Edward Jones | 717 Michigan Ave
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Edward Jones 717 Michigan Ave
20,868 SF Vacant Office Building La Porte, IN 46350 $725,000 ($35/SF)
Investment Highlights
- The property's unique location in heart of the historic downtown qualifies it for the Urban Enterprise Grant Program.
- The multi-tenant building has a solid rent base with several long term tenants.
- Third floor could also be converted to multi-residential apartments.
- Easily accessible to several major highways, including immediate access to Hwy 35/39 and State Hwy 2.
- First two floors are fully leased with the third floor available for an owner occupier who desires rental income.
- The property has access to a large parking lot which is rare for a downtown property.
Executive Summary
-The property is located in heart of the historic downtown of LaPorte. It's unique location qualifies it for the Urban Enterprise Grant Program.
-Easily accessible to several major highways, including immediate access to Hwy 35/39 and State Hwy 2.
-LaPorte is on the periphery of the double track South Shore train project helping to make LaPorte county a reachable commute to Chicago by rail.
-The multi-tenant building has a solid rent base with several long term tenants.
-First two floors are fully leased with the third floor available for an owner occupier who desires rental income.
-Third floor could also be converted to multi-residential apartments.
-The property has access to a large parking lot which is rare for a downtown property.
-Elevator Access to all floors.
-Easily accessible to several major highways, including immediate access to Hwy 35/39 and State Hwy 2.
-LaPorte is on the periphery of the double track South Shore train project helping to make LaPorte county a reachable commute to Chicago by rail.
-The multi-tenant building has a solid rent base with several long term tenants.
-First two floors are fully leased with the third floor available for an owner occupier who desires rental income.
-Third floor could also be converted to multi-residential apartments.
-The property has access to a large parking lot which is rare for a downtown property.
-Elevator Access to all floors.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
20,868 SF
Building Class
C
Year Built
1889
Price
$725,000
Price Per SF
$35
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
6,956 SF
Building FAR
2.98
Lot Size
0.16 AC
Zoning
CBD-1 - Downtown Core
Amenities
- 24 Hour Access
- Direct Elevator Exposure
- Air Conditioning
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Walk Score ®
Very Walkable (85)
Bike Score ®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Number | 46-06-35-439-012.000-043 | Improvements Assessment | $212,300 |
| Land Assessment | $30,900 | Total Assessment | $243,200 |
PROPERTY TAXES
Parcel Number
46-06-35-439-012.000-043
Land Assessment
$30,900
Improvements Assessment
$212,300
Total Assessment
$243,200
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Edward Jones | 717 Michigan Ave
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