9907-9961 W 109th Ave

9961 W 109th Avenue, Cedar Lake, Indiana 46303

  • Property Subtypes Free-Standing Building
  • Building Size (RSF) 7,595 SF
  • Gross Building Area 7,595 SF
  • Building Status Existing
  • Sale Price $1,500,000.00 PSF
  • Unit Price $197.5 per SF
  • Property Use Type Vacant/Owner-User
  • Class of Space N/A
  • Total Land Size 10.76 Acres
  • Sale Terms Undisclosed
  • Cap Rate Undisclosed
  • Last Updated 3/31/2020
  • Days on Market 352 Days
  • Status active

Overview / Comments

9907 West 109th: 1627 SF home and 1080 SF storage building on 5.36 acres 9961 West 109th: 2688 SF like new retail showroom building and 2200 SF warehouse building with two overhead doors and 600 SF office on 5.40 acres Included in the sale is a profitable turnkey business of 20+ years with a trained, experienced staff. Current owner works 1-2 days per week and could be available for training new ownership. The business occupies 5.4 acre property 9961 West 109th and is being sold with the contiguous 5.36 acre property 9907 West 109th to provide for future expansion needs and/or sale. The business is set up perfectly with showroom/retail space up front and office and warehouse/storage space in the back. Well and septic provide cheap water for nursery stock and area for new septic field is set up if it is ever needed. Cell tower in the back of 9961 may provide additional income ($5,000/month) in the future. The cell tower is set up on a permanent easement. It may have four additional carriers, each paying $1,300-$1,500/month. 9907 is currently zoned R-3 Residential but could be changed to commercial due to surrounding commercial property. The owner does not want to change zoning due to tax implications and has rented out the house in the past. 2018 pay 2019 taxes on both parcels total $8,927.74. This property, located in the booming St. John Corridor, is a great opportunity. This site is immediately east of the entrance to the Gates of St. John. ¼ mile west of Cline Avenue, 1 ¾ miles east of U.S. 41/Indianapolis Blvd. 4 ¾ miles southeast of U.S. Highway 30, about 4 miles west of the Lake County Courthouse on the Square.

Additional Details

  • Tax ID/APN 45-15-09-226-001.000-013, 45-15-09-201-011.000-013

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