6213 Kennedy Avenue, Hammond, IN 46323 (MLS# 803954)

6213 Kennedy Avenue, Hammond, IN 46323

$637,500

Property Type: Commercial Sale Square Footage: 11,250 Lot Size (sq. ft.): 11,979 Status: Closed

Current Price: $637,500 List Date: 5/18/2024 Last Modified: 11/08/2024

Overview

Description

Massive opportunity has arrived with this mixed use building in the Hessville area of Hammond. First time available from a long term owner of 28 years. This building consists of a custom auto shop with 4 hoists and a compressor, a busy local restaurant, church, 3-bedroom apartment and steel warehouse that is home of boat and RV detail. These are all solid, long term tenants delivering stable income. With low annual tax, this building is delivering massive cash flow with over a 12 cap. Details available upon request. 95140---Net Income 9420/ month in gross rents monthly 113040 gross annual income 3900 year insurance 14000 year taxes

Listing Details MLS# 803954

General Property Information

Number Of Units Total: 5
Living Area: 11250
Building Area Source: Public Records
Year Built: 1955
Parking Total: 30
Lot Size Acres: 0.275
Lot Size Square Feet: 11979
Lot Size Source: Public Records
Lot Size Dimensions: 132.1 X 150
Waterfront YN: No
Basement YN: No
Stories: Yes

Property Features

Building Features: Mixed Use Community Features: Curbs; Restaurant; Sidewalks; Street Lights Construction Materials: Brick Cooling: Ceiling Fan(s); Central Air; Gas; Multi Units Current Use: Mixed Use; Retail Electric: Other Exterior Features: None Fencing: None Flooring: None Foundation Details: Concrete Perimeter Heating: Forced Air Laundry Features: None Listing Terms: Cash; Other Lock Box Information: Call Listing Office Lot Features: See Remarks Owner Pays: Insurance; Taxes Parking Features: Additional Parking Possession: Negotiable Rail Availability: None Road Frontage Type: City Street Roof: Asphalt Sewer: Public Sewer Special Listing Conditions: Standard Tenant Pays: All Utilities; Cable TV; Electricity; Gas; Grounds Care; HVAC Maintenance; Repairs; Snow Removal; Trash Collection; Water Utilities: See Remarks Water Source: Public Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Office; Text Listing Agent

Contract Information

Auction YN: No
Original List Price: 749900
Property Sub Type: Mixed Use
Property Attached YN: Yes
Listing Agreement: Exclusive Right To Sell
Common Interest: None
Owner Name: Fohr X Fohr-Vii LLC
Occupant Type: Tenant

Location Tax and Legal

Street Number: 6213
Street Name: Kennedy
Street Suffix: Avenue
County: Lake
State: IN
Postal Code: 46323
Subdivision Name: Turner-Meyn Park

Remarks and Miscellaneous

Public Remarks: Massive opportunity has arrived with this mixed use building in the Hessville area of Hammond. First time available from a long term owner of 28 years. This building consists of a custom auto shop with 4 hoists and a compressor, a busy local restaurant, church, 3-bedroom apartment and steel warehouse that is home of boat and RV detail. These are all solid, long term tenants delivering stable income. With low annual tax, this building is delivering massive cash flow with over a 12 cap. Details available upon request. 95140---Net Income 9420/ month in gross rents monthly 113040 gross annual income 3900 year insurance 14000 year taxes

Status Change Information

Major Change Timestamp: 2024-11-08T18:25:53Z
Major Change Type: Status Change
Price Change Timestamp: 2024-06-29T00:24:24Z
Status Change Timestamp: 2024-11-08
Offer Acceptance Date: 2024-09-15
Close Date: 2024-11-05
Close Price: 637500
Concessions: Yes
Buyer Financing: Conventional

More Information

Exemption Information

Exemption YN: No

Income and Expenses

Gross Income: 96240
Insurance Expense: 4000
New Taxes Expense: 6053

Location, Tax, and Legal

Tax Annual Amount: 6053
Tax Year: 2022
Tax Legal Description: TURNER MEYN PARK L.1 & 2 BL.3 ALL L.3 BL.3
Parcel Number: 45-07-04-403-001.000-023
Additional Parcels YN: No
Zoning Description: Mixed Use
Township: North
Directions: Head North from 169th and Kennedy .8 miles the destination is on the right.
Census Tract: 210

Community Features

Curbs: Yes
Restaurant: Yes
Sidewalks: Yes
Street Lights: Yes

Construction Materials

Brick: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Gas: Yes
Multi Units: Yes

Electric

Other: Yes

Exterior Features

None: Yes

Fencing

None: Yes

Flooring

None: Yes

Foundation Details

Concrete Perimeter: Yes

Heating

Forced Air: Yes

Laundry Features

None: Yes

Listing Terms

Cash: Yes
Other: Yes

Lock Box Information

Call Listing Office: Yes

Lot Features

See Remarks: Yes

Parking Features

Additional Parking: Yes

Possession

Negotiable: Yes

Road Frontage Type

City Street: Yes

Roof

Asphalt: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

Standard: Yes

Utilities

See Remarks: Yes

Water Source

Public: Yes

Owner Pays

Insurance: Yes
Taxes: Yes

Tenant Pays

All Utilities: Yes
Cable TV: Yes
Electricity: Yes
Gas: Yes
Grounds Care: Yes
HVAC Maintenance: Yes
Repairs: Yes
Snow Removal: Yes
Trash Collection: Yes
Water: Yes

Current Use

Mixed Use: Yes
Retail: Yes

Building Features

Mixed Use: Yes

Rail Availability

None: Yes

Showing Requirements

24 Hour Notice: Yes
Appointment Only: Yes
Call Listing Office: Yes
Text Listing Agent: Yes

Listing Office: Listing Leaders Northwest

Last Updated: November - 08 - 2024

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