334-350 W 84th Drive, Merrillville, IN 46410

$750,000
Property Type: Commercial Sale Square Footage: 5,760 Lot Size (sq. ft.): 50,573 Status: Closed
Current Price: $750,000 List Date: 1/01/2024 Last Modified: 4/24/2024

Overview

Description

Well maintained office building in an attractive commercial setting. Two suites: the 350 suite is currently leased. Available suite is 3360 square feet with section offices, open area, and conference room. 3-phase electrical is available for those users needing additional power. Good for investor or owner/occupant.

Listing Details MLS# 543380

General Property Information

Number Of Units Total
2
Living Area
5760
Building Area Source
Assessor
Year Built
1998
Parking Total
30
Lot Size Acres
1.161
Lot Size Square Feet
50573
Lot Size Source
Assessor
Lot Size Dimensions
125 x 404.5
Waterfront YN
No
Basement YN
No

Property Features

Building Features: Acoustical Ceiling(s); Business District Location; Lunch Room; Meeting Room; Multi Tenant; Other Construction Materials: Block; Brick Cooling: Central Air Current Use: Office Electric: 100 Amp Service Flooring: Carpet; Concrete; Vinyl Foundation Details: Concrete Perimeter Heating: Ceiling; Hot Water; Natural Gas Interior Features: Elevator Listing Terms: Contract Parking Features: Common Possession: Close Of Escrow Possible Use: Commercial; Medical/Dental; Office Rail Availability: None Road Frontage Type: City Street Roof: Flat; Other Utilities: Cable 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
850400
Property Sub Type
Office
Listing Agreement
Exclusive Right To Sell
Owner Name
Liberty Title
Occupant Type
Tenant

Location Tax and Legal

Street Number
334-350
Street Direction Prefix
W
Street Name
84th
Street Suffix
Drive
County
Lake
State
IN
Postal Code
46410
Subdivision Name
Davis Add

Remarks and Miscellaneous

Public Remarks
Well maintained office building in an attractive commercial setting. Two suites: the 350 suite is currently leased. Available suite is 3360 square feet with section offices, open area, and conference room. 3-phase electrical is available for those users needing additional power. Good for investor or owner/occupant.

Status Change Information

Major Change Timestamp
2024-04-24T18:56:40Z
Major Change Type
Status Change
Status Change Timestamp
2024-04-24
Offer Acceptance Date
2024-02-26
Close Date
2024-04-24
Close Price
750000
Concessions
No
Buyer Financing
Cash

More Information

Exemption Information

Exemption YN
Y

Income and Expenses

Expense Year
2023
Gross Scheduled Income
79700
Insurance Expense
3305
Net Operating Income
51106
New Taxes Expense
13860
Total Actual Rent
79700
Trash Expense
2120
Water Expense
365

Showing Requirements

Showing Instructions
24 Hr. Notice. Agent must Accompany.

Historical Information

Public Historical Remarks
Utilities: On, Fire Protect: Fire Extinguishers
Listing Office: McColly Real Estate
Last Updated: April - 24 - 2024
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2024 Triangle MLS, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.