6220 Broadway, Merrillville, IN 46410

$650,000
Property Type: Commercial Sale Square Footage: 12,000 Lot Size (sq. ft.): 268,330 Status: Closed
Current Price: $650,000 List Date: 3/29/2021 Last Modified: 2/24/2024

Overview

Description

Confidential Offering, do not approach employees. BANQUET HALL IN EXCELLENT CONDITION! Owner to Retire. This fine turnkey facility is 12,000 sf with Grand Foyer and Chandelier's The beautiful Banquet room has a seating capacity of 350 to 400 people, Multiple Chandeliers & Stage total room size is 5,200 sf. Full Kitchen completely operational w walk in cooler and freezer. Custom Bar seats 20, large 26 x 23 meeting room for smaller events and two offices. Liquor License for Banquets. Real estate and asset sale. This is a grand opportunity for your new business! Business Name & Phone Number and are not included in the sale. All contents are negotiable.

Listing Details MLS# 490260

General Property Information

Living Area
12000
Building Area Source
Assessor
Year Built
1973
Lot Size Acres
6.16
Lot Size Square Feet
268330
Lot Size Dimensions
Per Survey
Stories
Yes

Property Features

Building Features: Acoustical Ceiling(s); Business District Location; Exterior Lighting; Meeting Room; Public Restrooms Construction Materials: Block; Brick; Concrete Cooling: Central Air; Zoned Current Use: Commercial Electric: 200+ Amp Service Flooring: Carpet; Concrete; Tile; Varies Foundation Details: Concrete Perimeter Heating: Ceiling; Central; Forced Air; Natural Gas; Zoned Interior Features: Elevator Listing Terms: Conventional Parking Features: Lighted; Open; Paved Possession: Negotiable Possible Use: Commercial; Industrial; Medical/Dental; Mixed Use; Office; Place of Worship; Recreational; Retail; Other Rail Availability: None Road Frontage Type: City Street Roof: Fiberglass; Flat; Mixed Security Features: Fire Alarm; Security Lights Tenant Pays: Exterior Maintenance; Gas; Hot Water; HVAC Maintenance; Water Utilities: Electricity Available; Electricity Connected; Natural Gas Available; Natural Gas Connected; Sewer Connected; Water Connected Water Source: Public Showing Requirements: 24 Hour Notice; Listing Agent Must Accompany

Contract Information

Auction YN
No
Original List Price
775000
Property Sub Type
Retail
Property Attached YN
No
Listing Agreement
Exclusive Right To Sell
Occupant Type
Owner

Location Tax and Legal

Street Number
6220
Street Name
Broadway
County
Lake
State
IN
Postal Code
46410
Subdivision Name
Broadway

Remarks and Miscellaneous

Public Remarks
Confidential Offering, do not approach employees. BANQUET HALL IN EXCELLENT CONDITION! Owner to Retire. This fine turnkey facility is 12,000 sf with Grand Foyer and Chandelier's The beautiful Banquet room has a seating capacity of 350 to 400 people, Multiple Chandeliers & Stage total room size is 5,200 sf. Full Kitchen completely operational w walk in cooler and freezer. Custom Bar seats 20, large 26 x 23 meeting room for smaller events and two offices. Liquor License for Banquets. Real estate and asset sale. This is a grand opportunity for your new business! Business Name & Phone Number and are not included in the sale. All contents are negotiable.

Status Change Information

Major Change Timestamp
2021-06-21T11:54:28Z
Major Change Type
Status Change
Status Change Timestamp
2021-06-21
Offer Acceptance Date
2021-03-29
Close Date
2021-06-21
Close Price
650000
Concessions
No
Buyer Financing
Conventional

More Information

Building Features

Building Dimensions
62x27x2x26x7x65x104x19x27x15x13x15x9x21x76
Clear Ceiling Height
12
Number of Offices
2
Acoustical Ceiling(s)
Yes
Business District Location
Yes
Exterior Lighting
Yes
Meeting Room
Yes
Public Restrooms
Yes

Exemption Information

Exemption YN
Y

Frontage Type

Frontage Length
40

Income and Expenses

Expense Year
2018
New Taxes Expense
8960
Electric Expense
0
Gross Income
0
Gross Scheduled Income
0
Insurance Expense
0
Maintenance Expense
0
Manager Expense
0
Net Operating Income
0
Other Expense
0
Professional Management Expense
0
Sewer Expense
0
Supplies Expense
0
Total Actual Rent
0
Trash Expense
0
Water Expense
0

Showing Requirements

Showing Instructions
NONE Call List Agent Direct, Call Ken 708-764-2890
24 Hour Notice
Yes
Listing Agent Must Accompany
Yes

Historical Information

Public Historical Remarks
Utilities: On, Parking: Public Parking, Roof Structure: Gable

Location, Tax, and Legal

Postal Code +4
3004
Tax Legal Description
Legal Description: PT. SW NE NE S.9 T.35 R.8 SUBJEC TO EASE. 6.162
Parcel Number
451209226004000030
Township
Ross
Directions
I-65 to 61st Street West to Broadway South to address. Or US RT 30 to Broadway North to Address
Cross Street
61st

Construction Materials

Block
Yes
Brick
Yes
Concrete
Yes

Cooling

Central Air
Yes
Zoned
Yes

Electric

200+ Amp Service
Yes

Flooring

Carpet
Yes
Concrete
Yes
Tile
Yes
Varies
Yes

Foundation Details

Concrete Perimeter
Yes

Heating

Ceiling
Yes
Central
Yes
Forced Air
Yes
Natural Gas
Yes
Zoned
Yes

Interior Features

Elevator
Yes

Listing Terms

Conventional
Yes

Parking Features

Lighted
Yes
Open
Yes
Paved
Yes

Possession

Negotiable
Yes

Road Frontage Type

City Street
Yes

Roof

Fiberglass
Yes
Flat
Yes
Mixed
Yes

Security Features

Fire Alarm
Yes
Security Lights
Yes

Utilities

Electricity Available
Yes
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

Exterior Maintenance
Yes
Gas
Yes
Hot Water
Yes
HVAC Maintenance
Yes
Water
Yes

Current Use

Commercial
Yes

Possible Use

Commercial
Yes
Industrial
Yes
Medical/Dental
Yes
Mixed Use
Yes
Office
Yes
Place of Worship
Yes
Recreational
Yes
Retail
Yes
Other
Yes

Rail Availability

None
Yes
Listing Office: Coldwell Banker Realty
Last Updated: February - 24 - 2024
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