9002-9010 Cline Avenue

    Highland, IN 46322
    • $695,000
    • STATUS: Active Under Contract
    • ON SITE: 122 days
    • MLS #: 460425
    Under Contract
    UPDATED: 3 min ago
    $695,000
    • 0
      BEDS
    • 2.48
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 10,000
      SQFT
    • $70
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1990
    County:
    Area:

    School Ratings & Info

    Description

    Fully (long term) leased multi tenant building now offered for the first time in Highland, Indiana. Located with high visibility and 385 ft. frontage on Cline Ave. Excellent investment with cap rate nearing 15%. This has proven to be a stable cash flow asset. This offering is for 5 contiguous units with separate pin numbers, separate tenant paid utilities. Added bonus: they have been set up as separate condominium units for future flexibility. Business type use. Handicap lift elevator. Added bonus: Only 64.31% of exterior charges are attributed to these 5 units. The POA pays ground maintenance, scavenger, parking lot lights, elevator lift, commercial exterior insurance.

    Monthly Payment Calculator

    © 2019 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 | Berkshire Hathaway HomeServices Executive Group Real Estate 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 2019-12-07T09:52:51.387.
    www.lisagaff.com/homes/97650197

    9002-9010 Cline Avenue Highland, IN 46322

    • Price: $695,000
    • Status: Active Under Contract
    • Updated: 3 min ago
    • MLS #: 460425
    0
    Beds
    0
    Baths
    0
    ½ Baths
    2.48
    Acres
    10,000
    SQFT
    $70
    $/SQFT
    1990
    Built
    Neighborhood:
    Forest Park Plaza
    County:
    Lake
    Area:
    Highland
    Property Description
    Fully (long term) leased multi tenant building now offered for the first time in Highland, Indiana. Located with high visibility and 385 ft. frontage on Cline Ave. Excellent investment with cap rate nearing 15%. This has proven to be a stable cash flow asset. This offering is for 5 contiguous units with separate pin numbers, separate tenant paid utilities. Added bonus: they have been set up as separate condominium units for future flexibility. Business type use. Handicap lift elevator. Added bonus: Only 64.31% of exterior charges are attributed to these 5 units. The POA pays ground maintenance, scavenger, parking lot lights, elevator lift, commercial exterior insurance.
    Exterior Features

    Building Construction BlockBrickOther Building Exterior BlockBrickDrivet Dock Features None Foundation Other Frontage Access City StreetPublic Road Lot Dimensions 385 X 280 Misc Outside Security Lighting Parking Common ParkingLighted ParkingOpen Parking Parking Spaces 94 Rail Availability None Roof Coverings Membrane Roof Structure Flat

    Interior Features

    Air Conditioning Ventilation Central Air Ceiling Type Suspended Floor Finish CarpetTileVariesVinyl Heat Ventilation Forced AirGas Heat Misc Inside Elevator-PassengerPrivate Restrooms

    Property Features

    Amenities Exterior Lighting Backup Information Covenants/Restrict.Declarations/BylawsLeases/CopiesPlans/SpecsTax Bill Cross Street Address Ridge Road Current Use CondominiumMedical/DentalOffice Electrical Service Nipsco Fire Protection Other Information Lag Must Accompany Possession Day Of Closing Potential Use Medical OfficeOffice Property Subtype1 Office Taxes 15897 Tenant Pays ElectricityGasHot WaterSewerWater Terms CashConventional Transaction Type Sale Utilities On

    Listing information © 2019 Multiple Listing Service of the Greater Northwest Indiana Association of REALTORS®.
    Listing courtesy of Janice Price of Coldwell Banker Res. Brokerage.

    © 2019 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 | Berkshire Hathaway HomeServices Executive Group Real Estate 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 2019-12-07T09:52:51.387.
     
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