651 Axe Avenue, Valparaiso, IN 46383 (MLS# 523247)

651 Axe Avenue, Valparaiso, IN 46383

$750,000

Property Type: Commercial Sale Square Footage: 12,060 Lot Size (sq. ft.): 127,631 Status: Closed

Current Price: $750,000 List Date: 11/28/2022 Last Modified: 1/15/2025

Overview

Description

2.93 Ac Property includes warehouse with storage space and possible apartment upstairs. Many possible uses. This is a great investment property as there are 3 tenants on the property. Current rents total $6700/mo ($600; $600; $5500). Great income potential.

Listing Details MLS# 523247

General Property Information

Number Of Units Total: 2
Living Area: 12060
Building Area Source: Assessor
Year Built: 1971
Parking Total: 20
Lot Size Acres: 2.93
Lot Size Square Feet: 127630.8
Lot Size Source: Assessor
Lot Size Dimensions: irr
Waterfront YN: No
Basement YN: No
Stories: 0

Property Features

Building Features: Acoustical Ceiling(s); Commercial Park Location; Exterior Lighting; Open Dock(s); Private Restrooms; Storage Tank Above Ground; Other Construction Materials: Steel Siding Cooling: Central Air Current Use: Investment; Warehouse Electric: 100 Amp Service; 150 Amp Service; 200+ Amp Service Exterior Features: Storage Flooring: Carpet; Concrete Foundation Details: Pillar/Post/Pier Heating: Forced Air Interior Features: Elevator Listing Terms: Cash; Conventional Lock Box Information: SentriLock Parking Features: Gated; Oversized; Paved; Private; Unpaved Possession: Negotiable Possible Use: Automotive; Commercial; Industrial; Mini-Storage; Mixed Use; Office; Recreational; Warehouse Rail Availability: None Road Frontage Type: City Street Roof: Metal Security Features: Fire Hydrant On Site Sewer: Public Sewer Tenant Pays: None 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: 999999
Property Sub Type: Industrial
Listing Agreement: Exclusive Right To Sell
Common Interest: Planned Development
Occupant Type: Owner

Location Tax and Legal

Street Number: 651
Street Name: Axe
Street Suffix: Avenue
County: Porter
State: IN
Postal Code: 46383
Subdivision Name: Councils Add

Remarks and Miscellaneous

Public Remarks: 2.93 Ac Property includes warehouse with storage space and possible apartment upstairs. Many possible uses. This is a great investment property as there are 3 tenants on the property. Current rents total $6700/mo ($600; $600; $5500). Great income potential.

Status Change Information

Major Change Timestamp: 2025-01-15T17:31:52Z
Major Change Type: Status Change
Price Change Timestamp: 2024-09-04T14:13:09Z
Status Change Timestamp: 2025-01-15
Offer Acceptance Date: 2024-10-11
Close Date: 2025-01-14
Close Price: 750000
Concessions: No
Buyer Financing: Conventional

More Information

Exemption Information

Exemption YN: Y

Income and Expenses

New Taxes Expense: 12328
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

Lock Box Information

Lock Box Serial Number: 523247
SentriLock: Yes

Showing Requirements

Showing Instructions: Call LA to schedule
Appointment Only: Yes
Listing Agent Must Accompany: Yes

Historical Information

Public Historical Remarks: Utilities: On, Roof Structure: Truss

Location, Tax, and Legal

Postal Code +4: 6479
Tax Annual Amount: 9451
Tax Year: 2023
Tax Legal Description: Legal Description: COUNCILS ADD PART OF BLK 29 DESC DR362 P16 1.655A (29-1-1) & COUNCILS ADD PART BLK 29 DESC DR354 P174 (29-1-2)
Parcel Number: 640925130014000004
Additional Parcels YN: Yes
Additional Parcels Description: 64-09-25-130-015.000-004
Township: Center
Directions: From 30, N on Washington, E on South St (turns into Franklin), E on Nickle Plate, N on Axe.

Construction Materials

Steel Siding: Yes

Cooling

Central Air: Yes

Electric

100 Amp Service: Yes
150 Amp Service: Yes
200+ Amp Service: Yes

Exterior Features

Storage: Yes

Flooring

Carpet: Yes
Concrete: Yes

Foundation Details

Pillar/Post/Pier: Yes

Heating

Forced Air: Yes

Interior Features

Elevator: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Parking Features

Gated: Yes
Oversized: Yes
Paved: Yes
Private: Yes
Unpaved: Yes

Possession

Negotiable: Yes

Road Frontage Type

City Street: Yes

Roof

Metal: Yes

Security Features

Fire Hydrant On Site: Yes

Sewer

Public Sewer: Yes

Utilities

Electricity Connected: Yes
Natural Gas Available: Yes
Natural Gas Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

Water Source

Public: Yes

Tenant Pays

None: Yes

Current Use

Investment: Yes
Warehouse: Yes

Possible Use

Automotive: Yes
Commercial: Yes
Industrial: Yes
Mini-Storage: Yes
Mixed Use: Yes
Office: Yes
Recreational: Yes
Warehouse: Yes

Building Features

Acoustical Ceiling(s): Yes
Commercial Park Location: Yes
Exterior Lighting: Yes
Open Dock(s): Yes
Private Restrooms: Yes
Storage Tank Above Ground: Yes
Other: Yes

Rail Availability

None: Yes

Listing Office: Seramur Properties, LLC

Last Updated: January - 15 - 2025

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