711 Plaza Drive, Chesterton, IN 46304
$2,250,000
Property Type:
Commercial Sale
Square Footage:
15,100
Lot Size (sq. ft.):
63,510
Status:
Closed
Current Price:
$2,250,000
List Date:
12/04/2018
Last Modified:
2/24/2024
Overview
Description
Listing Details MLS# 446876
General Property Information
- Living Area
- 15100
- Building Area Source
- Assessor
- Year Built
- 2008
- Lot Size Acres
- 1.458
- Lot Size Square Feet
- 63510
- Lot Size Dimensions
- irregular
- Stories
- 2
Property Features
Building Features:
Acoustical Ceiling(s); Business District Location; Exterior Lighting; Multi Tenant; Strip Mall Location
Construction Materials:
Block; Brick
Cooling:
Central Air
Current Use:
Mixed Use; Recreational; Retail
Electric:
100 Amp Service; 150 Amp Service; 200+ Amp Service
Flooring:
Carpet; Concrete; Tile
Foundation Details:
Concrete Perimeter
Heating:
Forced Air
Interior Features:
Elevator
Listing Terms:
Cash; Conventional
Parking Features:
Common; Paved
Possible Use:
Mixed Use; Retail
Rail Availability:
None
Road Frontage Type:
State Road
Roof:
Composition; Flat; Membrane; Metal
Utilities:
Cable Available; Electricity Connected; Natural Gas Available; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected
Water Source:
Public
Contract Information
- Auction YN
- No
- Original List Price
- 2375000
- Property Sub Type
- Retail
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
Location Tax and Legal
- Street Number
- 711
- Street Name
- Plaza
- Street Suffix
- Drive
- County
- Porter
- State
- IN
- Postal Code
- 46304
- Subdivision Name
- none
Remarks and Miscellaneous
- Public Remarks
- INVESTORS PRIME LOCATION!!!! Opportunity awaits at the fully leased Indian Boundary Plaza commercial strip center. Located in Chesterton, Indiana just seconds from all major interstates, the Indiana Dunes National Lakeshore, and is also located at the most highly traveled entrance into Chesterton. This fully brick & masonry building is 10 years new. The building was built with longevity in mind and not one expense was spared. Chesterton has turned the corner with its great proximity to Chicago as well as an ever growing community. The building has great upside potential as rental rates are below market. Davita Dialysis anchors this prime property. If your looking for a great investment look no further!
- Exclusions
- Yes
Status Change Information
- Major Change Timestamp
- 2019-03-01T13:31:40Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2019-03-01
- Offer Acceptance Date
- 2019-01-29
- Close Date
- 2019-03-01
- Close Price
- 2250000
- Buyer Financing
- Conventional
More Information
Exemption Information
- Exemption YN
- Y
Income and Expenses
- Electric Expense
- 1500
- Expense Year
- 2017
- Gross Scheduled Income
- 240000
- Insurance Expense
- 5610
- Net Operating Income
- 171890
- New Taxes Expense
- 34500
- Sewer Expense
- 6000
- Water Expense
- 6000
- Gross Income
- 0
- Maintenance Expense
- 0
- Manager Expense
- 0
- Other Expense
- 0
- Professional Management Expense
- 0
- Supplies Expense
- 0
- Total Actual Rent
- 0
- Trash Expense
- 0
Showing Requirements
- Showing Instructions
- Call listing agent
Historical Information
- Public Historical Remarks
- Utilities: On, Frontage Access: Frontage Road,Signal Intersection, Roof Structure: Steel Joist,Truss
Location, Tax, and Legal
- Tax Legal Description
- Legal Description: INDIAN BOUNDARY PLAZA WRLY PART LOT2 DR485 P381 TIF
- Parcel Number
- 640431151008000023
- Township
- Westchester
- Directions
- Located at intersection of Indian Boundary & Hwy 49.
Construction Materials
- Block
- Yes
- Brick
- Yes
Cooling
- Central Air
- Yes
Electric
- 100 Amp Service
- Yes
- 150 Amp Service
- Yes
- 200+ Amp Service
- Yes
Flooring
- Carpet
- Yes
- 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
Road Frontage Type
- State Road
- Yes
Roof
- Composition
- Yes
- Flat
- Yes
- Membrane
- Yes
- Metal
- Yes
Utilities
- Cable Available
- Yes
- Electricity Connected
- Yes
- Natural Gas Available
- Yes
- Natural Gas Connected
- Yes
- Phone Available
- Yes
- Sewer Connected
- Yes
- Water Connected
- Yes
Water Source
- Public
- Yes
Auction
- Minimum Opening Bid
- 0
- Buyer Premium Amount
- 0
Current Use
- Mixed Use
- Yes
- Recreational
- Yes
- Retail
- Yes
Possible Use
- Mixed Use
- Yes
- Retail
- Yes
Building Features
- Acoustical Ceiling(s)
- Yes
- Business District Location
- Yes
- Exterior Lighting
- Yes
- Multi Tenant
- Yes
- Strip Mall Location
- Yes
Rail Availability
- None
- Yes
Listing Office:
Seramur Properties, LLC
Last Updated: February - 24 - 2024
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2024 Triangle MLS, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.