6331-6341 Central Avenue, Portage, IN 46368

$715,000
Property Type: Commercial Sale Square Footage: 8,748 Lot Size (sq. ft.): 54,450 Status: Closed
Current Price: $715,000 List Date: 8/14/2019 Last Modified: 2/24/2024

Overview

Description

Excellent 6-unit investment property located across the street from Founders' Square Park. Several established service and retail businesses located here, with a nice variety of offerings. Salon, Accounting Firm, Market, Dance Studio, etc. Brick and stucco exterior and approximately 68 parking spots with great frontage on Central Avenue with a car count of over 8,000 per day and a 5-mile population estimated at 76,000. 48 hours notice - SHOWING BY APPT ONLY - schedule your showing today.

Listing Details MLS# 460661

General Property Information

Living Area
8748
Building Area Source
Assessor
Year Built
1979
Lot Size Acres
1.25
Lot Size Square Feet
54450
Lot Size Dimensions
1.25 Acres
Waterfront YN
No

Property Features

Building Features: Business District Location; Private Restrooms; Strip Mall Location; Other Construction Materials: Block; Stucco Cooling: Central Air Current Use: Office; Retail Electric: Other Flooring: Concrete; Varies Foundation Details: Block; Concrete Perimeter Heating: Forced Air Interior Features: Elevator Listing Terms: Cash; Conventional Parking Features: Paved; Private Possession: Negotiable; Subject To Tenant Rights Possible Use: Medical/Dental; Office; Retail Rail Availability: None Road Frontage Type: City Street Roof: Flat; Other Security Features: Other Tenant Pays: Gas Utilities: Electricity Connected; Natural Gas Available; Natural Gas Connected; Sewer Connected; Water Connected Water Source: Public Showing Requirements: Appointment Only; Listing Agent Must Accompany

Contract Information

Auction YN
No
Original List Price
860000
Property Sub Type
Retail
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant

Location Tax and Legal

Street Number
6331-6341
Street Name
Central
Street Suffix
Avenue
County
Porter
State
IN
Postal Code
46368
Subdivision Name
N/A

Remarks and Miscellaneous

Public Remarks
Excellent 6-unit investment property located across the street from Founders' Square Park. Several established service and retail businesses located here, with a nice variety of offerings. Salon, Accounting Firm, Market, Dance Studio, etc. Brick and stucco exterior and approximately 68 parking spots with great frontage on Central Avenue with a car count of over 8,000 per day and a 5-mile population estimated at 76,000. 48 hours notice - SHOWING BY APPT ONLY - schedule your showing today.

Status Change Information

Major Change Timestamp
2024-02-18T02:37:08Z
Major Change Type
Price Reduced
Price Change Timestamp
2024-02-18T02:37:08Z
Status Change Timestamp
2021-10-13
Offer Acceptance Date
2021-07-09
Close Date
2021-10-13
Close Price
715000
Concessions
No
Buyer Financing
Conventional

More Information

Exemption Information

Exemption YN
Y

Income and Expenses

Expense Year
2018
Gross Scheduled Income
90870
Insurance Expense
4799
Net Operating Income
68332
New Taxes Expense
9256
Sewer Expense
5308
Trash Expense
912
Water Expense
1317

Showing Requirements

Showing Instructions
Use Showing Assist. By appointment only with notice.

Historical Information

Public Historical Remarks
Utilities: On
Listing Office: RE/MAX Lifestyles
Last Updated: February - 24 - 2024
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