710 E US Highway 20, Michigan City, IN 46360

$1,750,000
Property Type: Commercial Sale Square Footage: 18,253 Lot Size (sq. ft.): 104,980 Status: Closed
Current Price: $1,750,000 List Date: 3/14/2020 Last Modified: 6/19/2024

Overview

Description

Commercial property zoned B2 sitting on a 2.41 acre parcel. Current home of an expanding car dealership moving to new location soon. Outdoor parking lot on this property houses 225 vehicles. Use area is 18,253 sq ft currentlyMany potential uses for this property with high visability. Located on hwy 20 with close proximity to I-94..High traffic count daily.. Owner will consider some modifications with the right offer.Located in Michigan City IN where economic development opportunitiesexpected with the double track to downtown Chicago coming

Listing Details MLS# 471702

General Property Information

Living Area
18253
Building Area Source
Assessor
Year Built
1970
Lot Size Acres
2.41
Lot Size Square Feet
104980
Lot Size Dimensions
295 x 521 irreg
Waterfront YN
No
Stories
0

Property Features

Building Features: Exterior Lighting; Lunch Room; Private Restrooms; Public Restrooms; Other Construction Materials: Steel Siding Cooling: Central Air Current Use: Automotive Flooring: Tile; Other Foundation Details: Block Heating: Central; Forced Air Interior Features: Elevator Listing Terms: Cash; Conventional Parking Features: Common Possession: Negotiable Possible Use: Recreational; Warehouse Rail Availability: None Road Frontage Type: Interstate Roof: Rubber Security Features: Fire Alarm; Security System Tenant Pays: Water Utilities: Electricity Available; Natural Gas Available; Natural Gas Connected; Phone Available; Sewer Connected Water Source: Public Showing Requirements: 24 Hour Notice

Contract Information

Auction YN
No
Original List Price
2100000
Property Sub Type
Mixed Use
Property Attached YN
No
Listing Agreement
Exclusive Right To Sell
Occupant Type
Owner

Location Tax and Legal

Street Number
710
Street Direction Prefix
E
Street Name
US Highway 20
County
La Porte
State
IN
Postal Code
46360
Subdivision Name
none

Remarks and Miscellaneous

Public Remarks
Commercial property zoned B2 sitting on a 2.41 acre parcel. Current home of an expanding car dealership moving to new location soon. Outdoor parking lot on this property houses 225 vehicles. Use area is 18,253 sq ft currentlyMany potential uses for this property with high visability. Located on hwy 20 with close proximity to I-94..High traffic count daily.. Owner will consider some modifications with the right offer.Located in Michigan City IN where economic development opportunitiesexpected with the double track to downtown Chicago coming

Status Change Information

Major Change Timestamp
2024-02-18T02:37:52Z
Major Change Type
Price Reduced
Price Change Timestamp
2024-02-18T02:37:52Z
Status Change Timestamp
2021-02-26
Offer Acceptance Date
2021-02-14
Close Date
2021-02-26
Close Price
1750000
Concessions
No
Buyer Financing
Cash

More Information

Building Features

Number of Offices
4
Overhead Doors
5
Exterior Lighting
Yes
Lunch Room
Yes
Private Restrooms
Yes
Public Restrooms
Yes
Other
Yes

Exemption Information

Exemption YN
Y

Frontage Type

Frontage Length
295

Showing Requirements

Showing Instructions
use showing time, alarm on site.
24 Hour Notice
Yes

Historical Information

Public Historical Remarks
Utilities: On, Parking: Public Parking, Roof Structure: Pitched, Fire Protect: Fire Extinguishers

Location, Tax, and Legal

Postal Code +4
7422
Tax Legal Description
Legal Description: 13-05-04-451-008 240.25X349.23X300 X 528.10 FT IN SW1/4 SE1/4 N OF US20 S4 T37R4
Parcel Number
460504451008000009
Township
Coolspring
Directions
Hwy 20 between Cleveland and Woodland

Construction Materials

Steel Siding
Yes

Cooling

Central Air
Yes

Flooring

Tile
Yes
Other
Yes

Foundation Details

Block
Yes

Heating

Central
Yes
Forced Air
Yes

Interior Features

Elevator
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Parking Features

Common
Yes

Possession

Negotiable
Yes

Road Frontage Type

Interstate
Yes

Roof

Rubber
Yes

Security Features

Fire Alarm
Yes
Security System
Yes

Utilities

Electricity Available
Yes
Natural Gas Available
Yes
Natural Gas Connected
Yes
Phone Available
Yes
Sewer Connected
Yes

Water Source

Public
Yes

Auction

Minimum Opening Bid
0
Buyer Premium Amount
0

Income and Expenses

Electric Expense
0
Gross Income
0
Gross Scheduled Income
0
Insurance Expense
0
Maintenance Expense
0
Manager Expense
0
Net Operating Income
0
New Taxes Expense
0
Other Expense
0
Professional Management Expense
0
Sewer Expense
0
Supplies Expense
0
Total Actual Rent
0
Trash Expense
0
Water Expense
0

Tenant Pays

Water
Yes

Current Use

Automotive
Yes

Possible Use

Recreational
Yes
Warehouse
Yes

Rail Availability

None
Yes
Listing Office: Century 21 Circle
Last Updated: June - 19 - 2024
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