Property Listing No Longer Available for Sale

Confidential, East Chicago, IN

Industrial for Sale - 162,200 Sq. Ft. on 10.57 acres


Property Info

CIMLS#963602
Location
  Confidential
  East Chicago IN 46312
UpdatedApril 2nd, 2018
TypeIndustrial
PriceUpon Request
Building162,200 Sq. Ft.
Land10.57 acres

Property Description

Value-Add Investment opportunity available in East Chicago, IN. This heavy industrial building is located strategically 25 miles from downtown Chicago and has rail service. 5 tenants currently occupy the building and have a long history in the building. 8 cranes throughout as well as multiple drive-in bays sitting on nearly 11 acres of fenced in yard. Individual Professional Offices suites and kitchen/breakroom included in lease. Additional value to add through leasing of 25,000 SF vacant unit.

Location Description:

Heavy Industrial building located in East Chicago, IN. East Chicago is a city in Lake County, Indiana with a population of roughly 30,000 at the 2010 census. The city is located strategically 25 miles from downtown Chicago and is home to ArcelorMittal's Indiana Harbor Works, which is the largest steel mill in the USA. The Indiana Harbor and Ship Canal complex is also located within the city limits and located within close proximity to this location. Just a short 5 minute drive to the Cline Ave & 312 interchange provides quick access to other northwest Indiana locations and a short 20 minute drive to Downtown Chicago.

Highlights:

>> Heavy Industrial Building located in East Chicago, IN

>> Located roughly 25 miles from downtown Chicago

>> Currently occupied by 5 tenants

>> Steady Income stream for an Investor

>> Low Indiana Taxes

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** This property also has spaces available for lease.


Financials