410 Pine Lake Avenue, La Porte, IN 46350 (MLS# 530402)

410 Pine Lake Avenue, La Porte, IN 46350

$375,000

Property Type: Commercial Sale Square Footage: 8,000 Lot Size (sq. ft.): 20,647 Status: Closed

Current Price: $375,000 List Date: 5/15/2023 Last Modified: 2/24/2024

Overview

Description

First time on the market, this fantastic building on busy Pine Lake Avenue has so much to offer and the possibilities are endless! The upstairs features 6 (possibly more) large offices, copy room, conference room, executive office with full bathroom, a common area and plenty of closets. The south side of the building has an apartment with kitchen, living room, bedroom, 1.5 bathrooms and laundry hook up. This space is currently being used as part of the office but could easily be converted back. The owner has been using the upstairs for their personal business. This would make a great flex space for more monthly income. Property sits on a pond and has several more parking spaces behind the building. The lower level has a strong rental history and is currently rented to a liquor store. Overlooking a wildlife area near the lakes, make this property unique!

Listing Details MLS# 530402

General Property Information

Living Area: 8000
Building Area Source: Assessor
Year Built: 2001
Lot Size Acres: 0.474
Lot Size Square Feet: 20647
Lot Size Dimensions: 149x164
Stories: 0

Property Features

Building Features: Exterior Lighting; Lunch Room; Meeting Room; Mixed Use; Private Restrooms; Sheet Rock Ceiling(s); Shower/Locker Room Construction Materials: Other Cooling: Central Air Current Use: Mixed Use; Office Electric: Other Flooring: Carpet; Tile Foundation Details: See Remarks Heating: Forced Air Interior Features: Elevator Listing Terms: Cash; Conventional Parking Features: Common; Lighted; Paved; Private Possession: Negotiable Possible Use: Mixed Use; Retail Rail Availability: None Road Frontage Type: Highway; State Road Roof: Wood; Other Security Features: Fire Escape Tenant Pays: Gas; Water Utilities: Cable Available; Electricity Connected; Natural Gas Available; Natural Gas Connected; Sewer Connected; Water Connected Water Source: Public Showing Requirements: 24 Hour Notice

Contract Information

Original List Price: 699000
Property Sub Type: Retail
Listing Agreement: Exclusive Right To Sell
Occupant Type: Tenant

Location Tax and Legal

Street Number: 410
Street Name: Pine Lake
Street Suffix: Avenue
County: La Porte
State: IN
Postal Code: 46350
Subdivision Name: Halls Add

Remarks and Miscellaneous

Public Remarks: First time on the market, this fantastic building on busy Pine Lake Avenue has so much to offer and the possibilities are endless! The upstairs features 6 (possibly more) large offices, copy room, conference room, executive office with full bathroom, a common area and plenty of closets. The south side of the building has an apartment with kitchen, living room, bedroom, 1.5 bathrooms and laundry hook up. This space is currently being used as part of the office but could easily be converted back. The owner has been using the upstairs for their personal business. This would make a great flex space for more monthly income. Property sits on a pond and has several more parking spaces behind the building. The lower level has a strong rental history and is currently rented to a liquor store. Overlooking a wildlife area near the lakes, make this property unique!

Status Change Information

Major Change Timestamp: 2023-09-15T12:35:06Z
Major Change Type: Status Change
Status Change Timestamp: 2023-09-15
Offer Acceptance Date: 2023-06-20
Close Date: 2023-09-15
Close Price: 375000
Concessions: No
Buyer Financing: Cash

More Information

Exemption Information

Exemption YN: Y

Frontage Type

Frontage Length: 149

Income and Expenses

Expense Year: 2022
New Taxes Expense: 16502
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: Use showing assist or call listing agent
24 Hour Notice: Yes

Historical Information

Public Historical Remarks: Utilities: On, Fire Protect: Fire Extinguishers

Location, Tax, and Legal

Postal Code +4: 2304
Tax Legal Description: Legal Description: 05-06-35-101-002 NW COR NW 1/4 S35 T37 R3 .474 AC
Parcel Number: 460635101002000043
Township: Center
Directions: Hwy 35 turns into Pine Lake Ave. Building is on the west side of the road.

Construction Materials

Other: Yes

Cooling

Central Air: Yes

Electric

Other: Yes

Flooring

Carpet: Yes
Tile: Yes

Foundation Details

See Remarks: Yes

Heating

Forced Air: Yes

Interior Features

Elevator: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Parking Features

Common: Yes
Lighted: Yes
Paved: Yes
Private: Yes

Possession

Negotiable: Yes

Road Frontage Type

Highway: Yes
State Road: Yes

Roof

Wood: Yes
Other: Yes

Security Features

Fire Escape: Yes

Utilities

Cable 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

Gas: Yes
Water: Yes

Current Use

Mixed Use: Yes
Office: Yes

Possible Use

Mixed Use: Yes
Retail: Yes

Building Features

Exterior Lighting: Yes
Lunch Room: Yes
Meeting Room: Yes
Mixed Use: Yes
Private Restrooms: Yes
Sheet Rock Ceiling(s): Yes
Shower/Locker Room: Yes

Rail Availability

None: Yes

Listing Office: McColly Real Estate

Last Updated: February - 24 - 2024

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