8127 Merrillville Road, Merrillville, IN 46410

$3,100,000
Property Type: Commercial Sale Square Footage: 17,696 Lot Size (sq. ft.): 119,354 Status: Closed
Current Price: $3,100,000 List Date: 5/29/2020 Last Modified: 2/24/2024

Overview

Description

Office Building

Listing Details MLS# 475291

General Property Information

Living Area
17696
Building Area Source
Assessor
Accessibility Features YN
Yes
Year Built
1975
Lot Size Acres
2.74
Lot Size Square Feet
119354
Lot Size Dimensions
Irregular
Waterfront YN
No
Stories
0

Property Features

Building Features: Exterior Lighting; Multi Tenant; Passenger Elevator(s); Other Construction Materials: Block; Brick Cooling: Central Air Current Use: Office Foundation Details: Concrete Perimeter Heating: Forced Air Interior Features: Elevator Listing Terms: Cash; Conventional Parking Features: Common; Paved Possession: Close Of Escrow Possible Use: Office Rail Availability: None Road Frontage Type: City Street Roof: Flat; Rubber Security Features: Fire Alarm; Security System Utilities: Electricity Available; Natural Gas Available; Other

Contract Information

Auction YN
No
Original List Price
3400000
Property Sub Type
Office
Property Attached YN
No
Listing Agreement
Exclusive Right To Sell
Occupant Type
Tenant

Location Tax and Legal

Street Number
8127
Street Name
Merrillville
Street Suffix
Road
County
Lake
State
IN
Postal Code
46410
Subdivision Name
Southlake Professional Add

Remarks and Miscellaneous

Public Remarks
Office Building

Status Change Information

Major Change Timestamp
2020-05-29T11:53:07Z
Major Change Type
New Listing
Status Change Timestamp
2020-05-29
Offer Acceptance Date
2020-05-29
Close Date
2020-05-29
Close Price
3100000
Concessions
No
Buyer Financing
Conventional

More Information

Exemption Information

Exemption YN
Y

Income and Expenses

Net Operating Income
280000
New Taxes Expense
30692
Electric Expense
0
Gross Income
0
Gross Scheduled Income
0
Insurance Expense
0
Maintenance Expense
0
Manager 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

Showing Requirements

Showing Instructions
Use Showing Assist.

Historical Information

Public Historical Remarks
Utilities: On

Location, Tax, and Legal

Postal Code +4
1485
Tax Legal Description
Legal Description: SOUTHLAKE PROFESSIONAL ADD. LOT 1
Parcel Number
451221402004000030
Township
Ross
Directions
US 30 to Merrillville Rd.

Construction Materials

Block
Yes
Brick
Yes

Cooling

Central Air
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

Flat
Yes
Rubber
Yes

Security Features

Fire Alarm
Yes
Security System
Yes

Utilities

Electricity Available
Yes
Natural Gas Available
Yes
Other
Yes

Auction

Minimum Opening Bid
0
Buyer Premium Amount
0

Current Use

Office
Yes

Possible Use

Office
Yes

Building Features

Exterior Lighting
Yes
Multi Tenant
Yes
Passenger Elevator(s)
Yes
Other
Yes

Rail Availability

None
Yes
Listing Office: Realty Executives Premier
Last Updated: February - 24 - 2024
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