6500 US Highway 6, Portage, IN 46368

$1,300,000
Property Type: Commercial Sale Square Footage: 10,950 Lot Size (sq. ft.): 78,626 Status: Closed
Current Price: $1,300,000 List Date: 2/28/2023 Last Modified: 2/24/2024

Overview

Description

Great location, long term tenants.

Listing Details MLS# 526646

General Property Information

Living Area
10950
Building Area Source
Assessor
Accessibility Features YN
Yes
Year Built
1990
Lot Size Acres
1.805
Lot Size Square Feet
78626
Lot Size Dimensions
78626
Waterfront YN
No

Property Features

Building Features: Exterior Lighting; Multi Tenant; Private Restrooms; Public Restrooms; Strip Mall Location; Suspended Ceiling(s) Construction Materials: Brick; Glass; Steel Siding Cooling: Central Air Current Use: Commercial; Mixed Use; Office; Retail Electric: Circuit Breakers; Separate Meters Flooring: Carpet; Concrete; Tile; Vinyl Foundation Details: Concrete Perimeter Heating: Ceiling; Forced Air; Natural Gas Interior Features: Elevator Listing Terms: Cash; Conventional Parking Features: Common; Lighted; Paved Possession: Close Of Escrow Possible Use: Commercial; Medical/Dental; Mixed Use; Office; Retail Rail Availability: None Road Frontage Type: City Street; Highway Roof: Aluminum; Composition Security Features: Fire Sprinkler System; Security Lights; Smoke Detector(s) Tenant Pays: Gas Utilities: Cable Available; Electricity Available; Electricity Connected; Natural Gas Available; Natural Gas Connected; Sewer Connected Water Source: Public Showing Requirements: 24 Hour Notice

Contract Information

Original List Price
1500000
Property Sub Type
Retail
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant

Location Tax and Legal

Street Number
6500
Street Name
US Highway 6
County
Porter
State
IN
Postal Code
46368
Subdivision Name
none

Remarks and Miscellaneous

Public Remarks
Great location, long term tenants.

Status Change Information

Major Change Timestamp
2023-04-14T12:34:44Z
Major Change Type
Status Change
Status Change Timestamp
2023-04-14
Offer Acceptance Date
2023-02-28
Close Date
2023-04-14
Close Price
1300000
Concessions
No
Buyer Financing
Cash

More Information

Exemption Information

Exemption YN
Y

Income and Expenses

Expense Year
2021
Gross Scheduled Income
158400
Insurance Expense
7802
Net Operating Income
109698
New Taxes Expense
19506
Other Expense
3264
Supplies Expense
324
Total Actual Rent
158400

Showing Requirements

Showing Instructions
Contact Listing agent

Historical Information

Public Historical Remarks
Utilities: On, Frontage Access: Public Road,Stop Sign Intersect, Parking: Public Parking, Roof Structure: HIP,Truss, Fire Protect: Fire Extinguishers
Listing Office: BS Realty Services Indiana LLC
Last Updated: February - 24 - 2024
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