10202 W. 400 N.
Michigan City, IN 46360

Property Type: Office for Sale (or Lease)

Sale Price: $650,000

Unit Price: $9.50 Per SF

Property Status: Existing

Class of Space: Class B

Building Size (RSF): 8,400 SF

Total Land Size: 2 Acres

Sale Terms: Cash to Seller

Zoning: Business

Features: Site is approximately two acres some of which is improved with a paved 72 car parking area. Remaining land area is unimproved. The majority of the site is zoned County General Business. The building is 7,500 square feet of finished office space with an additional attached 900 square feet of finished garage (now computer and telecommunication area).

There is approximately seventeen tons of HVAC capacity in two units servicing the structure and a four ton unit allocated for the computer room located within the garage (scheduled to be removed). Commercial Investment Transactions, Inc. has been advised that there is 400 amp, 120/208, 3 phase at the building, along with another 200 amp service, power supplied by Northern Indiana Puplic Service Company (NIPSCO). Michigan City supplies the water and sewer services

LaPorte County is in the process of expanding the present two lane 400 North configuration to four lanes. Expansion is scheduled to begin during the 2007 building season.

Owership will consider lease, sale or a combination of both. Basic net lease rate under consideration is $9.50 per square foot; this lease rate will deliver a vanilla box to a financially qualified user under terms and conditions acceptable to owner. Annual Real Estate Taxes are approx. $9,500.00 dollars.

The facility is now available.

It is our opinion that this property is strategecally located for the delivery of medical services as evidenced by the adjoining users.

Real Estate Broker:
Garry Blumenfeld
Commercial Investment Transactions
219-879-7985 [Office]
219-879-8064 [Fax]

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