executive summary...lot plan for sale | land south ridge park lots 4400 e 88th drive, merrillville,...
TRANSCRIPT
All information furnished is from sources deemed reliable and is subjected to errors, omissions, change of other terms and conditions, prior sale, lease or financing or withdrawn without notice. Page 1
For Information Contact: David Lasser, SIOR/CCIM 219-796-3935 [email protected]
COMMERCIAL IN-SITES • 1100 WEST U.S. HIGHWAY 30 • MERRILLVILLE, IN 46410 • 219-795-1100 • www.commercialin-sites.com
OFFERING SUMMARYSale Price: $68,000/ac
Price / SF: $0.15
Price / Acre: $68,000
Lot Size: 10.39 Acres
Zoning: M-1/M-2
Taxes: $564.32
Frontage: 89th/Harms Rd
Utilities: All
Topography: Developed
PROPERTY OVERVIEWProperty has many development possibilities. Present zoning is M1/M2 lightindustrial. Mississippi Street was recently widened to four lanes with stop lightintersection in 2016. 8 lot Industrial Park Subdivision with 4 fully improved availablelots. Lot pricing is based on $68,000 per acre net of drainage areas. See attachedPDF on Why Indiana! IEDC State marketing for all the great reasons to consider themove or expansion to this property. 2018 pay 2019 taxes total $564.32.
LOCATION OVERVIEW1 mile southeast of the I-65 and U.S. 30 interchange. I-65 to U.S. 30 east 1 block toMississippi Street then south 3/4 mile to 89th Avenue (aka Harms Road) then eastto entrance of park. Southlake Mall is less than 1 mile to the north. Great access toregional highways of I-65, I-80/94 and I-90. 12 miles east of Illinois state line.Merrillville is the largest town in Indiana, with the third-lowest tax rate in LakeCounty.
EXECUTIVE SUMMARY
FOR SALE | LANDSouth Ridge Park Lots
4400 E 88th Drive, Merrillville, IN 46410
All information furnished is from sources deemed reliable and is subjected to errors, omissions, change of other terms and conditions, prior sale, lease or financing or withdrawn without notice. Page 2
For Information Contact: David Lasser, SIOR/CCIM 219-796-3935 [email protected]
COMMERCIAL IN-SITES • 1100 WEST U.S. HIGHWAY 30 • MERRILLVILLE, IN 46410 • 219-795-1100 • www.commercialin-sites.com
# OF LOTS | 4 TOTAL LOT SIZE | 3.09 - 4.1 Acres TOTAL LOT PRICE | $210,120 - 278,000 BEST USE | -
STATUS LOT # SUB-TYPE SIZE PRICEAvailable 2 Industrial 4.1 Acres $278,000
Available 6 Industrial 3.09 Acres $210,120
Available 7 Industrial 3.72 Acres $252,960
Available 8 Industrial 3.62 Acres $246,160
LAND LOTS
FOR SALE | LANDSouth Ridge Park Lots
4400 E 88th Drive, Merrillville, IN 46410
All information furnished is from sources deemed reliable and is subjected to errors, omissions, change of other terms and conditions, prior sale, lease or financing or withdrawn without notice. Page 3
For Information Contact: David Lasser, SIOR/CCIM 219-796-3935 [email protected]
COMMERCIAL IN-SITES • 1100 WEST U.S. HIGHWAY 30 • MERRILLVILLE, IN 46410 • 219-795-1100 • www.commercialin-sites.com
LOT PLAN
FOR SALE | LANDSouth Ridge Park Lots
4400 E 88th Drive, Merrillville, IN 46410
All information furnished is from sources deemed reliable and is subjected to errors, omissions, change of other terms and conditions, prior sale, lease or financing or withdrawn without notice. Page 4
For Information Contact: David Lasser, SIOR/CCIM 219-796-3935 [email protected]
COMMERCIAL IN-SITES • 1100 WEST U.S. HIGHWAY 30 • MERRILLVILLE, IN 46410 • 219-795-1100 • www.commercialin-sites.com
ZONING MAP
FOR SALE | LANDSouth Ridge Park Lots
4400 E 88th Drive, Merrillville, IN 46410
All information furnished is from sources deemed reliable and is subjected to errors, omissions, change of other terms and conditions, prior sale, lease or financing or withdrawn without notice. Page 5
