Description
Attention investors! Modern post & beam constructed office building with four units, all leased with stable tenants and 2+ years remaining on existing leases. Convenient in-town location just one half block east of St Rd 15 and one block south of St Rd 25 (four blocks south of the courthouse). Easy in and out location, horseshoe shaped driveway with newer asphalt parking. Tenants pay all utilities (NIPSCO natural gas & electric, city sewer), private well. Suites 1-3 have GFA heat and central AC, suite 4 is unfinished storage unit with overhead door and hanging unit heater. Suite 1 (west end): $491.48 per month (includes pro-rated portion of taxes and insurance), lease term 3 years, 8-1-2019 thru 8-1-2022. Suites 2 & 3 (middle two units leased by same tenant): $2,041.88 per month (gross combined income for both unites) (includes pro-rated portion of taxes and insurance), lease term 5 years, 8-1-2019 thru 7-31-2024. Suite 4 (east end with overhead door): $150 per month, lease term 4 years 8-1-2019 thru 8-1-2023.
Map
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