260 E 90th Drive

260 E 90th Drive, Merrillville, IN

$459,900

Price

2,892 sqft

Building Size

27,021 acres

Lot Area

Gallery
Street
Map
Overview
Building Size
2,892 sqft
Lot Area
27,021 acres
Year Built
1989
MlsNumber
800312
Description

Fantastic commercial property investment. This office space is 2860 square foot of newly remodeled premium office space. This space already has an existing tenant (Ellie Mental Health Clinics) with 4 years left on their existing lease. The property is already cash flow positive based on existing lease. Tenant is hopeful new owner will continue to rent to them long term but is not required. Tenants has expressed interest in trying to purchase property down the line. Current lease for tenant is $4,000.00 a month with a 2% yearly increase. Office is located next to hospital, emergency room, several other medical facilities, and several other law firms. The facility is in a very high demand area, surrounded dense retail spaces. Located off Broadway, right between HWY 65 and US 30. The unit is an end cap unit so there is great curb appeal, all offices in the unit have beautiful large windows with good views and fantastic natural light. The unit is composed of 8 large offices and a an extra large conference room , 2 bath rooms, all newly remodeled. The exterior is all brick, building is in fantastic condition. All new flooring, new LED lights , new fridge and sink in employee room , all interior have been painted, all solid oak doors , solid oak baseboards, 2 air condition units and 2 furnaces, and new water heater. Taxes are around $8,000 and HOA fees which covers the outside landscaping, roof and water & sewer is $5157.08

Highlights
  • Annual Tax: $ 8383.08
  • Appliances: Microwave
  • Flooring: Wall to Wall Carpet
  • Exterior Description: Brick
  • Heating Fuel Type: Gas
  • Roof: Metal Roof
  • Cooling: Central A/C
  • Heating Type: Forced Air
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Listing ID: 1ecf4651-4f53-4c8d-9499-834aca38c52d
Location
Gallery