10202 W. 400 N.
Michigan City, IN 46360
Property Type:
Office for Sale (or Lease)
Sale Price: $650,000
Unit Price: $9.50 Per SF
Property Status: Existing
Class of Space: Class B
Building Size (RSF): 8,400 SF
Total Land Size: 2 Acres
Sale Terms: Cash to Seller
Zoning: Business
Features: Site is approximately two acres some of which is
improved with a paved 72 car parking area. Remaining land area is unimproved.
The majority of the site is zoned County General Business. The building is
7,500 square feet of finished office space with an additional attached 900
square feet of finished garage (now computer and telecommunication area).
There is approximately seventeen tons of HVAC capacity in two units servicing
the structure and a four ton unit allocated for the computer room located within
the garage (scheduled to be removed). Commercial Investment Transactions, Inc.
has been advised that there is 400 amp, 120/208, 3 phase at the building, along
with another 200 amp service, power supplied by Northern Indiana Puplic Service
Company (NIPSCO). Michigan City supplies the water and sewer services
LaPorte County is in the process of expanding the present two lane 400 North
configuration to four lanes. Expansion is scheduled to begin during the 2007
building season.
Owership will consider lease, sale or a combination of both. Basic net lease
rate under consideration is $9.50 per square foot; this lease rate will deliver
a vanilla box to a financially qualified user under terms and conditions acceptable
to owner. Annual Real Estate Taxes are approx. $9,500.00 dollars.
The facility is now available.
It is our opinion that this property is strategecally located for the delivery
of medical services as evidenced by the adjoining users.
Local Economic Development Contact:
Bert Cook
Project Manager
The Greater La Porte Economic Development Corporation
(219) 324-8584
bertc@gledc.com
Real Estate Broker:
Garry Blumenfeld
Commercial Investment Transactions
219-879-7985 [Office]
219-879-8064 [Fax]
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