6111 Harrison Street, Merrillville, IN 46410

$4,950,000
66,223
SqFt

Property Description

At 98.5% occupied this 3story Professional Center has 55,733SF of rentable space and is home to a great cast of local businesses with a majority being in the health and social services industry making for a strong & essential tenant list. Current owner has undergone major renovations in 2020 with new asphalt and striping/sealing the the 249 space parking area and continued system and elevator upgrades through 2021 and a prior noted 1.8Million in tenant space and system improvements since 2001 according to records. Zoned C2 Community Commercial District the 2021 Net Operating Income boasted $383,191.00 in revenue boasting a 7.9986% ROI at the current offering as well those expenses include a generous payroll and on site professional management staff and maintenance crew. A Full 2021 P&L is online for review and prior 3 years showing the uptick on market trends and rents for 2018,2019 and 2020 show the dramatic increase from 2015,2016, & 2017 that are available upon request.

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Listing courtesy of Schupp Real Estate.

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