607 E Lincolnway, Valparaiso, IN 46383
$541,000
Property Type:
Commercial Sale
Square Footage:
6,175
Lot Size (sq. ft.):
17,424
Status:
Closed
Current Price:
$541,000
List Date:
9/03/2021
Last Modified:
2/24/2024
Overview
Description
Listing Details MLS# 500123
General Property Information
- Living Area
- 6175
- Building Area Source
- Assessor
- Year Built
- 1900
- Lot Size Acres
- 0.4
- Lot Size Square Feet
- 17424
- Lot Size Dimensions
- 132 x 132
- Waterfront YN
- No
- Stories
- 3
Property Features
Building Features:
Business District Location; Exterior Lighting; Lunch Room; Meeting Room; Multi Tenant; Patio; Plastered Ceiling(s); Private Restrooms; Sheet Rock Ceiling(s); Suspended Ceiling(s); Other
Construction Materials:
Block; Cedar; Frame; Stone; Other
Cooling:
Central Air; Zoned
Current Use:
Commercial; Office
Electric:
Other
Flooring:
Carpet; Wood
Foundation Details:
Block; See Remarks
Heating:
Forced Air; Zoned
Interior Features:
Elevator
Listing Terms:
Cash; Conventional
Lock Box Information:
SentriLock
Parking Features:
Private
Possession:
Negotiable; Subject To Tenant Rights
Possible Use:
Commercial; Mixed Use; Multi-Family; Office; Other
Rail Availability:
None
Road Frontage Type:
City Street; State Road
Roof:
Fiberglass; Flat; Rubber; Other
Security Features:
Fire Escape; Fire Sprinkler System
Tenant Pays:
Gas; Water
Utilities:
Electricity Connected; Natural Gas Available; Natural Gas Connected; Sewer Connected; Water Connected
Water Source:
Public
Showing Requirements:
24 Hour Notice
Contract Information
- Auction YN
- No
- Original List Price
- 599000
- Property Sub Type
- Office
- Property Attached YN
- No
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
Location Tax and Legal
- Street Number
- 607
- Street Direction Prefix
- E
- Street Name
- Lincolnway
- County
- Porter
- State
- IN
- Postal Code
- 46383
- Subdivision Name
- Woodhulls Add
Remarks and Miscellaneous
- Public Remarks
- A truly iconic property located at the corner of Lincolnway and Greenwich Street. Uphill from the bustling downtown and near the Valparaiso University campus. +6,000 square foot Queen Anne/Free Classic home on .4 acres built at turn of the 20th century and occupied by the Benton family until 1959. Much of the oak woodwork is original, cut & milled on-site. Beautiful parlour, fireplace in greeting room and living room. 5-7 office spaces/conf rooms. Double sinks and toilets. Current use includes professional offices main/upper floors, and a Thai restaurant that has operated out of the basement approx 5 years. Restaurant has a separate basement entrance and provides $1,430/month income + much utility coverage. Other amenities include: 25 private paved off-street parking spots and a fire sprinkler system. Zoned RT Residential Transition. Considering size, location, and amenities property offers a wide-range of use options for a prospective buyer. Subj to city approval of buyer use.
Status Change Information
- Major Change Timestamp
- 2022-06-10T11:55:20Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2022-06-10
- Offer Acceptance Date
- 2022-03-24
- Close Date
- 2022-06-10
- Close Price
- 541000
- Concessions
- No
- Buyer Financing
- Conventional
More Information
Exemption Information
- Exemption YN
- Y
Frontage Type
- Frontage Length
- 132
Income and Expenses
- Gross Scheduled Income
- 17208
- Net Operating Income
- 5547
- New Taxes Expense
- 11661
- Electric Expense
- 0
- Gross Income
- 0
- Insurance Expense
- 0
- Maintenance Expense
- 0
- Manager 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
Lock Box Information
- Lock Box Serial Number
- 1506231
- SentriLock
- Yes
Showing Requirements
- Showing Instructions
- Agent must accompany all showings. 48 hr notice required.
- 24 Hour Notice
- Yes
Historical Information
- Public Historical Remarks
- Utilities: On, Roof Structure: Gable,HIP
Location, Tax, and Legal
- Postal Code +4
- 5727
- Tax Legal Description
- Legal Description: WOODHULLS ADD LOTS 3 & 4 BLK 24
- Parcel Number
- 640924415007000004
- Township
- Center
- Directions
- From Morgan and Lincolnway, go east on Lincolnway to subject property on left-hand side at top of hill.
- Cross Street
- Greenwich
Construction Materials
- Block
- Yes
- Cedar
- Yes
- Frame
- Yes
- Stone
- Yes
- Other
- Yes
Cooling
- Central Air
- Yes
- Zoned
- Yes
Electric
- Other
- Yes
Flooring
- Carpet
- Yes
- Wood
- Yes
Foundation Details
- Block
- Yes
- See Remarks
- Yes
Heating
- Forced Air
- Yes
- Zoned
- Yes
Interior Features
- Elevator
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Parking Features
- Private
- Yes
Possession
- Negotiable
- Yes
- Subject To Tenant Rights
- Yes
Road Frontage Type
- City Street
- Yes
- State Road
- Yes
Roof
- Fiberglass
- Yes
- Flat
- Yes
- Rubber
- Yes
- Other
- Yes
Security Features
- Fire Escape
- Yes
- Fire Sprinkler System
- Yes
Utilities
- Electricity Connected
- Yes
- Natural Gas Available
- Yes
- Natural Gas Connected
- Yes
- Sewer Connected
- Yes
- Water Connected
- Yes
Water Source
- Public
- Yes
Auction
- Minimum Opening Bid
- 0
- Buyer Premium Amount
- 0
Tenant Pays
- Gas
- Yes
- Water
- Yes
Current Use
- Commercial
- Yes
- Office
- Yes
Possible Use
- Commercial
- Yes
- Mixed Use
- Yes
- Multi-Family
- Yes
- Office
- Yes
- Other
- Yes
Building Features
- Business District Location
- Yes
- Exterior Lighting
- Yes
- Lunch Room
- Yes
- Meeting Room
- Yes
- Multi Tenant
- Yes
- Patio
- Yes
- Plastered Ceiling(s)
- Yes
- Private Restrooms
- Yes
- Sheet Rock Ceiling(s)
- Yes
- Suspended Ceiling(s)
- Yes
- Other
- Yes
Rail Availability
- None
- Yes
Listing Office:
RE/MAX Lifestyles
Last Updated: February - 24 - 2024
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