4501-4503 Airport Drive, Valparaiso, IN 46383
$1,850,000
Property Type:
Commercial Sale
Square Footage:
19,812
Lot Size (sq. ft.):
70,567
Status:
Closed
Current Price:
$1,850,000
List Date:
2/19/2020
Last Modified:
2/24/2024
Overview
Description
Listing Details MLS# 470145
General Property Information
- Living Area
- 19812
- Building Area Source
- Owner
- Accessibility Features YN
- Yes
- Year Built
- 2018
- Lot Size Acres
- 1.62
- Lot Size Square Feet
- 70567
- Lot Size Dimensions
- 1.62A
- Stories
- 0
Property Features
Building Features:
Commercial Park Location; Exposed Under Roof Ceiling(s); Exterior Lighting; Industrial Park Location; Private Restrooms; Satellite Dish
Construction Materials:
Block; Brick; Concrete; Steel Siding
Cooling:
Central Air
Current Use:
Commercial; Investment; Mixed Use; Recreational; Warehouse
Electric:
200+ Amp Service
Flooring:
Carpet; Concrete
Foundation Details:
Concrete Perimeter
Heating:
Ceiling; Natural Gas
Interior Features:
Elevator
Listing Terms:
Cash; Conventional
Parking Features:
Paved; Private
Possession:
Negotiable
Possible Use:
Commercial; Industrial; Mini-Storage; Mixed Use; Office; Recreational; Warehouse
Rail Availability:
None
Road Frontage Type:
County Road
Roof:
Metal
Security Features:
Security Lights
Utilities:
Electricity Connected; Natural Gas Available; Natural Gas Connected; Sewer Connected
Water Source:
Public
Showing Requirements:
Appointment Only
Contract Information
- Auction YN
- No
- Original List Price
- 1950000
- Property Sub Type
- Retail
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Owner
Location Tax and Legal
- Street Number
- 4501-4503
- Street Name
- Airport
- Street Suffix
- Drive
- County
- Porter
- State
- IN
- Postal Code
- 46383
- Subdivision Name
- Airport-Business & Industrial Park
Remarks and Miscellaneous
- Public Remarks
- 7.6 Percent CAP RATE. Excellent investment. BRAND NEW BUILDING already 100% OCCUPIED Flex space off U.S. Highway 30 and next to the Porter County Regional Airport. Approximately 20,000 square feet, consisting of 11 tenants with the majority leased through 2023 and 2024. All leases are NNN. Current annual revenue is $149,000. Large parking lot that can accommodate large truck deliveries. This building is clean and well constructed, A MUST SEE.
Status Change Information
- Major Change Timestamp
- 2021-12-22T12:52:42Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2021-12-22
- Offer Acceptance Date
- 2021-10-26
- Close Date
- 2021-12-22
- Close Price
- 1850000
- Concessions
- No
- Buyer Financing
- Other
More Information
Building Features
- Clear Ceiling Height
- 16'
- Industrial Park Name
- Airport-Business & Indust
- Office SqFt
- 3500
- Overhead Doors
- 10
- Commercial Park Location
- Yes
- Exposed Under Roof Ceiling(s)
- Yes
- Exterior Lighting
- Yes
- Industrial Park Location
- Yes
- Private Restrooms
- Yes
- Satellite Dish
- Yes
Exemption Information
- Exemption YN
- Y
Showing Requirements
- Showing Instructions
- 48 hour notice required. Please use showing assist.
- Appointment Only
- Yes
Historical Information
- Public Historical Remarks
- Zoning: INDUS, Utilities: On, Bldg. Exterior: Alum/Vinyl Wndw Trim, Roof Structure: Gable, Utilities: Storm Sewer Avail., Fire Protect: Fire Extinguishers
Location, Tax, and Legal
- Postal Code +4
- 0070
- Tax Legal Description
- Legal Description: Airport Industrial Park East Lot 5 1.62A
- Parcel Number
- 641033101004000029
- Zoning Description
- Industrial
- Township
- Washington
- Directions
- U.S. 30 to 325 East, North to Airport Drive. Property at end of drive.
- Cross Street
- Murvihill Road
Construction Materials
- Block
- Yes
- Brick
- Yes
- Concrete
- Yes
- Steel Siding
- Yes
Cooling
- Central Air
- Yes
Electric
- 200+ Amp Service
- Yes
Flooring
- Carpet
- Yes
- Concrete
- Yes
Foundation Details
- Concrete Perimeter
- Yes
Heating
- Ceiling
- Yes
- Natural Gas
- Yes
Interior Features
- Elevator
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Parking Features
- Paved
- Yes
- Private
- Yes
Possession
- Negotiable
- Yes
Road Frontage Type
- County Road
- Yes
Roof
- Metal
- Yes
Security Features
- Security Lights
- Yes
Utilities
- Electricity Connected
- Yes
- Natural Gas Available
- Yes
- Natural Gas Connected
- Yes
- Sewer Connected
- Yes
Water Source
- Public
- Yes
Auction
- Minimum Opening Bid
- 0
- Buyer Premium Amount
- 0
Income and Expenses
- Electric Expense
- 0
- Gross Income
- 0
- Gross Scheduled Income
- 0
- Insurance Expense
- 0
- Maintenance Expense
- 0
- Manager Expense
- 0
- Net Operating Income
- 0
- New Taxes Expense
- 0
- Other Expense
- 0
- Professional Management Expense
- 0
- Sewer Expense
- 0
- Supplies Expense
- 0
- Total Actual Rent
- 0
- Trash Expense
- 0
- Water Expense
- 0
Current Use
- Commercial
- Yes
- Investment
- Yes
- Mixed Use
- Yes
- Recreational
- Yes
- Warehouse
- Yes
Possible Use
- Commercial
- Yes
- Industrial
- Yes
- Mini-Storage
- Yes
- Mixed Use
- Yes
- Office
- Yes
- Recreational
- Yes
- Warehouse
- Yes
Rail Availability
- None
- Yes
Listing Office:
Century 21 Alliance Group
Last Updated: February - 24 - 2024
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