Commercial Sale

20,250 Sqft - 1790 81st Avenue, Merrillville, Indiana

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Property Description

FULLY LEASED, MULTI-TENANT, NNN Retail Auto Center with HIGH VISIBILITY on US-30 with long term NATIONAL BRAND TENANTS.This auto retail space includes a total of 20,250 square feet, 2.34 acres of land, 140 parking spaces, 3 national tenants, and great long term investment potential. Tenants include Mobility Works, AAMCO Transmissions, and Avis Budget Rental Car. Total rental income is $148,320. NNN income $54,977 annual. Annual Expenses are $52,956. Net Operating Income at $150,341.62. Cap rate of 7.51% with NNN Leases in place.Tenant Breakdown:1) Mobility Works – 11,200 Square Feet. $7,000/Month + NNN. Lease Ends 12/31/29.2) AAMCO – 4,500 Square Feet. $2,638.43/Month + NNN. Lease Ends 5/1/24.3) Avis Budget Rental – 4,500 Square Feet.2,545.67/Month + NNN. Lease Ends 7/31/25.

Basic Details
Property Type : Commercial Sale
Listing Type : Sale
Listing ID : GNR540806
Price : $2,000,000
Square Footage : 20,250 Sqft
Year Built : 1991
Lot Area : 101,930 Acre
Status : Active
Acres : 2.34
Property Sub Type : Retail
Address Map
Country : US
State : IN
County : Lake
City : Merrillville
Street : 81st
Street Number : 1790
Street Suffix : Avenue
Postal Code : 46410
Floor Number : 0
Longitude : W88° 38' 31.8''
Latitude : N41° 28' 19.3''
Street Dir Prefix : W
MLS Addon
Office Name : Realty Executives Premier
Directions : Head West on US-30 from I-65 Interchange. Property
ExteriorFeatures : Other, Block
List Agent Full Name : Alexander
List Agent MLSID : GNR13822
List Office MLSID : GNR1830
Parcel Number : 451220277008000030
ParkingFeatures : Assigned
ListAgentLastName : Nickla
Annual Tax Amount : $22,932
Lot Dimensions : 415 x 350
HOA/POA-Annual Amt. : $0
HOA/POA-Monthly Amt. : $0
Status : Active
PhotosChangeTimestamp : 09/11/2023 22:31:15
CloseDate : 01/01/1800
Commercial Sale Sale
  • Listing ID : GNR540806
  • Square Footage : 20,250 Sqft
$2,000,000
Agent info
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