505 Grant Ave | Chesterton, IN 46304
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- LoopNet Team
505 Grant Ave
Chesterton, IN 46304
Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- Approximately 17,750-Square-Foot Multi-Tenant Flex Warehousing Facility Situated on 1.63 Acres of Land
- Value-Add Opportunity: Immediate Upside with 37/54 Self-Storage Units Currently Rented
- Favorable Business Conditions: No. 1 State to Start a Business in 2023 (Forbes)
- 54 Self-Storage Units Totaling +/- 4,888-Square-Feet Reside on the East End of the Property
- High Barrier-to-Entry Market: 2.4% Vacancy and 2.8% Rent Growth (CoStar)
- Situated 1.3 Miles from State Road 49 with Access to both I-94 (1.5 Miles) and I-90 (3 Miles)
PROPERTY FACTS
| Property Type | Industrial | Rentable Building Area | 16,091 SF |
| Property Subtype | No. Stories | 1 | |
| Building Class | C | Year Built | 1918 |
| Lot Size | 1.63 AC | Clear Ceiling Height | 22’ |
| Zoning | I-1 - Light Industrial | ||
| Property Type | Industrial |
| Property Subtype | |
| Building Class | C |
| Lot Size | 1.63 AC |
| Rentable Building Area | 16,091 SF |
| No. Stories | 1 |
| Year Built | 1918 |
| Clear Ceiling Height | 22’ |
| Zoning | I-1 - Light Industrial |
PROPERTY TAXES
| Parcel Number | 64-03-36-328-004.000-023 | Improvements Assessment | $196,700 |
| Land Assessment | $104,100 | Total Assessment | $300,800 |
PROPERTY TAXES
Parcel Number
64-03-36-328-004.000-023
Land Assessment
$104,100
Improvements Assessment
$196,700
Total Assessment
$300,800
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