717 Michigan Ave - Office/Residential FOR SALE


La Porte, IN 46350
$725,000 USD
219-508-0554
717 Michigan Ave, La Porte, IN for Sale
$725,000 USD
Office/Residential - FOR SALE
1/8
null | Request Cap Rate

717 Michigan Ave
La Porte, IN 46350


HIGHLIGHTS

  • The property's unique location in heart of the historic downtown qualifies it for the Urban Enterprise Grant Program.
  • Easily accessible to several major highways, including immediate access to Hwy 35/39 and State Hwy 2.
  • The multi-tenant building has a solid rent base with several long term tenants.
  • First two floors are fully leased with the third floor available for an owner occupier who desires rental income.
  • Third floor could also be converted to multi-residential apartments.
  • The property has access to a large parking lot which is rare for a downtown property.

OVERVIEW

-The property is located in heart of the historic downtown of LaPorte. It's unique location qualifies it for the Urban Enterprise Grant Program. -Easily accessible to several major highways, including immediate access to Hwy 35/39 and State Hwy 2. -LaPorte is on the periphery of the double track South Shore train project helping to make LaPorte county a reachable commute to Chicago by rail. -The multi-tenant building has a solid rent base with several long term tenants. -First two floors are fully leased with the third floor available for an owner occupier who desires rental income. -Third floor could also be converted to multi-residential apartments. -The property has access to a large parking lot which is rare for a downtown property. -Elevator Access to all floors.

FOR SALE DETAILS

PRICE

$725,000 USD

PRICE/SF

$35 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Edward Jones

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

C

YEAR BUILT

1889

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,000 SF

ZONING

CBD-1

APN/PARCEL ID

46-06-35-439-012.000-043

ASK ABOUT THIS PROPERTY

Steve NicksicBradley CompanyMore Info
219-508-0554

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Steve NicksicBradley CompanyMore Info
219-508-0554

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.