625 E US Highway 20, Michigan City, IN 46360
$525,000
Property Type:
Commercial Sale
Square Footage:
19,000
Lot Size (sq. ft.):
337,154
Status:
Closed
Current Price:
$525,000
List Date:
12/28/2021
Last Modified:
2/24/2024
Overview
Description
Listing Details MLS# 505705
General Property Information
- Living Area
- 19000
- Building Area Source
- Assessor
- Year Built
- 1964
- Lot Size Acres
- 7.74
- Lot Size Square Feet
- 337154
- Lot Size Dimensions
- 7.74 acres
- Stories
- 0
Property Features
Building Features:
Acoustical Ceiling(s); Business District Location; Exposed Under Roof Ceiling(s); Exterior Lighting; Lunch Room; Private Restrooms; Suspended Ceiling(s)
Construction Materials:
Aluminum Siding; Block; Brick; Concrete; Other
Cooling:
Exhaust Fan
Current Use:
Automotive; Commercial; Warehouse
Electric:
100 Amp Service; 150 Amp Service; 200+ Amp Service; Circuit Breakers
Flooring:
Concrete; Other
Foundation Details:
Block; Brick/Mortar; Concrete Perimeter
Heating:
Forced Air; Natural Gas
Interior Features:
Elevator
Listing Terms:
Cash; Conventional
Lot Features:
Near Public Transit
Parking Features:
Common; Lighted; Oversized; Paved; Private; Unpaved
Possession:
Close Of Escrow
Possible Use:
Automotive; Commercial; Mixed Use; Recreational; Retail; Warehouse
Rail Availability:
None
Road Frontage Type:
Highway
Roof:
Composition; Flat; Metal; Other
Security Features:
Security Lights
Sewer:
Private Sewer
Tenant Pays:
Gas; Water
Utilities:
Electricity Available; Electricity Connected; Natural Gas Available; Natural Gas Connected; Phone Available; Water Connected
Water Source:
Public
Showing Requirements:
Appointment Only; Listing Agent Must Accompany
Contract Information
- Auction YN
- No
- Original List Price
- 659000
- Property Sub Type
- Retail
- Property Attached YN
- No
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
Location Tax and Legal
- Street Number
- 625
- Street Direction Prefix
- E
- Street Name
- US Highway 20
- County
- La Porte
- State
- IN
- Postal Code
- 46360
- Subdivision Name
- none
Remarks and Miscellaneous
- Public Remarks
- 570'+ frontage on heavily traveled US Highway 20 in Michigan City on 7.74 acres. There are 2 buildings on site, both are leased. Location would be perfect for automotive or related services, marine business, lawn and garden and many more possibilities. The main building has a showroom/retail area, 5 offices, and service area with 6 bays attached. The other building is currently used as a body shop. Site is near I94 and Indiana Toll Road.
Status Change Information
- Major Change Timestamp
- 2022-04-22T11:55:47Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2022-04-22
- Offer Acceptance Date
- 2022-02-10
- Close Date
- 2022-04-22
- Close Price
- 525000
- Concessions
- No
- Buyer Financing
- Cash
More Information
Building Features
- Clear Ceiling Height
- 12-14'
- Industrial Park Name
- n/a
- Acoustical Ceiling(s)
- Yes
- Business District Location
- Yes
- Exposed Under Roof Ceiling(s)
- Yes
- Exterior Lighting
- Yes
- Lunch Room
- Yes
- Private Restrooms
- Yes
- Suspended Ceiling(s)
- Yes
Exemption Information
- Exemption YN
- Y
Frontage Type
- Frontage Length
- 571'
Income and Expenses
- Expense Year
- 2020
- Gross Scheduled Income
- 54000
- Net Operating Income
- 42618
- New Taxes Expense
- 11382
- Total Actual Rent
- 54000
- 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
- Trash Expense
- 0
- Water Expense
- 0
Showing Requirements
- Showing Instructions
- Please use showing assist
- Appointment Only
- Yes
- Listing Agent Must Accompany
- Yes
Historical Information
- Public Historical Remarks
- Utilities: On, Air Cond/Ventilation: Partial, Parking: Fee Parking, Roof Structure: Pitched, Fire Protect: Fire Extinguishers, Overhead Doors:
Location, Tax, and Legal
- Postal Code +4
- 7419
- Tax Legal Description
- Legal Description: 13-05-04-452-036 IN W 1/2 SE 1/4 SELY OF HWY 20 S4 T37 R4 7.74 AC
- Parcel Number
- 460504452036000009
- Township
- Coolspring
- Directions
- Hwy 20, east of Hwy. 421 and just east of Cleveland Ave.
Construction Materials
- Aluminum Siding
- Yes
- Block
- Yes
- Brick
- Yes
- Concrete
- Yes
- Other
- Yes
Cooling
- Exhaust Fan
- Yes
Electric
- 100 Amp Service
- Yes
- 150 Amp Service
- Yes
- 200+ Amp Service
- Yes
- Circuit Breakers
- Yes
Flooring
- Concrete
- Yes
- Other
- Yes
Foundation Details
- Block
- Yes
- Brick/Mortar
- Yes
- Concrete Perimeter
- Yes
Heating
- Forced Air
- Yes
- Natural Gas
- Yes
Interior Features
- Elevator
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Lot Features
- Near Public Transit
- Yes
Parking Features
- Common
- Yes
- Lighted
- Yes
- Oversized
- Yes
- Paved
- Yes
- Private
- Yes
- Unpaved
- Yes
Possession
- Close Of Escrow
- Yes
Road Frontage Type
- Highway
- Yes
Roof
- Composition
- Yes
- Flat
- Yes
- Metal
- Yes
- Other
- Yes
Security Features
- Security Lights
- Yes
Sewer
- Private Sewer
- Yes
Utilities
- Electricity Available
- Yes
- Electricity Connected
- Yes
- Natural Gas Available
- Yes
- Natural Gas Connected
- Yes
- Phone Available
- 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
- Automotive
- Yes
- Commercial
- Yes
- Warehouse
- Yes
Possible Use
- Automotive
- Yes
- Commercial
- Yes
- Mixed Use
- Yes
- Recreational
- Yes
- Retail
- Yes
- Warehouse
- Yes
Rail Availability
- None
- Yes
Listing Office:
McColly Real Estate
Last Updated: February - 24 - 2024
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