5050 Industrial Highway, Gary, IN 46406
$825,000
Property Type:
Commercial Sale
Square Footage:
14,980
Lot Size (sq. ft.):
51,096
Status:
Closed
Current Price:
$825,000
List Date:
10/07/2022
Last Modified:
2/24/2024
Overview
Description
Listing Details MLS# 520834
General Property Information
- Living Area
- 14980
- Building Area Source
- Assessor
- Year Built
- 1955
- Lot Size Acres
- 1.173
- Lot Size Square Feet
- 51096
- Lot Size Dimensions
- 100x500
- Stories
- Yes
Property Features
Building Features:
Exposed Under Roof Ceiling(s); Exterior Lighting; Near Airport; Private Restrooms; Other
Construction Materials:
Frame; Steel Siding
Cooling:
Exhaust Fan; Window Unit(s); Zoned
Current Use:
Investment
Flooring:
Concrete; Tile
Foundation Details:
Concrete Perimeter; See Remarks
Frontage Type:
See Remarks
Heating:
Ceiling
Interior Features:
Elevator
Listing Terms:
Cash; Conventional
Parking Features:
Common
Possession:
Subject To Tenant Rights
Possible Use:
Industrial
Rail Availability:
None
Road Frontage Type:
Highway; Interstate
Roof:
Tar/Gravel
Security Features:
Fire Alarm; Fire Hydrant On Site; Security Gate
Tenant Pays:
Exterior Maintenance; Gas; Grounds Care; Hot Water; HVAC Maintenance; Water
Utilities:
Cable Available; Electricity Connected; Natural Gas Available; Natural Gas Connected; Phone Available
Showing Requirements:
Appointment Only; Listing Agent Must Accompany
Contract Information
- Auction YN
- No
- Original List Price
- 899900
- Property Sub Type
- Industrial
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
Location Tax and Legal
- Street Number
- 5050
- Street Name
- Industrial
- Street Suffix
- Highway
- County
- Lake
- State
- IN
- Postal Code
- 46406
- Subdivision Name
- Dorkes Indust Hwy Sub
Remarks and Miscellaneous
- Public Remarks
- Location! Location! Location! Are you looking to move your company and take advantage of Indiana's Taxes!! Maybe you're looking for a great investment opportunity!! In any case look no further than this awesome manufacturing facility with a less than five year old roof. With almost 15,000 sqft, it includes two offices with including a private bath with shower, a storage closet. The rest is wide open manufacturing space, that goes on forever, with private employee bathroom. With a front to back truck drive through that is perfect for loading and unloading. Did I mention the 2 overhead travel cranes? Or that it sits directly across the street from the Gary International Airport!! Sitting directly on a major interstate that can take you to a variety of major Highways and Toll roads! Whether you are looking to bring your company here or can handle the income from a decades long tenant, this investment is for you. Make your appointment today and find out the possibilities.
Status Change Information
- Major Change Timestamp
- 2023-05-26T11:57:09Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2023-05-26
- Offer Acceptance Date
- 2023-04-21
- Close Date
- 2023-05-26
- Close Price
- 825000
- Concessions
- Yes
- Buyer Financing
- Cash
More Information
Building Features
- Clear Ceiling Height
- 30ft
- Cranes
- 2
- Number of Offices
- 2
- Office SqFt
- 700
- Overhead Doors
- 2
- Exposed Under Roof Ceiling(s)
- Yes
- Exterior Lighting
- Yes
- Near Airport
- Yes
- Private Restrooms
- Yes
- Other
- Yes
Exemption Information
- Exemption YN
- N
Frontage Type
- Frontage Length
- 100
- See Remarks
- Yes
Income and Expenses
- Gross Scheduled Income
- 78000
- Insurance Expense
- 10000
- Maintenance Expense
- 1000
- New Taxes Expense
- 7323
- Total Actual Rent
- 78000
- Electric Expense
- 0
- Gross Income
- 0
- Manager Expense
- 0
- Net Operating Income
- 0
- Other Expense
- 0
- Professional Management Expense
- 0
- Sewer Expense
- 0
- Supplies Expense
- 0
- Trash Expense
- 0
- Water Expense
- 0
Showing Requirements
- Showing Instructions
- 48hrs Notice Required. No weekend showings.
- Appointment Only
- Yes
- Listing Agent Must Accompany
- Yes
Historical Information
- Public Historical Remarks
- Zoning: INDUS, Utilities: On, Air Cond/Ventilation: Office Only, Roof Structure: Steel Joist, Fire Protect: Fire Extinguishers
Location, Tax, and Legal
- Tax Legal Description
- Legal Description: DORKES INDUSTRIAL HIGHWAY SUB. W'LY 100 FT. OF S'LY. 500 FT. OF L.30
- Parcel Number
- 450336401004000004
- Zoning Description
- Industrial
- Township
- Calumet
- Directions
- US. 20 west to property.
Construction Materials
- Frame
- Yes
- Steel Siding
- Yes
Cooling
- Exhaust Fan
- Yes
- Window Unit(s)
- Yes
- Zoned
- Yes
Flooring
- Concrete
- Yes
- Tile
- Yes
Foundation Details
- Concrete Perimeter
- Yes
- See Remarks
- Yes
Heating
- Ceiling
- Yes
Interior Features
- Elevator
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Parking Features
- Common
- Yes
Possession
- Subject To Tenant Rights
- Yes
Road Frontage Type
- Highway
- Yes
- Interstate
- Yes
Roof
- Tar/Gravel
- Yes
Security Features
- Fire Alarm
- Yes
- Fire Hydrant On Site
- Yes
- Security Gate
- Yes
Utilities
- Cable Available
- Yes
- Electricity Connected
- Yes
- Natural Gas Available
- Yes
- Natural Gas Connected
- Yes
- Phone Available
- Yes
Auction
- Minimum Opening Bid
- 0
- Buyer Premium Amount
- 0
Tenant Pays
- Exterior Maintenance
- Yes
- Gas
- Yes
- Grounds Care
- Yes
- Hot Water
- Yes
- HVAC Maintenance
- Yes
- Water
- Yes
Current Use
- Investment
- Yes
Possible Use
- Industrial
- Yes
Rail Availability
- None
- Yes
Listing Office:
Lighthouse Realty, LLC
Last Updated: February - 24 - 2024
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