retail for sale or lease exciting opportunity - 43,910 …€¦ · • ideal for retail, light...

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1101 N. Indiana Ave., Syracuse, IN 46567 Ideal for retail, light industrial or boat storage Population peaks during the the 7 month lake season to over 40,000 Close proximity to Lake Wawasee and Syracuse Lake Renovated in 2012 Sale price: $1,300,000/Lease rate: $4.00/sf RETAIL FOR SALE OR LEASE EXCITING OPPORTUNITY - 43,910 SF NEAR LAKE WAWASEE EVAN RUBIN BRIAN BEAN Broker Associate Broker Associate [email protected] [email protected] 260.422.8474 260.422.8474 444 E. MAIN STREET, SUITE 203, FORT WAYNE, IN 46802 • WWW.ZACHERCO.COM INDUSTRIAL, OFFICE, RETAIL, LAND, BROKERAGE SERVICES, TENANT/LANDLORD REPRESENTATION, SITE SEARCH AND SELECTION, VALUATION AND APPRAISAL, PROPERTY MANAGEMENT

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  • 1101 N. Indiana Ave., Syracuse, IN 46567

    • Ideal for retail, light industrial or boat storage

    • Population peaks during the the 7 month lakeseason to over 40,000

    • Close proximity to Lake Wawasee andSyracuse Lake

    • Renovated in 2012

    • Sale price: $1,300,000/Lease rate: $4.00/sf

    RETAIL FOR SALE OR LEASE

    EXCITING OPPORTUNITY -43,910 SF NEAR LAKE WAWASEE

    EVAN RUBIN BRIAN BEANBroker Associate Broker Associate

    [email protected] [email protected] 260.422.8474

    444 E. MAIN STREET, SUITE 203, FORT WAYNE, IN 46802 • WWW.ZACHERCO.COMINDUSTRIAL, OFFICE, RETAIL, LAND, BROKERAGE SERVICES, TENANT/LANDLORD REPRESENTATION, SITE SEARCH AND SELECTION, VALUATION AND APPRAISAL, PROPERTY MANAGEMENT

  • 4 3 , 9 1 0 S Q . F T. R E TA I L B U I L D I N G

    PROPERTY INFORMATION

    2

    EVAN RUBIN BRIAN BEANBroker Associate Broker Associate

    [email protected] [email protected] 260.422.8474

    The information contained herein was obtained from sources we consider to be reliable. We cannot be responsible, however, for errors, omissions, prior sale, withdrawal from the market or change in price. We make norepresentation as to the environmental or structural condition of the property and recommend independent investigation by all parties. March 27, 2019

    PRICE/AVAILABILITY

    Sale Price $1,300,000.00

    Sale Price/SF $29.61

    Lease Price/SF $4.00

    Base Rent $14,637/mo.

    Lease Type Deal Specific

    Availability June 1, 2019

    FINANCIAL RESPONSIBILITIES

    Utilities TBD

    Property Taxes TBD

    Property Insurance TBD

    Common Area Maintenance TBD

    Non Structural Maintenance TBD

    Roof & Structure TBD

    UTILITIES

    Electric Supplier NIPSCO

    Natural Gas Source NIPSCO

    Water & Sewer City of Syracuse

    OPERATING COSTS

    Cost (SF)

    Taxes $0.55

    Insurance TBD

    CAM TBD

    PARKING/TRANSPORTATION

    Parking Lot/Spaces Asphalt/163

    Major Road Nearest Site Indiana Ave./IN 13

    Traffic Count 7,160 vpd - Indiana Ave./IN 13

    BUILDING LOCATION/ZONING/SIZE

    Street Address 1101 N. Indiana Ave.

