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
Stories
0

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
Electric Expense
0
Gross Income
0
Maintenance Expense
0
Manager Expense
0
Professional Management Expense
0
Sewer Expense
0
Trash Expense
0
Water Expense
0

Showing Requirements

Showing Instructions
Contact Listing agent
24 Hour Notice
Yes

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

Location, Tax, and Legal

Postal Code +4
5147
Tax Legal Description
Legal Description: PAR IN S343.10 W285 SW SW 19-36-6 EX PT TO STATE 1.805A DR398 P197
Parcel Number
640619353001000016
Township
Portage
Directions
From Willowcreek, East on Hwy 6 to Airport Rd

Construction Materials

Brick
Yes
Glass
Yes
Steel Siding
Yes

Cooling

Central Air
Yes

Electric

Circuit Breakers
Yes
Separate Meters
Yes

Flooring

Carpet
Yes
Concrete
Yes
Tile
Yes
Vinyl
Yes

Foundation Details

Concrete Perimeter
Yes

Heating

Ceiling
Yes
Forced Air
Yes
Natural Gas
Yes

Interior Features

Elevator
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Parking Features

Common
Yes
Lighted
Yes
Paved
Yes

Possession

Close Of Escrow
Yes

Road Frontage Type

City Street
Yes
Highway
Yes

Roof

Aluminum
Yes
Composition
Yes

Security Features

Fire Sprinkler System
Yes
Security Lights
Yes
Smoke Detector(s)
Yes

Utilities

Cable Available
Yes
Electricity Available
Yes
Electricity Connected
Yes
Natural Gas Available
Yes
Natural Gas Connected
Yes
Sewer Connected
Yes

Water Source

Public
Yes

Auction

Minimum Opening Bid
0
Buyer Premium Amount
0

Tenant Pays

Gas
Yes

Current Use

Commercial
Yes
Mixed Use
Yes
Office
Yes
Retail
Yes

Possible Use

Commercial
Yes
Medical/Dental
Yes
Mixed Use
Yes
Office
Yes
Retail
Yes

Building Features

Exterior Lighting
Yes
Multi Tenant
Yes
Private Restrooms
Yes
Public Restrooms
Yes
Strip Mall Location
Yes
Suspended Ceiling(s)
Yes

Rail Availability

None
Yes
Listing Office: BS Realty Services Indiana LLC
Last Updated: February - 24 - 2024
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