6621 Columbia Avenue, Hammond, IN 46320

$482,500
Property Type: Commercial Sale Square Footage: 1,668 Lot Size (sq. ft.): 12,371 Status: Closed
Current Price: $482,500 List Date: 2/17/2023 Last Modified: 2/24/2024

Overview

Description

Seller says: "I'M MOTIVATED! SEND ME AN OFFER!" Calling all Restauranteurs, Entrepreneurs, and Foodies..... You've probably been by this business hundreds of times, and now it could be yours! Local Gyro Restaurant is for sale, and looking for its new owner. This well established 1670sqft restaurant seats 28 and has a drive thru. Back of the house has newer prep tables, fryers, and grill. There is a walk-in cooler and freezer. New furnaces in 2020, new hot water tank in 2019, new A/C units in 2022. A truly Turn-Key opportunity. Seller will consider selling the business and equipment, and lease the building at triple net. Price for the business & equipment only would be $300,000 (three hundred thousand dollars), and then lease building for $3,500 (three thousand five hundred dollars) per month at triple net.

Listing Details MLS# 526140

General Property Information

Living Area
1668
Building Area Source
Assessor
Year Built
1970
Lot Size Acres
0.284
Lot Size Square Feet
12371
Lot Size Dimensions
65x190
Stories
Yes

Property Features

Building Features: Exterior Lighting; Plastered Ceiling(s); Public Restrooms; Sheet Rock Ceiling(s); Other Construction Materials: Brick Cooling: Central Air; Exhaust Fan Current Use: Commercial Electric: 200+ Amp Service; Circuit Breakers Flooring: Concrete; Tile Foundation Details: Concrete Perimeter Heating: Forced Air Interior Features: Elevator Listing Terms: Cash; Conventional Parking Features: Common; Paved Possession: Close Of Escrow Possible Use: Commercial; Other Rail Availability: None Road Frontage Type: City Street Roof: Metal; Other Security Features: Fire Sprinkler System; Security System Utilities: Electricity Available; Electricity Connected; Natural Gas Available; Natural Gas Connected Water Source: Public Showing Requirements: Listing Agent Must Accompany

Contract Information

Original List Price
650000
Property Sub Type
Retail
Property Attached YN
No
Listing Agreement
Exclusive Right To Sell
Occupant Type
Owner

Location Tax and Legal

Street Number
6621
Street Name
Columbia
Street Suffix
Avenue
County
Lake
State
IN
Postal Code
46320
Subdivision Name
None

Remarks and Miscellaneous

Public Remarks
Seller says: "I'M MOTIVATED! SEND ME AN OFFER!" Calling all Restauranteurs, Entrepreneurs, and Foodies..... You've probably been by this business hundreds of times, and now it could be yours! Local Gyro Restaurant is for sale, and looking for its new owner. This well established 1670sqft restaurant seats 28 and has a drive thru. Back of the house has newer prep tables, fryers, and grill. There is a walk-in cooler and freezer. New furnaces in 2020, new hot water tank in 2019, new A/C units in 2022. A truly Turn-Key opportunity. Seller will consider selling the business and equipment, and lease the building at triple net. Price for the business & equipment only would be $300,000 (three hundred thousand dollars), and then lease building for $3,500 (three thousand five hundred dollars) per month at triple net.

Status Change Information

Major Change Timestamp
2023-05-30T12:34:39Z
Major Change Type
Status Change
Status Change Timestamp
2023-05-30
Offer Acceptance Date
2023-05-05
Close Date
2023-05-30
Close Price
482500
Concessions
No
Buyer Financing
Cash

More Information

Building Features

Building Dimensions
25x65
Exterior Lighting
Yes
Plastered Ceiling(s)
Yes
Public Restrooms
Yes
Sheet Rock Ceiling(s)
Yes
Other
Yes

Exemption Information

Exemption YN
Y

Frontage Type

Frontage Length
65

Income and Expenses

Expense Year
2022
New Taxes Expense
5630
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

Showing Requirements

Showing Instructions
Contact list agent for instructions, Show Assist
Listing Agent Must Accompany
Yes

Historical Information

Public Historical Remarks
Utilities: On, Air Cond/Ventilation: Wall Sleeve, Frontage Access: Public Road, Roof Structure: Pitched, Fire Protect: Fire Extinguishers

Location, Tax, and Legal

Postal Code +4
2751
Tax Legal Description
Legal Description: PT. S2 W2 NW S.7 T.36 R.9 .284AC. (PARCEL 65X190FT.)
Parcel Number
450707201004000023
Township
North
Directions
Columbia Ave to just North of 167th, on East Side of street
Cross Street
Southeastern/167th

Construction Materials

Brick
Yes

Cooling

Central Air
Yes
Exhaust Fan
Yes

Electric

200+ Amp Service
Yes
Circuit Breakers
Yes

Flooring

Concrete
Yes
Tile
Yes

Foundation Details

Concrete Perimeter
Yes

Heating

Forced Air
Yes

Interior Features

Elevator
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Parking Features

Common
Yes
Paved
Yes

Possession

Close Of Escrow
Yes

Road Frontage Type

City Street
Yes

Roof

Metal
Yes
Other
Yes

Security Features

Fire Sprinkler System
Yes
Security System
Yes

Utilities

Electricity Available
Yes
Electricity Connected
Yes
Natural Gas Available
Yes
Natural Gas Connected
Yes

Water Source

Public
Yes

Auction

Minimum Opening Bid
0
Buyer Premium Amount
0

Current Use

Commercial
Yes

Possible Use

Commercial
Yes
Other
Yes

Rail Availability

None
Yes
Listing Office: McColly Real Estate
Last Updated: February - 24 - 2024
Broker Attribution: tjboyle2300@yahoo.com

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