Woodland Court Mall

2057 West Glen Park Av, Griffith, Indiana 46319

  • Property Subtypes Community Center , Strip Center , Neighborhood Center
  • Gross Building Area 9,600 SF
  • Building Status Existing
  • Sale Price $1,099,000.00 - Total
  • Property Use Type Investment
  • Class of Space N/A
  • Total Land Size 0.96 Acres
  • Sale Terms Owner Financing
  • Cap Rate 8.65
  • Last Updated 3/26/2020
  • Days on Market 304 Days
  • Status active

Overview / Comments

Stoplight corner access retail / office strip mall. All separate utilities paid by tenants. Contract sale possible with $180,000 down. 5 year balloon. Three large, paved parking areas. Front unit has drive thru. Separate GFA furnaces and A/C per unit.

Agent Notes

Showing 8.65% cap rate even with 2 vacancies. Financials shown are with the 2 vacancies for 2018. Net income was $95,090

Financials

  • Finance Data Year 2018
  • Real Estate Taxes - Annual($) 12,477
  • Potential Rental Income $127,187
  • Net Operating Income $95,090
  • Actual or Proforma Year Actual

Additional Details

  • Tax ID/APN 45073401001000006
  • Property Visibility Good
  • Year Built 1986
  • Land Ownership fee simple
  • Legal Description Woodland Estates 3rd Add. Block 2. All Lot 17 and West 32 ft Lot 16