2904 45th St
4,144 SF Retail Building Highland, IN 46322 $699,000 ($168.68/SF)
INVESTMENT HIGHLIGHTS
- Many Capital Improvements Since 2018!
- Apartments (Leased) on 2nd Floor
- Low Taxes!
EXECUTIVE SUMMARY
ESTABLISHED Sit-Down Family Restaurant & Lounge w/ strong sales &
major capital improvements completed since 2018. The property also
features 1 LARGE, 2-bed, 2-bath apartment on the 2nd oor (Leased). Real
Estate and Business included. Recent improvements include: Roof (2021),
HVAC (2020 & 2022), Boiler rebuilt (2020), Kitchen Equipment (2019-2021),
Water Heater (2021). 38 Parking Paces. Parking Lot in Excellent condition.
Low Taxes ($5,011/yr). Call Broker for more details.
major capital improvements completed since 2018. The property also
features 1 LARGE, 2-bed, 2-bath apartment on the 2nd oor (Leased). Real
Estate and Business included. Recent improvements include: Roof (2021),
HVAC (2020 & 2022), Boiler rebuilt (2020), Kitchen Equipment (2019-2021),
Water Heater (2021). 38 Parking Paces. Parking Lot in Excellent condition.
Low Taxes ($5,011/yr). Call Broker for more details.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
4,144 SF
Building Class
B
Year Built
1947
Price
$699,000
Price Per SF
$168.68
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
0.54 AC
Zoning
Commercial
Parking
38 Spaces (9.17 Spaces per 1,000 SF Leased)
Frontage
80’ on 45th Street
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 45-07-33-203-005.000-026 | Improvements Assessment | $89,000 |
| Land Assessment | $99,900 | Total Assessment | $188,900 |
