4027 W Ridge Road, Gary, IN 46408

$725,000
Property Type: Commercial Sale Square Footage: 9,600 Lot Size (sq. ft.): 38,280 Status: Closed
Current Price: $725,000 List Date: 7/20/2022 Last Modified: 2/24/2024

Overview

Description

GREAT LOCATION! BUILDING SITS ON THE CORNER OF RIDGE ROAD AND WRIGHT CIRCLE. NEWLY BUILT 2018, 80X120 (9600 Sq ft Building. 2 OVERHEAD DOORS, 16 WIDE BY 18 HIGH. 24 fT Ceilings, MUNICIPAL WATER & SEWER. THREE PHASE-800 AMP SERVICE INSTALLED. CRANE FOOTERS INSTALLED FOR UP TO 10 TON CRANE. COMPRESSOR STAYS! SIX INCH CONCRETE FLOOR WITH FLOOR DRAIN. EASY ACCESS TO EXPRESSWAY!

Listing Details MLS# 516650

General Property Information

Living Area
9600
Building Area Source
Assessor
Year Built
2018
Lot Size Acres
0.8788
Lot Size Square Feet
38280
Lot Size Dimensions
165X232
Stories
Yes

Property Features

Building Features: Exterior Lighting; Private Restrooms; Other Construction Materials: Steel Siding Cooling: None Electric: 200+ Amp Service; 440 Volts Flooring: Concrete Foundation Details: See Remarks Heating: Ceiling; Forced Air; Natural Gas Interior Features: Elevator Listing Terms: Cash; Conventional; Owner Assisted Parking Features: Paved Possession: Close Of Escrow Possible Use: Industrial; Other Rail Availability: None Road Frontage Type: State Road Roof: Metal Security Features: Fire Hydrant On Site Tenant Pays: None Utilities: Electricity Available; Electricity Connected; Natural Gas Available; Natural Gas Connected; Sewer Connected; Water Connected Water Source: Public Showing Requirements: 24 Hour Notice

Contract Information

Auction YN
No
Original List Price
725000
Property Sub Type
Industrial
Property Attached YN
No
Listing Agreement
Exclusive Right To Sell
Occupant Type
Owner

Location Tax and Legal

Street Number
4027
Street Direction Prefix
W
Street Name
Ridge
Street Suffix
Road
County
Lake
State
IN
Postal Code
46408
Subdivision Name
none

Remarks and Miscellaneous

Public Remarks
GREAT LOCATION! BUILDING SITS ON THE CORNER OF RIDGE ROAD AND WRIGHT CIRCLE. NEWLY BUILT 2018, 80X120 (9600 Sq ft Building. 2 OVERHEAD DOORS, 16 WIDE BY 18 HIGH. 24 fT Ceilings, MUNICIPAL WATER & SEWER. THREE PHASE-800 AMP SERVICE INSTALLED. CRANE FOOTERS INSTALLED FOR UP TO 10 TON CRANE. COMPRESSOR STAYS! SIX INCH CONCRETE FLOOR WITH FLOOR DRAIN. EASY ACCESS TO EXPRESSWAY!

Status Change Information

Major Change Timestamp
2022-10-31T11:56:48Z
Major Change Type
Status Change
Status Change Timestamp
2022-10-31
Offer Acceptance Date
2022-09-21
Close Date
2022-10-31
Close Price
725000
Concessions
No
Buyer Financing
Seller Financing

More Information

Building Features

Building Dimensions
80X120
Clear Ceiling Height
24 FT
Overhead Doors
2
Exterior Lighting
Yes
Private Restrooms
Yes
Other
Yes

Exemption Information

Exemption YN
N

Frontage Type

Frontage Length
165

Income and Expenses

Expense Year
2021
Insurance Expense
1000
New Taxes Expense
15556
Sewer Expense
300
Water Expense
200
Electric Expense
0
Gross Income
0
Gross Scheduled Income
0
Maintenance Expense
0
Manager Expense
0
Net Operating Income
0
Other Expense
0
Professional Management Expense
0
Supplies Expense
0
Total Actual Rent
0
Trash Expense
0

Showing Requirements

Showing Instructions
Call listing agent for all showings
24 Hour Notice
Yes

Historical Information

Public Historical Remarks
Zoning: COMM, Utilities: On, Roof Structure: Truss, Fire Protect: Fire Extinguishers

Location, Tax, and Legal

Tax Legal Description
Legal Description: See attached for legal descriptions.
Parcel Number
450830176004000001
Zoning Description
Commercial
Township
Calumet
Directions
Building sits on the corner of Ridge Road & Wright Circle.

Construction Materials

Steel Siding
Yes

Cooling

None
Yes

Electric

200+ Amp Service
Yes
440 Volts
Yes

Flooring

Concrete
Yes

Foundation Details

See Remarks
Yes

Heating

Ceiling
Yes
Forced Air
Yes
Natural Gas
Yes

Interior Features

Elevator
Yes

Listing Terms

Cash
Yes
Conventional
Yes
Owner Assisted
Yes

Parking Features

Paved
Yes

Possession

Close Of Escrow
Yes

Road Frontage Type

State Road
Yes

Roof

Metal
Yes

Security Features

Fire Hydrant On Site
Yes

Utilities

Electricity Available
Yes
Electricity Connected
Yes
Natural Gas Available
Yes
Natural Gas Connected
Yes
Sewer Connected
Yes
Water Connected
Yes

Water Source

Public
Yes

Auction

Minimum Opening Bid
0
Buyer Premium Amount
0

Tenant Pays

None
Yes

Possible Use

Industrial
Yes
Other
Yes

Rail Availability

None
Yes
Listing Office: Realty Executives Premier
Last Updated: February - 24 - 2024
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