601 Lincolnway, Valparaiso, IN 46383
$625,000
Property Type:
Commercial Sale
Square Footage:
4,800
Lot Size (sq. ft.):
10,977
Status:
Closed
Current Price:
$625,000
List Date:
2/15/2024
Last Modified:
6/26/2024
Overview
Description
Listing Details MLS# 545057
General Property Information
- Number Of Units Total
- 4
- Living Area
- 4800
- Building Area Source
- Owner
- Year Built
- 1974
- Parking Total
- 10
- Lot Size Acres
- 0.252
- Lot Size Square Feet
- 10977
- Lot Size Source
- Assessor
- Lot Size Dimensions
- 132X83
- Basement YN
- Yes
- Stories
- 0
Property Features
Building Features:
Concrete Ceiling(s); Exterior Lighting; Private Restrooms; Other
Construction Materials:
Block; Brick
Cooling:
Central Air
Current Use:
Commercial; Office
Electric:
100 Amp Service; 150 Amp Service; 200+ Amp Service
Flooring:
Carpet; Concrete
Foundation Details:
Concrete Perimeter
Heating:
Forced Air
Interior Features:
Elevator
Listing Terms:
Cash; Conventional
Lot Features:
Corner Lot
Parking Features:
Common; Open; Paved; Private
Possession:
Close Of Escrow
Possible Use:
Commercial; Medical/Dental; Office; Retail; Other
Rail Availability:
None
Road Frontage Type:
City Street
Roof:
Fiberglass
Tenant Pays:
Gas
Utilities:
Cable Available; Electricity Connected; Natural Gas Available; Natural Gas Connected
Water Source:
Public
Contract Information
- Auction YN
- No
- Original List Price
- 640000
- Property Sub Type
- Office
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
Location Tax and Legal
- Street Number
- 601
- Street Name
- Lincolnway
- County
- Porter
- State
- IN
- Postal Code
- 46383
- Subdivision Name
- Woodhulls Add
Remarks and Miscellaneous
- Public Remarks
- Nestled in the vibrant heart of Valparaiso, Indiana, this 4-unit commercial building stands as a beacon of opportunity. With a prime location and ample space, this property offers a versatile canvas for entrepreneurial endeavors. Each unit exudes character and functionality, making it ideal for a range of businesses. The building boasts modern amenities, ample parking, and seamless access to bustling city center. Embrace the thriving potential of Valparaiso, a property poised for success. Contact us to explore this lucrative investment opportunity today!
Status Change Information
- Major Change Timestamp
- 2024-06-26T23:14:21Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2024-06-26
- Offer Acceptance Date
- 2024-03-18
- Close Date
- 2024-06-26
- Close Price
- 625000
- Concessions
- No
- Buyer Financing
- Seller Financing
More Information
Building Features
- Number of Offices
- 4
- Concrete Ceiling(s)
- Yes
- Exterior Lighting
- Yes
- Private Restrooms
- Yes
- Other
- Yes
Exemption Information
- Exemption YN
- Y
Frontage Type
- Frontage Length
- 83
Income and Expenses
- Gross Scheduled Income
- 47160
- Insurance Expense
- 3000
- Maintenance Expense
- 1000
- Net Operating Income
- 34489
- New Taxes Expense
- 6271
- Sewer Expense
- 600
- Total Actual Rent
- 47160
- Water Expense
- 1800
- Electric Expense
- 0
- Gross Income
- 0
- Manager Expense
- 0
- Other Expense
- 0
- Professional Management Expense
- 0
- Supplies Expense
- 0
- Trash Expense
- 0
Showing Requirements
- Showing Instructions
- Call Brad Gaff 773-972-4042 to Schedule a showing
Historical Information
- Public Historical Remarks
- Utilities: On, Frontage Access: Public Road, Parking: Public Parking, Roof Structure: Gable, Fire Protect: Fire Extinguishers
Location, Tax, and Legal
- Postal Code +4
- 5409
- Tax Annual Amount
- 6271
- Tax Year
- 2022
- Tax Legal Description
- Legal Description: WOODHULLS ADD LOT 1 & W1/4 LOT 2 BLK 24
- Parcel Number
- 640924415005000004
- Township
- Center
- Directions
- From St Rd 49 Take the IN-2 E exit toward La Porte/Valparaiso (East) At the traffic circle, take the 2nd exit and stay on Laporte Ave At the traffic circle, take the 2nd exit onto Lincolnway Destination on right
Construction Materials
- Block
- Yes
- Brick
- Yes
Cooling
- Central Air
- Yes
Electric
- 100 Amp Service
- Yes
- 150 Amp Service
- Yes
- 200+ Amp Service
- Yes
Flooring
- Carpet
- Yes
- Concrete
- Yes
Foundation Details
- Concrete Perimeter
- Yes
Heating
- Forced Air
- Yes
Interior Features
- Elevator
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Lot Features
- Corner Lot
- Yes
Parking Features
- Common
- Yes
- Open
- Yes
- Paved
- Yes
- Private
- Yes
Possession
- Close Of Escrow
- Yes
Road Frontage Type
- City Street
- Yes
Roof
- Fiberglass
- Yes
Utilities
- Cable Available
- Yes
- Electricity Connected
- Yes
- Natural Gas Available
- Yes
- Natural Gas Connected
- Yes
Water Source
- Public
- Yes
Auction
- Minimum Opening Bid
- 0
- Buyer Premium Amount
- 0
Tenant Pays
- Gas
- Yes
Current Use
- Commercial
- Yes
- Office
- Yes
Possible Use
- Commercial
- Yes
- Medical/Dental
- Yes
- Office
- Yes
- Retail
- Yes
- Other
- Yes
Rail Availability
- None
- Yes
Listing Office:
White Hat Realty Group, LLC
Last Updated: June - 26 - 2024
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