Property Listing No Longer Available for Sale

281 W. 80th Place, Merrillville, IN

Retail for Sale - $230,000 - 2,300 Sq. Ft.


Property Info

CIMLS#964271
Location
  281 W. 80th Place
  Merrillville IN 46410
UpdatedApril 26th, 2021
TypeRetail
Price$230,000
Building2,300 Sq. Ft.

Property Description

Well-built frame and brick freestanding commercial condominium building in Federal Park built in 1994. There are 2,300 SF on the 1st floor and 700 SF on the Mezzanine. The 1st floor consists of a large open concept area accommodating seating for 50, kitchen area, small bar, and two bathrooms. The mezzanine consists of open area currently used for larger groups up to 40 and catered events. New roof in 2008. 2019 pay 2020 taxes are $5,687.30. Cafe Fondue will vacate with sale of property. Sale includes all FFE and 2 way beer/wine liquor license. Federal Park POA CAM is $375.00/month ($1.96/SF). See attached information on The Farm at Crossroads Commons. This is the proposed new 40 acre mixed use development to be located in the former Radisson/Holiday Star location.

Nice commercial condominium space located 1 block west of Broadway (S.R. 53) on the south side of East 80th Place between Broadway and Madison/Merrillville Road. 1/2 mile west of I-65/U.S. Highway 30 interchange. Close proximity to restaurants, hotels and shopping including Staples, Portillo's, Panera Bread, La Carreta, Pepe's, Gino's and Asparagus to name a few. 1 mile west of the 6 million SF retail trade area surrounding Southlake Mall. Merrillville is the largest town in Indiana, with the third-lowest tax rate in Lake County. 2 blocks west of the Future Farm at Crossroads Commons, White Lodgings new $350 million development in the former Radisson/Star Theatre location.


Financials



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