executive summary - loopnet · america’s top states for business • no. 2 workers comp premium...

All information furnished is from sources deemed reliable and is subjected to errors, omissions, change of other terms and conditions, prior sale, lease or financing or withdrawn without notice.

For Information Contact: David Lasser, SIOR/CCIM 219-796-3935 [email protected]

COMMERCIAL IN-SITES • 1100 WEST U.S. HIGHWAY 30 • MERRILLVILLE, IN 46410 • 219-795-1100 • www.commercialin-sites.com

OFFERING SUMMARYLease Rate: $7.50 /SF/yr

Available SF: 56,000 SF

Min/Max SF: 8,000 - 32,000 SF8,000 - 56,000 SF

Lease Type: Triple Net

Expenses: $1.50/SF

Building Size: 64,000 SF

Lot Size: 8.61 Acres

Parking: 74 spaces

Zoning: M-1

PROPERTY OVERVIEWMulti-tenant flex building accommodating up to 8 individual tenants. One drive-in door anddock door per 8,000 SF tenant. Municipal city water and sewer utilities. 24' clear ceilings.1200 AMP 120/208 main service with 200 AMP tenant panels. 74 car parking spaces.Triple net expenses are estimated at $1.50/SF. $7.50 base rent includes 10% office.

LOCATION OVERVIEWLocated on Cleveland Avenue 1/2 block south of US-20, 1/2 mile east of US-421, and justover 5 miles north of I-94. Located near many restaurants, hotels, and retail. The U.S. 421corridor is one of NW Indiana' s hottest development areas. This building is near manynewer stores including Kohl's, Walmart, Meijer, Menard's, Lowe's, Culver's, Bob Evans,Office Max, Panera, AMC 14 Theatre, hotels and more! Lighthouse Mall is less than twomiles north. Blue Chip Casino is less than three miles north.

EXECUTIVE SUMMARY

FOR LEASE | INDUSTRIAL PROPERTYThe Haskell Building

6101 Cleveland Ave, Michigan City, IN 46360




FLOOR PLANS






Interior Space Exterior

Exterior docks Exterior docks

ADDITIONAL PHOTOS






LOCATION MAPS






POPULATION 1 MILE 3 MILES 5 MILES

Total population 4,692 36,051 51,379

Median age 49.7 39.5 39.8

Median age (Male) 44.6 37.4 38.0

Median age (Female) 51.9 39.7 39.9

HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

Total households 1,910 14,237 19,947

# of persons per HH 2.5 2.5 2.6

Average HH income $52,670 $47,430 $51,795

Average house value $91,120 $106,494 $140,580

* Demographic data derived from 2010 US Census

DEMOGRAPHICS MAP



Why Indiana• Regulatory environment ranked No. 1 in the nation in a study by The Pacific Research Institute• Cost of doing business rated No. 2 in the nation according to CNBC America’s Top States for Business• No. 2 Workers Comp Premium rate in nation ranked by Oregon Dept. of Consumer & Business Services• AAA State Bond rating• Corporate income tax rate is 6% versus Illinois at 9.5%• Personal income tax rate is 3.23% compared to Illinois at 4.95%

Industrial/Flex Space for Lease8,000 - 56,000 SF Available

6101 Cleveland AvenueMichigan City, Indiana

The Haskell Building+/- 64,000 sq. ft. Multi-tenant Flex Building

Building Features

• New, +/- 20 acre industrial park

• Multi-tenant flex building accommodating up to 8 individual tenants• Divisible to 8,000 sq. ft.• Separate entries, drive-in doors and dock doors for every tenant• City provided utilities• Great location with easy access to US-20, US-421 and I-94• Ample area amenities including restaurants, hotels, and retail

CAR

PARK

ING

26 S

TALL

S

MECH. ROOM

Cleveland Avenue

STOREFRONTSTOREFRONTSTOREFRONT STOREFRONT

DRIVE-INDOOR

DRIVE-INDOOR

DRIVE-INDOOR

DRIVE-INDOOR

DOCKDOOR

RECESSEDDOCKAPRON

TRUCK CORRIDOR

100’

400’

160’

PROPERTY LINE

PRO

PERT

Y LI

NE

PRO

PERT

Y LI

NE

BUILDING64,000 SQ. FT.

