McCasland Plaza 5957-5991 Mccasland Ave 8,000 SF 100% Leased Retail Building Portage, IN 46368 $728,000 ($91/SF)
EXECUTIVE SUMMARY
6 unit office/retail building with facade upgrade and 80% new roof. Two units have leases into 2027, one into 2028, one just signed a new 1 year lease and one expires in May of 2025. The unit available in May is 1,200 sf and is nicely decorated with 3 individual offices, kitchenette and washroom. Dedicated off street parking located 750' south of Indiana Toll Road exit at Willowcreek.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
8,000 SF
Building Class
C
Year Built
1961
Price
$728,000
Price Per SF
$91
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
0.77 AC
Zoning
OC - Office Commercial
Parking
46 Spaces (5.75 Spaces per 1,000 SF Leased)
Frontage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 64-05-11-481-015.000-016 | Improvements Assessment | $178,800 (2023) |
| Land Assessment | $62,600 (2023) | Total Assessment | $241,400 (2023) |
