9219 Indianapolis Boulevard, Highland, IN 46322
$875,000
Property Type:
Commercial Sale
Square Footage:
24,550
Lot Size (sq. ft.):
75,402
Status:
Closed
Current Price:
$875,000
List Date:
9/29/2015
Last Modified:
2/24/2024
Overview
Description
Listing Details MLS# 381433
General Property Information
- Living Area
- 24550
- Building Area Source
- Assessor
- Accessibility Features YN
- Yes
- Year Built
- 1970
- Lot Size Acres
- 1.731
- Lot Size Square Feet
- 75402
- Lot Size Dimensions
- 1.37acres
- Stories
- 3
Property Features
Building Features:
Business District Location; Courtyard; Exterior Lighting; Inside Corridor(s); Lunch Room; Meeting Room; Passenger Elevator(s); Private Restrooms; Suspended Ceiling(s)
Construction Materials:
Block; Brick; Cedar; Vinyl Siding
Cooling:
Central Air
Current Use:
Commercial; Office; Warehouse
Electric:
100 Amp Service; 150 Amp Service; 200+ Amp Service
Flooring:
Carpet; Tile
Foundation Details:
Block; Brick/Mortar; Concrete Perimeter
Heating:
Forced Air; Natural Gas
Interior Features:
Elevator
Listing Terms:
Cash; Conventional
Parking Features:
Private
Possible Use:
Commercial; Medical/Dental; Office; Place of Worship; Warehouse
Rail Availability:
None
Road Frontage Type:
Highway
Roof:
Composition; Flat; Mansard; Rubber
Security Features:
Security Lights
Sewer:
Private Sewer
Tenant Pays:
Gas
Utilities:
Cable Available; Electricity Connected; Natural Gas Connected; Phone Available; Water Connected
Water Source:
Public
Showing Requirements:
24 Hour Notice; Listing Agent Must Accompany
Contract Information
- Auction YN
- No
- Original List Price
- 1399000
- Property Sub Type
- Office
- Listing Agreement
- Exclusive Right To Sell
- Occupant Type
- Tenant
Location Tax and Legal
- Street Number
- 9219
- Street Name
- Indianapolis
- Street Suffix
- Boulevard
- County
- Lake
- State
- IN
- Postal Code
- 46322
- Subdivision Name
- Boulevard District
Remarks and Miscellaneous
- Public Remarks
- Income producing opportunity! This three building complex with 150' of frontage on Indianapolis Blvd is in the heart of the Highland-Schererville NWI Business Corridor on Indianapolis Blvd. This is a serious cash flow generator for an opportunistic investor. Review the accompanying financials. There are 25, mostly long-term tenants in the complex. Occupancy is 97%. This property consists of three separate buildings totaling 24550 sq. ft. It has been well maintained by management. All three building are built to last. Most utilities are municipal. There are 65-70 private parking spaces. Daily traffic counts average 41,702. you must check this property out!
Status Change Information
- Major Change Timestamp
- 2024-02-18T02:32:55Z
- Major Change Type
- Price Reduced
- Price Change Timestamp
- 2024-02-18T02:32:55Z
- Status Change Timestamp
- 2018-04-30
- Offer Acceptance Date
- 2018-04-30
- Close Date
- 2018-04-30
- Close Price
- 875000
- Buyer Financing
- Conventional
More Information
Building Features
- Number of Offices
- 27
- Business District Location
- Yes
- Courtyard
- Yes
- Exterior Lighting
- Yes
- Inside Corridor(s)
- Yes
- Lunch Room
- Yes
- Meeting Room
- Yes
- Passenger Elevator(s)
- Yes
- Private Restrooms
- Yes
- Suspended Ceiling(s)
- Yes
Exemption Information
- Exemption YN
- Y
Income and Expenses
- Electric Expense
- 14727
- Expense Year
- 2014
- Gross Scheduled Income
- 164000
- Insurance Expense
- 2942
- Net Operating Income
- 95000
- New Taxes Expense
- 23114
- Other Expense
- 600
- Professional Management Expense
- 1380
- Total Actual Rent
- 164000
- Trash Expense
- 890
- Water Expense
- 1988
- Gross Income
- 0
- Maintenance Expense
- 0
- Manager Expense
- 0
- Sewer Expense
- 0
- Supplies Expense
- 0
Showing Requirements
- Showing Instructions
- 24hr Notice Required. Listing agent will attend all showings., Use Showing Assist
- 24 Hour Notice
- Yes
- Listing Agent Must Accompany
- Yes
Historical Information
- Public Historical Remarks
- Zoning: BUSO, Utilities: On, Bldg. Exterior: Alum/Vinyl Wndw Trim, Roof Structure: Gambrel, Fire Protect: Fire Extinguishers
Location, Tax, and Legal
- Postal Code +4
- 2562
- Tax Legal Description
- Legal Description: PT. SW. NW. 405X146.66FT. S.28 T.36 R.9 1.37AC.
- Parcel Number
- 450728151009000026
- Zoning Description
- Business
- Township
- North
- Directions
- West on Hwy 30, north on Hwy 41. Property will be on the right between Hart Rd and Martha St.
Construction Materials
- Block
- Yes
- Brick
- Yes
- Cedar
- Yes
- Vinyl Siding
- Yes
Cooling
- Central Air
- Yes
Electric
- 100 Amp Service
- Yes
- 150 Amp Service
- Yes
- 200+ Amp Service
- Yes
Flooring
- Carpet
- Yes
- 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
- Private
- Yes
Road Frontage Type
- Highway
- Yes
Roof
- Composition
- Yes
- Flat
- Yes
- Mansard
- Yes
- Rubber
- Yes
Security Features
- Security Lights
- Yes
Sewer
- Private Sewer
- Yes
Utilities
- Cable Available
- Yes
- Electricity Connected
- Yes
- Natural Gas Connected
- Yes
- Phone Available
- Yes
- Water Connected
- Yes
Water Source
- Public
- Yes
Auction
- Minimum Opening Bid
- 0
- Buyer Premium Amount
- 0
Tenant Pays
- Gas
- Yes
Current Use
- Commercial
- Yes
- Office
- Yes
- Warehouse
- Yes
Possible Use
- Commercial
- Yes
- Medical/Dental
- Yes
- Office
- Yes
- Place of Worship
- Yes
- Warehouse
- Yes
Rail Availability
- None
- Yes
Listing Office:
Century 21 Alliance Group
Last Updated: February - 24 - 2024
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