850 W Lincoln Highway, Merrillville, IN 46410 (MLS# 356516)

850 W Lincoln Highway, Merrillville, IN 46410

$725,000

Property Type: Commercial Sale Square Footage: 9,990 Lot Size (sq. ft.): 34,412 Status: Closed

Current Price: $725,000 List Date: 8/14/2014 Last Modified: 6/19/2024

Overview

Description

This building has much to offer! 115 ft frontage on busy US HWY 30, plenty of traffic, corner location located at stoplight intersection, 10 bays, (5 doubles) large overhead doors, large waiting room, flexicore floor with huge open basement for storage. Former tire store. Many potential uses. Lots of mixed commerce on this strip.

Listing Details MLS# 356516

General Property Information

Living Area: 9990
Building Area Source: Assessor
Year Built: 1980
Lot Size Acres: 0.79
Lot Size Square Feet: 34412
Lot Size Dimensions: 115x300
Waterfront YN: No
Stories: Yes

Property Features

Building Features: Business District Location; Exposed Under Roof Ceiling(s); Exterior Lighting; Mixed Use; Public Restrooms; Suspended Ceiling(s); Other Construction Materials: Block; Brick; Concrete; Steel Siding Cooling: Central Air Current Use: Automotive; Mixed Use; Retail; Warehouse Electric: Circuit Breakers Flooring: Tile Foundation Details: Block; Brick/Mortar; Concrete Perimeter Heating: Forced Air; Natural Gas Interior Features: Elevator Listing Terms: Cash; Conventional Parking Features: Assigned; Open; Paved Possession: Negotiable Possible Use: Mixed Use; Retail; Warehouse Rail Availability: None Road Frontage Type: Highway Roof: Fiberglass; Metal; Other Security Features: Other Tenant Pays: Gas; Water Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Phone Available; Sewer Connected; Water Connected Showing Requirements: 24 Hour Notice; Appointment Only; Listing Agent Must Accompany

Contract Information

Auction YN: No
Original List Price: 750000
Property Sub Type: Retail
Property Attached YN: No
Listing Agreement: Exclusive Right To Sell
Occupant Type: Tenant

Location Tax and Legal

Street Number: 850
Street Direction Prefix: W
Street Name: Lincoln
Street Suffix: Highway
County: Lake
State: IN
Postal Code: 46410
Subdivision Name: Columbus

Remarks and Miscellaneous

Public Remarks: This building has much to offer! 115 ft frontage on busy US HWY 30, plenty of traffic, corner location located at stoplight intersection, 10 bays, (5 doubles) large overhead doors, large waiting room, flexicore floor with huge open basement for storage. Former tire store. Many potential uses. Lots of mixed commerce on this strip.

Status Change Information

Major Change Timestamp: 2015-05-06T12:24:06Z
Major Change Type: Status Change
Status Change Timestamp: 2015-05-06
Offer Acceptance Date: 2015-05-05
Close Date: 2015-05-06
Close Price: 725000
Buyer Financing: Conventional

More Information

Building Features

Cranes: no
Business District Location: Yes
Exposed Under Roof Ceiling(s): Yes
Exterior Lighting: Yes
Mixed Use: Yes
Public Restrooms: Yes
Suspended Ceiling(s): Yes
Other: Yes

Exemption Information

Exemption YN: Y

Income and Expenses

Gross Scheduled Income: 78000
Net Operating Income: 78000
New Taxes Expense: 15107
Total Actual Rent: 78000
Electric Expense: 0
Gross Income: 0
Insurance Expense: 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: please allow 24-48 hours for appointment., Must use showing assist
24 Hour Notice: Yes
Appointment Only: Yes
Listing Agent Must Accompany: Yes

Historical Information

Public Historical Remarks: Zoning: COMM, Utilities: On, Frontage Access: Stop Sign Intersect, Roof Structure: Pitched, Fire Protect: Fire Extinguishers, Overhead Doors:

Location, Tax, and Legal

Tax Legal Description: Legal Description: Columbus Sub SW'LY PT. Lot 3 (W. 115 of the S. 300ft) Subject to easement
Parcel Number: 451221178002000030
Zoning Description: Commercial
Township: Ross
Directions: North side of US HWY 30 Just west of Merrillville Road.
Cross Street: Merrillville Road

Construction Materials

Block: Yes
Brick: Yes
Concrete: Yes
Steel Siding: Yes

Cooling

Central Air: Yes

Electric

Circuit Breakers: Yes

Flooring

Tile: Yes

Foundation Details

Block: Yes
Brick/Mortar: Yes
Concrete Perimeter: Yes

Heating

Forced Air: Yes
Natural Gas: Yes

Interior Features

Elevator: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Parking Features

Assigned: Yes
Open: Yes
Paved: Yes

Possession

Negotiable: Yes

Road Frontage Type

Highway: Yes

Roof

Fiberglass: Yes
Metal: Yes
Other: Yes

Security Features

Other: Yes

Utilities

Cable Available: Yes
Electricity Connected: Yes
Natural Gas Connected: Yes
Phone Available: Yes
Sewer Connected: Yes
Water Connected: Yes

Auction

Minimum Opening Bid: 0
Buyer Premium Amount: 0

Tenant Pays

Gas: Yes
Water: Yes

Current Use

Automotive: Yes
Mixed Use: Yes
Retail: Yes
Warehouse: Yes

Possible Use

Mixed Use: Yes
Retail: Yes
Warehouse: Yes

Rail Availability

None: Yes

Listing Office: McColly Real Estate

Last Updated: June - 19 - 2024

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