Catylist ID:
#30814800
STREET RETAIL WITH OVERHEAD DOORS ON 5 ACRES
Retail-Commercial
for Sale
| Catylist Listing ID: | 30814800 |
| Property Subtypes: | Free-Standing Building, Garden Center, Mixed Use, Street Retail, Vehicle Related, Other |
| Building Size (RSF): | 13,902 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $975,000 |
| Unit Price: | $70.13 PSF |
| Ceiling: | 14 ft. |
| Property Use Type: | Investment, Vacant/Owner-User, Business |
| Sale Terms: | Cash to Seller |
| Cap Rate: | Undisclosed |
| Last Updated: | 1/20/2023 |
Overview / Comments
|
This is a unique property in which the buyer can occupy the whole building or lease part of it out. Additional land can be divided and sold or easily enough room to construct 3 more buildings. This is a 13,902 SF brick and concrete block building with fenced yard and a residential house that currently sits on 5.54 acres. The building currently has 2 month to month tenants who will vacate upon the sale of the building and it can be transformed into a single tenant or keep as multi tenant. Unit 1 interior features: 5,641 SF with 2 offices, 2 bathrooms, warehouse with LED motion detected lights, 14; clear ceiling 2-12'x12' OHD's, mezzanine storage and fenced outer area for parking and or large equipment. Unit 2 interior features: 5,641 SF with 4 private offices, waiting room, 2 bathrooms, open warehouse with 14' clear height, 1,200 SF mezzanine storage area and 2-12'x12' OHD's. Unit 3 interior features: 2,620 SF office/showroom equipped with central air/heat, kitchen, finished storage area/warehouse and 2 bathrooms. All units are separately metered gas/electric, 200 amp, 3 phase service. Currently there is a concrete base and electric in place for up to a 30’ high pylon sign on Merrillville Road on the northside of 82nd Place. This property is on the public transportation bus route stopping at Meijer Grocery Store. Additional 6.94 +/- acres available thru assemblage with the adjoining on market lot asking $349,900 for sale to form 12.48 acres. 2021 INDOT traffic counts for Merrillville Road are 10,371 cars/day. The 2021 pay 2022 taxes for all 3 parcels are $17,468.94. This property is located on the east side of Merrillville Road, two blocks south of U.S. 30 in the Town of Merrillville. Merrillville Road is a street that connects from Madison Street about two blocks north of the property to Indiana Avenue in Crown Point about 2 miles south. |
Attachments & Media
Additional Details
| Nearest MSA: | Chicago-Naperville-Elgin |
| County: | Lake |
| Tax ID/APN: | 45-12-21-402-008.000-030 |
| Property Located Between: | Broadway/Merrillville Road |
| Property Visibility: | Excellent |
| Largest Nearby Street: | US Highway 30 |
| Highway Access: | I-65, U.S. Highway 30, |
| Airports: | Midway/O'Hare/Gary/South Bend |
| Total Number of Buildings: | 2 |
| Property Condition: | Good |
| Roof Type: | Flat |
| Construction/Siding: | Block, Concrete |
| Parking Type: | Surface |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 7,695 | 42,608 | 126,171 |
| Median Age: | 41.65 | 37.76 | 37.98 |
| Households: | 3,535 | 16,543 | 47,875 |
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