Z
Status Change Timestamp: 2025-01-06
Offer Acceptance Date: 2024-09-11
Close Date: 2025-01-06
Close Price: 480000
Concessions: No
Buyer Financing: Cash

More Information

Building Features

Building Dimensions: Irregular
Clear Ceiling Height: 17' 6"
Overhead Doors: Yes
Cranes: No
Business District Location: Yes
Commercial Park Location: Yes
Exposed Under Roof Ceiling(s): Yes

Exemption Information

Exemption YN: No

Frontage Type

Frontage Length: 247

Showing Requirements

Showing Instructions: Schedule through showing assist. Lockbox code will be given once confirmed.
Appointment Only: Yes
Lockbox: Yes
Showing Service: Yes

Location, Tax, and Legal

Tax Annual Amount: 13611
Tax Year: 2022
Tax Legal Description: PT. NE.1/4 S.17 T.36 R.7 LY'NG S. OF RR R/W 1.523AC
Parcel Number: 450917276004000021
Township: Hobart
Directions: From 80/94 head south on Ripley to Central Ave. Turn right and head east to address
Census Tract: 418

Appliances

None: Yes

Community Features

Curbs: Yes
Restaurant: Yes
Sidewalks: Yes
Street Lights: Yes

Construction Materials

Block: Yes
Brick: Yes

Cooling

None: Yes

Electric

200+ Amp Service: Yes
Other: Yes

Exterior Features

Dock: Yes
Rain Gutters: Yes

Fencing

None: Yes

Flooring

Concrete: Yes

Foundation Details

Concrete Perimeter: Yes

Heating

None: Yes

Interior Features

Attic Stairway: Yes
High Ceilings: Yes
Open Floorplan: Yes

Laundry Features

None: Yes

Listing Terms

Cash: Yes
Contract: Yes
Conventional: Yes

Lock Box Information

Combo: Yes

Lot Features

Open Lot: Yes
Paved: Yes

Parking Features

Asphalt: Yes
Common: Yes
On Site: Yes
Parking Lot: Yes
Paved: Yes

Possession

Close Of Escrow: Yes

Road Frontage Type

City Street: Yes

Roof

Flat: Yes
Rubber: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

Standard: Yes

Utilities

Cable Available: Yes
Electricity Available: Yes
Natural Gas Available: Yes
Phone Available: Yes
Sewer Available: Yes
Water Available: Yes

Water Source

Public: Yes

Income and Expenses

Cable TV Expense: 0
Cap Rate: 0
Electric Expense: 0
Fuel Expense: 0
Gardener Expense: 0
Gross Income: 0
Gross Scheduled Income: 0
Insurance Expense: 0
Licenses Expense: 0
Maintenance Expense: 0
Manager Expense: 0
Net Operating Income: 0
New Taxes Expense: 0
Operating Expense: 0
Other Expense: 0
Pest Control Expense: 0
Pool Expense: 0
Professional Management Expense: 0
Sewer Expense: 0
Supplies Expense: 0
Total Actual Rent: 0
Trash Expense: 0
Water Expense: 0

Owner Pays

Common Area Maintenance: Yes
Electricity: Yes
Exterior Maintenance: Yes
Gas: Yes
Hot Water: Yes
HVAC Maintenance: Yes
Insurance: Yes
Janitorial Service: Yes
Pest Control: Yes
Repairs: Yes
Roof Maintenance: Yes
Sewer: Yes
Snow Removal: Yes
Taxes: Yes
Telephone: Yes
Trash Collection: Yes
Water: Yes

Tenant Pays

None: Yes

Current Use

Vacant: Yes

Possible Use

Commercial: Yes
Development: Yes
Investment: Yes
Mixed Use: Yes
Office: Yes
Place of Worship: Yes
Retail: Yes
Subdevelopment: Yes

Rail Availability

None: Yes

Showing Considerations

Electricity Not On: Yes
Minimal Interior Lighting: Yes
No Exterior Lighting: Yes
No Heat: Yes

Listing Office: BHHS Executive Realty

Last Updated: January - 06 - 2025

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