See Home Value
Lake Station 46405
721-739 Central Avenue
$332,078*
Commercial - Off Market

721-739 Central Avenue

Lake Station, IN 46405
bedrooms
Studio
bathrooms
0 Bath
square feet
7808 Sqft
$216,000 - $262,000
Reference Base Price*
38.65%
Since Aug 1, 2020
National-US
Primary Model

About This Property

Fully occupied mixed-use 6 unit (5 commercial, 1 residential) with projected gross revenue of $49,200 for 2020. $48,000 in 2019. Zoned B-2.  Taxes are only $3309 per year. Building is well maintained and in very good condition and is in a high traffic area. 2 story, 2 bed, 1.5 bath apartment has 1.5 car attached garage.  Partial basement (15' x 15') houses electric services and water heater. In addition, there are two unheated storage rooms with a total of 900' ft. 735-739 (2 units) $1400 per month, 13 year tenant, $950 deposit; 731 - $750 per month, 18 year tenant, $750 deposit; 727 - $750 per month, new tenant 2020, $0 deposit; 723 - $500, 3 year tenant, $500 deposit; 721 - Residential apartment $700 per month, 4 year tenant, $700 deposit.  Owner pays all utilities with the exception of the electric in units 727, 731, 735-739. Contract terms available to qualified buyers: Full Price Offer, $75k down, 6% Interest, 3 year balloon.

The manager has listed the unit size as 7808 square feet.
Unit Size
7,808Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$31
Property Type
Commercial
Property Taxes
-
HOA Dues
-
Year Built
-

Price History

Date / Event Date Event Price
Jul 24, 2020 No longer available -
No longer available
Nov 12, 2019 Price Decreased $239,500
↓ $10K (4.2%)
Price Decreased
Jul 22, 2019 Listed $249,900
Listed

Property Highlights

Air Conditioning
Parking Available


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Commercial
Loft
-
900 ft²
$261/ft²
$235,000 Feb 3, 2021
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20190722
07/22/2019
Loft
-
7808 ft²
$249,900
bedrooms
Loft
bathrooms
-
square feet
7808 ft²
-
-
-
-

Building Info

721 Central Avenue 721 Central Avenue, Lake Station, IN 46405
More about this Building
721 Central Avenue
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About Lake Station


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