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6111 Harrison Street

Merrillville, IN 46410
  • $4,950,000
  • STATUS: Active
  • ON SITE: 127 Days
  • MLS #: 505903
UPDATED: 36 min ago
$4,950,000
  • 0
    BEDS
  • 5.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 66,223
    SQFT
  • $75
    $/SQFT
Neighborhood:
N/A
Type:
Commercial
Built:
1963
County:
Area:

School Ratings & Info

Description

At 98.5% occupied this 3story Professional Center has 55,733SF of rentable space and is home to a great cast of local businesses with a majority being in the health and social services industry making for a strong & essential tenant list. Current owner has undergone major renovations in 2020 with new asphalt and striping/sealing the the 249 space parking area and continued system and elevator upgrades through 2021 and a prior noted 1.8Million in tenant space and system improvements since 2001 according to records. Zoned C2 Community Commercial District the 2021 Net Operating Income boasted $383,191.00 in revenue boasting a 7.9986% ROI at the current offering as well those expenses include a generous payroll and on site professional management staff and maintenance crew. A Full 2021 P&L is online for review and prior 3 years showing the uptick on market trends and rents for 2018,2019 and 2020 show the dramatic increase from 2015,2016, & 2017 that are available upon request.

Monthly Payment Calculator

© 2022 Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. All rights reserved. Information Deemed Reliable but Not Guaranteed. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of the Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. Real estate listings held by brokerage firms other than Lisa Gaff Team | White Hat Realty Group are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2022-05-26T08:52:32.14.
www.lisagaff.com/homes/124850991
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6111 Harrison Street Merrillville, IN 46410

  • Price: $4,950,000
  • Status: Active
  • On Site: 127 Days
  • Updated: 36 min ago
  • MLS #: 505903
0
Beds
0
Baths
0
½ Baths
5.11
Acres
66,223
SQFT
$75
$/SQFT
1963
Built
Neighborhood:
N/A
County:
Lake
Area:
Merrillville
Property Description
At 98.5% occupied this 3story Professional Center has 55,733SF of rentable space and is home to a great cast of local businesses with a majority being in the health and social services industry making for a strong & essential tenant list. Current owner has undergone major renovations in 2020 with new asphalt and striping/sealing the the 249 space parking area and continued system and elevator upgrades through 2021 and a prior noted 1.8Million in tenant space and system improvements since 2001 according to records. Zoned C2 Community Commercial District the 2021 Net Operating Income boasted $383,191.00 in revenue boasting a 7.9986% ROI at the current offering as well those expenses include a generous payroll and on site professional management staff and maintenance crew. A Full 2021 P&L is online for review and prior 3 years showing the uptick on market trends and rents for 2018,2019 and 2020 show the dramatic increase from 2015,2016, & 2017 that are available upon request.
Exterior Features

Building Construction BlockBrickConcrete Building Dimensions 55733 Sq Ft Rentable Building Exterior BlockBrickConcrete Dock Features None Foundation Block Frontage Access City StreetSignal Intersection Lot Dimensions 501 X 705.83 Misc Outside Ada CompliantSecurity System Parking Common ParkingLighted ParkingOpen ParkingPaved ParkingPublic Parking Parking Spaces 249 Rail Availability None Roof Coverings Tar & Gravel Roof Structure Flat

Interior Features

Air Conditioning Ventilation Central Air Ceiling Type AcousticalSheet RockSuspended Floor Finish CarpetConcreteTileVariesVinyl Floors Concrete Heat Ventilation Central Bldg HeatForced AirGas Heat Misc Inside Elevator-PassengerJanitor ServiceMeeting RoomMulti TenantPrivate RestroomsPublic Restrooms

Property Features

Amenities Exterior Lighting Backup Information Aerial MapCovenants/Restrict.DemographicsLeases/CopiesLegal DescriptionPlans/SpecsTax BillTraffic Count Current Use Medical/DentalOfficeRetailMixed UseSpecial Use Electrical Service Over 600 Amps Fire Protection Alarm MonitoredFire Extinguishers Information 24 Hr Notice Req. Phone Internet Cable InternetDSLPhone System Possession Close Of EscrowSubject To Tenant Potential Use Medical OfficeOfficeResearch & DevelopRetailMixed UseSpecial Use Property Subtype1 Retail Property Subtype2 Office Taxes 63788 Tenant Pays C.A.M.ElectricityGasInsuranceOtherRe Tax Terms CashConventional Transaction Type Sale Utilities On

Listing information © 2022 Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®.
Listing courtesy of John Schupp of Schupp Real Estate.

© 2022 Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. All rights reserved. Information Deemed Reliable but Not Guaranteed. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program of the Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®, Inc. Real estate listings held by brokerage firms other than Lisa Gaff Team | White Hat Realty Group are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2022-05-26T08:52:32.14.
 
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