DRIVE-INDOOR

DRIVE-INDOOR

DOCKDOOR

DOCKDOOR

DOCKDOOR

DOCKDOOR

DOCKDOOR

DOCKDOOR

DOCKDOOR

RECESSEDDOCKAPRON

RECESSEDDOCKAPRON

RECESSEDDOCKAPRON

CAR

PARK

ING

26 S

TALL

S

CAR PARKING76 STALLS

100’100’100’

SUITE

D

LEASE

D

Building SpecificationsSize: +/- 64,000 square feet on +/- 4.0 acre lot

Ceiling Height: 24’ clear

Construction: Insulated precast concrete wall panels with interior steelcolumns for roof and structural stability

Docks: 8 docks and 8 overhead drive-in dock doors

Roof: Single slope roof with metal roof deck, rigid insulation, and standing seam metal roof cladding

Column Width: 50’ x 50’ typical with 50’ x 60’ at docks

Lighting: High e�ciency T5 �uorescent high bay �xtures

Power: 1200 AMP 120/208 main service, 200 AMP tenant panels

HVAC: Gas �red unit heaters

Car Parking: 128 auto spaces

www.commercialin-sites.com

For more information contact:

David A. Lasser, SIOR/CCIMo. 219-795-1100c. 219-796-3935e. [email protected]

Building Plan

2018 FACT SHEET

2018 FACT SHEET

FOR MORE INFORMATION PLEASE VISIT ASTATETHATWORKS.COM

TAXES & FACTORS INDIANA Illinois Kentucky Michigan Ohio

Corporate Income Tax Rate (a) 6.0% 9.50% 4-6% 6.0% 0-0.26%

State Apportionment of Corporate Income

Single Sales Factor

Single Sales Factor

Sales, Property, & Payroll with Sales Double-Weighted

Single Sales Factor

Gross Receipts Tax (known as: Commercial Activity Tax)

Individual Income Tax Rate (a) 3.23% 4.95% 2% - 6% 4.25% 0% - 4.997%Local Average Individual

Income Tax Rate (b) 1.56% NONE 2.08% 1.70% 2.25%

Local Average & Sales Tax Rate 7.00% 6.25% 6.00% 6.00% 5.75%Unemployment Insurance Tax

Rate times (x) State Wage Base $237.50 $447.12 $275.40 $243.00 $243.00

Workers' Compensation Premium Rate Index

(Per $100 of Payroll)$1.05 $2.23 $1.52 $1.57 $1.45

Mean Hourly Wage $21.51 $27.32 $21.13 $24.38 $22.65 Cost of Living Index 96.4 111.8 93.9 96.6 98.7

Right To Work YES No Yes YES No(a) The effective local income tax rate is calculated by taking the mean of the income tax rate in the most populous city and the capital city. (b) QCEW 2016 - Statewide,Total-all industries,Private,All establishment sizes,Average Annual Pay/2080

Source: Tax Foundation (10/2017). Federation of Tax Administrators (State Apportionment of Corporate Income, 1/2017). Oregon Dept. of Consumer & Business Services (Oregon Workers’ Compensation Premium Rate Ranking, 10/2016). Various state unemployment insurance agencies. ADP FastFacts. PayrollTaxes.com. Bureau of Labor Statistics - Quarterly Census of Employment & Wages (9/2017). Emsi 2017.3 (using C2ER Cost of Living data). National Right To Work Legal Defense Foundation. Area Development (9/2017). Chief Executive (5/2017). CNBC (7/2017). Forbes (11/2017). U.S. News (2/2018).

Michigan City-La Porte's pro-business environment has much to offer

businesses and industry. From a skilled labor force to targeted tax incentives,

from educational and training pipelines to competitive market rates— the

area is a central gateway for companies looking to establish community roots

located at the center of a major economic region.

LARGEST 20 PRIVATE EMPLOYERSMICHIGAN CITY-LA PORTE, IN (MSA)

COMPANY NAME INDUSTRY EMPLOYEES

Blue Chip Casino Entertainment 1,800

Franciscan St. Anthony Health Healthcare 1,450

IU Health La Porte Hospital Healthcare 1,199

Wal-Mart Retail 635

Meijer Retail 566

Arconic Power & Propulsion Manufacturing 550

Howmet Manufacturing 500

Alpha Baking Company Food 500

Horizon Bancorp Financial 484

Sullair, LLC Manufacturing 430

A-1 Electrical Service Electrical 400

Physicians Network Healthcare 400

Aero Metals Inc. Manufacturing 400

Hearthside Food Solutions Food 400

New York Blower Company Manufacturing 400

Dwyer Instruments Inc. Manufacturing 350

Tonn & Blank Construction 300

Ryan Thomas Do-Ortho & Spine Healthcare 300

TP Orthodontics, Inc. Medical Equipment 300

NICTD (South Shore Rail) Transportation/Rail 279

EMPLOYMENT & BUSINESS

16TH MOST POPULATED

COUNTY (In Indiana)

