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2400 Clark Rd 20,575 SF 100% Leased Office Building Gary, IN 46404 $1,200,000 ($58.32/SF)



Investment Highlights
- Well below Replacement Cost
- Newer Roof, HVAC, and other mechanicals
- Strategic location in Gary, IN
- 20,572 SF Office building
- Built in 1997, renovated in 2004
Executive Summary
This extremely low price/sf of only $58/SF the building is an exceptional opportunity in Gary, IN. This 20,572 SF office building, utilized as a Rapid Access Center Crisis Intervention and Detox center, holds potential for repurposing or continued use as a specialized facility. Constructed in 1997 and renovated in 2004, this property offers an open layout with 23 bedrooms, classrooms, modern kitchen with a walk-in cooler and freezer, dining areas, as well as many offices, nurse stations, open areas, and laundry rooms. This is a convenient location just 2 minutes from the Burr St./I-80-94 intersection in the City of Gary. With its history of providing vital community services, this building is well-suited for organizations seeking a purpose-driven space to make a positive impact.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
20,575 SF
Building Class
C
Year Built/Renovated
1997/2004
Price
$1,200,000
Price Per SF
$58.32
Percent Leased
100%
Building Height
1 Story
Typical Floor Size
20,575 SF
Building FAR
0.29
Lot Size
1.64 AC
Property Taxes
| Parcel Number | 45-07-13-279-002.000-003 | Improvements Assessment | $917,900 |
| Land Assessment | $218,400 | Total Assessment | $1,136,300 |
Property Taxes
Parcel Number
45-07-13-279-002.000-003
Land Assessment
$218,400
Improvements Assessment
$917,900
Total Assessment
$1,136,300
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2400 Clark Rd
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