$500,000
$550,000
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8,432 SqFt
SOLD DATE : 07/08/2024
Key Details
Sold Price $500,000
Property Type Commercial
Sub Type Business
Listing Status Sold
Purchase Type For Sale
Square Footage 8,432 sqft
Price per Sqft $59
MLS Listing ID 802175
Sold Date 07/08/24
Year Built 1968
Tax Year 2024
Lot Size 1.683 Acres
Acres 1.683
Lot Dimensions 69.89x1028.35
Property Description
Unbelievable investment opportunity!! This income property has a quality, long-term tenant, and tenant is responsible for 90% of all maintenance items! Because this building is leased, and has been leased in the past to a state accredited school, the property is exempt for any/all real estate taxes! The building is in a wonderful location in downtown Highland, and building is in very good condition with low maintenance. Gross rent generated is nearly pure income to the building owner. It is the BUILDING ONLY for sale, and not the business. Opportunities for an investment like this one do not come along very often. Do Not Miss Out!!
Location
State IN
County Lake
Zoning Commercial
Interior
Interior Features Entrance Foyer, High Ceilings
Heating Central, Natural Gas, Forced Air
Fireplace N
Appliance None
Exterior
Exterior Feature Private Yard, Rain Gutters
View Y/N true
View true
Building
Lot Description Landscaped, Paved, Rectangular Lot
Others
Tax ID 45-07-21-302-019.000-026
Acceptable Financing NRA20240415165010349315000000
Listing Terms NRA20240415165010349315000000
Financing Conventional
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Bought with McColly Real Estate