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
- Waterfront YN
- No
- 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
Exemption Information
- Exemption YN
- N
Frontage Type
- Frontage Length
- 100
Income and Expenses
- Gross Scheduled Income
- 78000
- Insurance Expense
- 10000
- Maintenance Expense
- 1000
- New Taxes Expense
- 7323
- Total Actual Rent
- 78000
Showing Requirements
- Showing Instructions
- 48hrs Notice Required. No weekend showings.
Historical Information
- Public Historical Remarks
- Zoning: INDUS, Utilities: On, Air Cond/Ventilation: Office Only, Roof Structure: Steel Joist, Fire Protect: Fire Extinguishers
Listing Office:
Lighthouse Realty, LLC
Last Updated: February - 24 - 2024
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2024 Triangle MLS, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.