    City, State, Zip Syracuse, IN 46567

    County/Township Kosciusko/Turkey Creek

    City Limits Inside

    Zoning Commercial

    Total Building Size 43,910 SF

    BUILDING DATA

    Condition Good

    Date of Construction/Renovation 1988/2012

    Type of Construction Block

    Ceiling Height: 16' Clear Ceiling Height

    13' Drop Ceiling Height

    Bay Spacing 35' x 39'

    Drive-in Doors 2

    Number of Stories 1

    Heat/Air Conditioning Gas Forced/Central

    POPULATION DEMOGRAPHICS

    1 Mile 2,015

    3 Miles 6,016

    5 Miles* 11,490

    *During lake season Over 40,000

    PROPERTY TAXES

    Parcel Number 43-04-06-100-046.000-026

    Assessment: Land $320,300

    Improvements $982,900

    Total Assessment $1,303,200

    Annual Taxes $24,069.98 ($0.55/sf)

    Tax Year 2017 payable 2018

  • 3

    EVAN RUBIN BRIAN BEANBroker Associate Broker Associate

    [email protected] [email protected] 260.422.8474

    The information contained herein was obtained from sources we consider to be reliable. We cannot be responsible, however, for errors, omissions, prior sale, withdrawal from the market or change in price. We make norepresentation as to the environmental or structural condition of the property and recommend independent investigation by all parties. March 27, 2019

    4 3 , 9 1 0 S Q . F T. R E TA I L B U I L D I N G

    FLOOR PLAN

  • 4

    EVAN RUBIN BRIAN BEANBroker Associate Broker Associate

    [email protected] [email protected] 260.422.8474

    The information contained herein was obtained from sources we consider to be reliable. We cannot be responsible, however, for errors, omissions, prior sale, withdrawal from the market or change in price. We make norepresentation as to the environmental or structural condition of the property and recommend independent investigation by all parties. March 27, 2019

    4 3 , 9 1 0 S Q . F T. R E TA I L B U I L D I N G

    ADDITIONAL PHOTOS

  • 5

    EVAN RUBIN BRIAN BEANBroker Associate Broker Associate

    [email protected] [email protected] 260.422.8474

    The information contained herein was obtained from sources we consider to be reliable. We cannot be responsible, however, for errors, omissions, prior sale, withdrawal from the market or change in price. We make norepresentation as to the environmental or structural condition of the property and recommend independent investigation by all parties. March 27, 2019

    4 3 , 9 1 0 S Q . F T. R E TA I L B U I L D I N G

    ADDITIONAL PHOTOS

  • 6

    EVAN RUBIN BRIAN BEANBroker Associate Broker Associate

    [email protected] [email protected] 260.422.8474

    The information contained herein was obtained from sources we consider to be reliable. We cannot be responsible, however, for errors, omissions, prior sale, withdrawal from the market or change in price. We make norepresentation as to the environmental or structural condition of the property and recommend independent investigation by all parties. March 27, 2019

    4 3 , 9 1 0 S Q . F T. R E TA I L B U I L D I N G

    LOCATION MAPS

  • 7

    EVAN RUBIN BRIAN BEANBroker Associate Broker Associate

    [email protected] [email protected] 260.422.8474

    The information contained herein was obtained from sources we consider to be reliable. We cannot be responsible, however, for errors, omissions, prior sale, withdrawal from the market or change in price. We make norepresentation as to the environmental or structural condition of the property and recommend independent investigation by all parties. March 27, 2019

    POPULATION 1 MILE 3 MILES 5 MILES

    Total population 2,015 6,016 11,490

    Median age 40.3 41.2 41.3

    Median age (Male) 39.2 39.9 40.3

    Median age (Female) 41.6 42.6 42.4

    HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES

    Total households 769 2,401 4,479

    # of persons per HH 2.62 2.50 2.56

    Average HH income $78,566 $80,741 $80,567

    Average house value $280,066 $286,423 $268,192

    * Demographic data derived from 2010 US Census

    4 3 , 9 1 0 S Q . F T. R E TA I L B U I L D I N G

    DEMOGRAPHICS MAP & REPORT