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1500 W 37th Ave
Hobart, IN 46342
Retail Property For Sale
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,400 SF
Building Class
C
Year Built/Renovated
1985/2008
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.57 AC
Zoning
C3 - Commercial
Parking
18 Spaces (7.5 Spaces per 1,000 SF Leased)
Frontage
Amenities
- 24 Hour Access
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Wheelchair Accessible
- Accent Lighting
- Air Conditioning
About 1500 W 37TH AVE , HOBART, IN 46342
Latitude Commercial Realty is pleased to present for sale a free-standing Enterprise Rent-a-Car located in Hobart, Indiana. Enterprise originally signed a 5-year lease in 2008 and is currently on their 3rd option period, with two options remaining of 3-years each and a 6% bump in Gross rent at the start of each option. The subject property is a corporate guarantee from Enterprise and the property also includes a billboard with rental income of $1,425/ year. The property is located within minutes to I-65 with convenient access to Chicago and Indianapolis. The tenant is responsible for snow removal and landscaping and the lease also includes a 90 day termination clause. Priced to sell with a below-market rent!
Property Taxes
| Parcel Number | 45-08-24-482-023.000-020 | Improvements Assessment | $191,900 |
| Land Assessment | $12,800 | Total Assessment | $204,700 |
Property Taxes
Parcel Number
45-08-24-482-023.000-020
Land Assessment
$12,800
Improvements Assessment
$191,900
Total Assessment
$204,700
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