6111 Harrison Street, Merrillville, IN 46410
sale
$4,950,000
|
Retail, Office
Courtesy Of SCHUPP Real Estate
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.
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Cooling System: Central A/C
- Exterior Type: Concrete Block
- Exterior Type: Brick
- Exterior Type: Block
- Floor Covering: Vinyl
- Floor Covering: Tile
- Floor Covering: Carpet
- Floor Covering: Concrete
- Floors: 3.0
- Heating Fuel: Natural Gas
- Heating System: Central Furnace
- Heating System: Forced Air
- MLSID: 505903
- Parking Spaces: 249
- Parking Type: Paved or Surfaced
- Parking Type: Open
- Roof Type: Tar and Gravel
- View Type: Park
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