706 Ridge Road, Munster, IN 46321
$800,000
Property Type:
Commercial Sale
Square Footage:
5,035
Lot Size (sq. ft.):
69,348
Status:
Closed
Current Price:
$800,000
List Date:
3/05/2018
Last Modified:
6/19/2024
Overview
Description
Listing Details MLS# 430367
General Property Information
- Living Area
- 5035
- Building Area Source
- Assessor
- Accessibility Features YN
- Yes
- Year Built
- 1985
- Lot Size Acres
- 1.592
- Lot Size Square Feet
- 69348
- Lot Size Dimensions
- 1.592
- Stories
- Yes
Property Features
Building Features:
Business District Location; Other
Construction Materials:
Brick
Cooling:
Central Air; Exhaust Fan
Current Use:
Medical/Dental
Electric:
100 Amp Service; 150 Amp Service; 200+ Amp Service
Flooring:
Carpet; Tile
Foundation Details:
Concrete Perimeter
Heating:
Central; Natural Gas
Interior Features:
Elevator
Listing Terms:
Cash; Conventional
Parking Features:
Paved
Possible Use:
Medical/Dental; Office; Retail
Rail Availability:
None
Road Frontage Type:
City Street
Roof:
Composition
Security Features:
Other
Tenant Pays:
Gas; Water
Utilities:
Cable Available; Natural Gas Available; Natural Gas Connected; Sewer Connected
Water Source:
Public
Showing Requirements:
Listing Agent Must Accompany
Contract Information
- Auction YN
- No
- Original List Price
- 1200000
- Property Sub Type
- Office
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
Location Tax and Legal
- Street Number
- 706
- Street Name
- Ridge
- Street Suffix
- Road
- County
- Lake
- State
- IN
- Postal Code
- 46321
- Subdivision Name
- none
Remarks and Miscellaneous
- Public Remarks
- Over 5000 Sq.Ft. Medical Office building with paved parking on over 1.5 Acres. Property can be sub-divided creating 2 residential lots and 1 possible multi-family lot. Possible PUD may allow an additional commercial building behind existing building which would require Town of Munster approval. Seller willing to consider Lease Purchase agreement.
Status Change Information
- Major Change Timestamp
- 2024-02-18T02:35:20Z
- Major Change Type
- Price Reduced
- Price Change Timestamp
- 2024-02-18T02:35:20Z
- Status Change Timestamp
- 2019-03-15
- Offer Acceptance Date
- 2019-03-06
- Close Date
- 2019-03-15
- Close Price
- 800000
- Concessions
- No
- Buyer Financing
- Cash
More Information
Building Features
- Building Dimensions
- 95x53
- Clear Ceiling Height
- 8'
- Office SqFt
- 5035
- Business District Location
- Yes
- Other
- Yes
Exemption Information
- Exemption YN
- N
Income and Expenses
- Expense Year
- 2017
- Gross Scheduled Income
- 79800
- Insurance Expense
- 2000
- Net Operating Income
- 54700
- New Taxes Expense
- 23090
- Total Actual Rent
- 79800
- Electric Expense
- 0
- Gross Income
- 0
- Maintenance Expense
- 0
- Manager Expense
- 0
- Other Expense
- 0
- Professional Management Expense
- 0
- Sewer Expense
- 0
- Supplies Expense
- 0
- Trash Expense
- 0
- Water Expense
- 0
Showing Requirements
- Showing Instructions
- use showing assist. Agent to be present for all showings
- Listing Agent Must Accompany
- Yes
Historical Information
- Public Historical Remarks
- Zoning: BUSO, Utilities: On, Roof Structure: Gable
Location, Tax, and Legal
- Postal Code +4
- 1612
- Tax Legal Description
- Legal Description: PT. E2. S.24 T.36 R.10 1.592AC.
- Parcel Number
- 450624280005000027
- Zoning Description
- Business
- Township
- North
- Directions
- Calumet Avenue and Ridge Rd, west on Ridge Rd to property on southside of street.
Construction Materials
- Brick
- Yes
Cooling
- Central Air
- Yes
- Exhaust Fan
- Yes
Electric
- 100 Amp Service
- Yes
- 150 Amp Service
- Yes
- 200+ Amp Service
- Yes
Flooring
- Carpet
- Yes
- Tile
- Yes
Foundation Details
- Concrete Perimeter
- Yes
Heating
- Central
- Yes
- Natural Gas
- Yes
Interior Features
- Elevator
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Parking Features
- Paved
- Yes
Road Frontage Type
- City Street
- Yes
Roof
- Composition
- Yes
Security Features
- Other
- Yes
Utilities
- Cable Available
- 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
- Water
- Yes
Current Use
- Medical/Dental
- Yes
Possible Use
- Medical/Dental
- Yes
- Office
- Yes
- Retail
- Yes
Rail Availability
- None
- Yes
Listing Office:
McColly Real Estate
Last Updated: June - 19 - 2024
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