53,386

TOTAL EMPLOYEES

5.75%

CORPORATE TAX RATE

4.3%

UNEMPLOYMENT RATE

$45,890 AVERAGE

EARNINGS PER JOB

7.00%

INDIANA SALES TAX

TOP EMPLOYMENT BY INDUSTRIES

Data Source: 2016 DATA USA; STATS.INDIANA.EDU

MANUFACTURING & UTILITIES

23.5%

PROFESSIONAL SERVICES

21.5%

RETAIL &WHOLESALE TRADE

13.4%

HEALTHCARE & SOCIAL SERVICES

13.2%

ARTS &ENTERTAINMENT

11.2%

EDUCATIONAL SERVICES

7%

CONSTRUCTIONSERVICES

5.8%

TRANSPORTATION & WAREHOUSING

4.4%

EDCMC County Profile Brochure-FINAL (Digital).indd 6 9/17/2018 10:51:13 PM

Two Cadence Park PlazaMichigan City, IN 46360

P: 219.873.1211edcmc.com

GLEDCCounty Complex 809 State Street

LaPorte, IN 46350P: 219.324.8584

laportecountyoed.org

The Greater La Porte Economic Development Corp.La Porte, IN 46350

P: 219.324.8584gledc.com

DEVE

LOPMENT

INNO

VATION

OPPO

RTUNITY

All rights reserved.Copyright © 2018

EDUCATION & TRAINING INSTITUTIONS MICHIGAN CITY-LA PORTE, IN (MSA)

UNIVERSITIES• Ancilla College• Bethel College• Indiana University Northwest

• Indiana University of South Bend• Purdue University Northwest (Westville Campus)*

• St. Mary's College• University of Notre Dame• Valparaiso University

CAREER & TECHNICAL TRAINING SCHOOLS

• A.K. Community Career Center* • Ivy Tech Community College (Michigan City Campus)*

HIGH SCHOOLS• LaCrosse City High School• La Lumiere School, Inc. (Private)• La Porte High School

• Marquette Catholic High School (Private)• Michigan City High School

• New Prairie High School• South Central Jr-Sr High School• Westville High School

The Michigan City-La Porte MSA area schools reflect the community's strong support of education with exceptional facilities, state-of-the-art technology

that incorporates innovation, and forward-thinking curriculum taught by top-quality instructors and staff. From private to public educational programs,

the Michigan City-La Porte region offers quality educational programs for all ages and learning stages of life.

*Sch

ool L

ocat

ed in

La Po

rte Co

unty

QUALITY OF LIFE

The Michigan City-La Porte, IN MSA area delivers

on attractions, destinations and activities that

create the ultimate quality of life. The area offers

incredible beaches and plays host to the award-

winning Great Lakes Grand Prix. Visitors can view

over 90 species of animals at the Washington

Park Zoo, or linger in galleries with high-quality

works of art. With downtowns that offer shops,

boutiques, galleries and local arts and crafts,

La Porte County communities are filled with

something for everyone.

Delicious food abounds at many of our local,

award-winning restaurants, breweries and

wineries.

Pick your own locally grown produce at one of the

many generationally-owned orchards, or purchase

goods from the community farmers market's in

the area.

Spend the day roaming acres of woods and trails

at Friendship Botanic Gardens, city or county

parks, and in the evening take in a show at any

of the numerous local theaters. Learn about the

area's fascinating local history at the stunning

LaPorte County Historical Society Museum,

housed in a sprawling modern building and filled

with unique exhibits on weapons from around the

world, vintage cars and Civil war artifacts.

Visit www.michigancitylaporte.com for more

information.

Shady Creek Winery

La Porte County Historical Society

Fox Memorial Park

Great Lakes Grand Prix

Washington Park Zoo

Lubeznik Art Festival

EDCMC County Profile Brochure-FINAL (Digital).indd 8 9/17/2018 10:51:21 PM

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