1550 S Woodland Ave
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1550 S Woodland Ave
5,000 SF Office Building Michigan City, IN 46360 $1,840,193 ($368/SF) 6.32% Cap Rate
Executive Summary
This is a NNN lease with Illinois Dermatology Institute. IDI is a team of board-certified dermatologists and skincare professionals who have served the Chicago, Northern Illinois, and Indiana areas for over 35 years. With seventeen locations throughout the region, we treat a wide array of common to complex skin, nail, and hair conditions for patients of all ages and lifestyle backgrounds.
We offer the most state-of-the-art treatment for skin cancer patients, including Mohs Surgery and Superficial Radiation Therapy for patients diagnosed with non-melanoma skin cancers. We pride ourselves on providing our patients with the most advanced treatment options to reduce the look of scars, birthmarks, moles, and thinning hair while boosting their confidence and overall health.
We offer the most state-of-the-art treatment for skin cancer patients, including Mohs Surgery and Superficial Radiation Therapy for patients diagnosed with non-melanoma skin cancers. We pride ourselves on providing our patients with the most advanced treatment options to reduce the look of scars, birthmarks, moles, and thinning hair while boosting their confidence and overall health.
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
5,000 SF
Building Class
C
Year Built
1974
Price
$1,840,193
Price Per SF
$368
Cap Rate
6.32%
NOI
$116,223
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,000 SF
Building FAR
0.16
Lot Size
0.74 AC
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PROPERTY TAXES
| Parcel Number | 46-05-03-151-018.000-009 | Improvements Assessment | $96,900 |
| Land Assessment | $19,200 | Total Assessment | $116,100 |
PROPERTY TAXES
Parcel Number
46-05-03-151-018.000-009
Land Assessment
$19,200
Improvements Assessment
$96,900
Total Assessment
$116,100
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1550 S Woodland Ave
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