435 W US Highway 6, Valparaiso, IN 46385

$535,000
Property Type: Commercial Sale Square Footage: 7,648 Lot Size (sq. ft.): 126,629 Status: Closed
Current Price: $535,000 List Date: 11/09/2021 Last Modified: 2/24/2024

Overview

Description

Great opportunity with multiple streams of income from this property right on RT. 6! Offering almost 3 acres, 2 single family homes, used car lot with office, and 2 pole barns (1 at 7,600 sq.ft. and other at 1,600 sq.ft.). Everything is currently rented! When fully occupied whole complex brings in approximately $7,000 per month! Buyer to verify all information.

Listing Details MLS# 503686

General Property Information

Living Area
7648
Building Area Source
Assessor
Year Built
1951
Lot Size Acres
2.907
Lot Size Square Feet
126629
Lot Size Dimensions
215x500
Stories
0

Property Features

Building Features: Exterior Lighting; Industrial Park Location; Other Construction Materials: Block; Steel Siding; Vinyl Siding Cooling: None Current Use: Automotive; Single Family Electric: 100 Amp Service Flooring: Concrete Foundation Details: Block Heating: Electric; Forced Air; Natural Gas Interior Features: Elevator Listing Terms: Cash; Conventional Parking Features: Common; Paved; Unpaved Possession: Subject To Tenant Rights Possible Use: Automotive; Industrial; Other Rail Availability: None Road Frontage Type: State Road Roof: Fiberglass; Metal Security Features: Other Tenant Pays: Gas Utilities: Cable Available; Electricity Available; Natural Gas Available; Natural Gas Connected; Other Water Source: Public Showing Requirements: 24 Hour Notice; Appointment Only

Contract Information

Auction YN
No
Original List Price
624900
Property Sub Type
Industrial
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant

Location Tax and Legal

Street Number
435
Street Direction Prefix
W
Street Name
US Highway 6
County
Porter
State
IN
Postal Code
46385
Subdivision Name
none

Remarks and Miscellaneous

Public Remarks
Great opportunity with multiple streams of income from this property right on RT. 6! Offering almost 3 acres, 2 single family homes, used car lot with office, and 2 pole barns (1 at 7,600 sq.ft. and other at 1,600 sq.ft.). Everything is currently rented! When fully occupied whole complex brings in approximately $7,000 per month! Buyer to verify all information.

Status Change Information

Major Change Timestamp
2022-07-18T11:55:35Z
Major Change Type
Status Change
Status Change Timestamp
2022-07-18
Offer Acceptance Date
2022-04-09
Close Date
2022-07-18
Close Price
535000
Concessions
No
Buyer Financing
Conventional

More Information

Exemption Information

Exemption YN
Y

Income and Expenses

Expense Year
2021
New Taxes Expense
7473
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
Call Ed @ 219-464-9611 for all showings.
24 Hour Notice
Yes
Appointment Only
Yes

Historical Information

Public Historical Remarks
Utilities: On, Roof Structure: Pitched

Location, Tax, and Legal

Postal Code +4
7936
Tax Legal Description
Legal Description: PARC E210 S622 W OF 38A E S19.06 W1/2 SE 19-36-6 2.907A
Parcel Number
640619451014000015
Township
Portage
Directions
Rt 6 near 450W

Construction Materials

Block
Yes
Steel Siding
Yes
Vinyl Siding
Yes

Cooling

None
Yes

Electric

100 Amp Service
Yes

Flooring

Concrete
Yes

Foundation Details

Block
Yes

Heating

Electric
Yes
Forced Air
Yes
Natural Gas
Yes

Interior Features

Elevator
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Parking Features

Common
Yes
Paved
Yes
Unpaved
Yes

Possession

Subject To Tenant Rights
Yes

Road Frontage Type

State Road
Yes

Roof

Fiberglass
Yes
Metal
Yes

Security Features

Other
Yes

Utilities

Cable Available
Yes
Electricity Available
Yes
Natural Gas Available
Yes
Natural Gas Connected
Yes
Other
Yes

Water Source

Public
Yes

Auction

Minimum Opening Bid
0
Buyer Premium Amount
0

Tenant Pays

Gas
Yes

Current Use

Automotive
Yes
Single Family
Yes

Possible Use

Automotive
Yes
Industrial
Yes
Other
Yes

Building Features

Exterior Lighting
Yes
Industrial Park Location
Yes
Other
Yes

Rail Availability

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