For Information Contact: David Lasser, SIOR/CCIM 219-796-3935 [email protected]
COMMERCIAL IN-SITES • 1100 WEST U.S. HIGHWAY 30 • MERRILLVILLE, IN 46410 • 219-795-1100 • www.commercialin-sites.com
GIS IMAGE
FOR SALE | LANDSouth Ridge Park Lots
4400 E 88th Drive, Merrillville, IN 46410
All information furnished is from sources deemed reliable and is subjected to errors, omissions, change of other terms and conditions, prior sale, lease or financing or withdrawn without notice. Page 6
For Information Contact: David Lasser, SIOR/CCIM 219-796-3935 [email protected]
COMMERCIAL IN-SITES • 1100 WEST U.S. HIGHWAY 30 • MERRILLVILLE, IN 46410 • 219-795-1100 • www.commercialin-sites.com
AERIAL
FOR SALE | LANDSouth Ridge Park Lots
4400 E 88th Drive, Merrillville, IN 46410
All information furnished is from sources deemed reliable and is subjected to errors, omissions, change of other terms and conditions, prior sale, lease or financing or withdrawn without notice. Page 7
For Information Contact: David Lasser, SIOR/CCIM 219-796-3935 [email protected]
COMMERCIAL IN-SITES • 1100 WEST U.S. HIGHWAY 30 • MERRILLVILLE, IN 46410 • 219-795-1100 • www.commercialin-sites.com
RETAILER MAP
FOR SALE | LANDSouth Ridge Park Lots
4400 E 88th Drive, Merrillville, IN 46410
All information furnished is from sources deemed reliable and is subjected to errors, omissions, change of other terms and conditions, prior sale, lease or financing or withdrawn without notice. Page 8
For Information Contact: David Lasser, SIOR/CCIM 219-796-3935 [email protected]
COMMERCIAL IN-SITES • 1100 WEST U.S. HIGHWAY 30 • MERRILLVILLE, IN 46410 • 219-795-1100 • www.commercialin-sites.com
POPULATION 1 MILE 3 MILES 5 MILES
Total population 4,768 50,620 159,556
Median age 38.8 37.7 37.8
Median age (Male) 37.7 35.9 36.0
Median age (Female) 40.7 39.6 39.5
HOUSEHOLDS & INCOME 1 MILE 3 MILES 5 MILES
Total households 1,764 19,101 60,682
# of persons per HH 2.7 2.7 2.6
Average HH income $73,684 $67,113 $63,547
Average house value $185,184 $166,712 $173,171
* Demographic data derived from 2010 US Census
DEMOGRAPHICS MAP
FOR SALE | LANDSouth Ridge Park Lots
4400 E 88th Drive, Merrillville, IN 46410
2019 FACT SHEET
2019 FACT SHEET
FOR MORE INFORMATION PLEASE VISIT ASTATETHATWORKS.COM
TAXES & FACTORS INDIANA Illinois Kentucky Michigan Ohio
Corporate Income Tax Rate (a) 5.75% 9.50% 4-6% 6.0% 0-0.26%
State Apportionment of Corporate Income
Single Sales Factor
Single Sales Factor
Sales, Property, & Payroll with Sales Double-Weighted
Single Sales Factor
Gross Receipts Tax (known as: Commercial Activity Tax)
Individual Income Tax Rate (a) 3.23% 4.95% 2% - 6% 4.25% 0% - 4.997%Local Average Individual
Income Tax Rate (a) 1.56% NONE 2.08% 1.70% 2.25%
Local Average & Sales Tax Rate 7.00% 6.25% 6.00% 6.00% 5.75%Unemployment Insurance Tax
Rate times (x) State Wage Base $237.50 $447.12 $275.40 $243.00 $243.00
Workers' Compensation Premium Rate Index
(Per $100 of Payroll)$1.05 $2.23 $1.52 $1.57 $1.45
Mean Hourly Wage (b) $22.32 $28.08 $21.66 $25.16 $23.35Cost of Living Index 95.2 100.6 93.4 90.6 91.7
Right To Work YES No Yes YES Noa) The eff ective local income tax rate is calculated by taking the mean of the income tax rate in the most populous city and the capital city. (b) QCEW 2017 - Statewide,Total-all industries,Private,All establishment sizes,Average Annual Pay/2080
Source: Tax Foundation (9/2018). Federation of Tax Administrators (State Apportionment of Corporate Income, 1/2018). Oregon Dept. of Consumer & Business Services (Oregon Workers’ Compensation Premium Rate Ranking, 10/2016). Various state unemployment insurance agencies. ADP FastFacts. PayrollTaxes.com. Bureau of Labor Statistics - Quarterly Census of Employment & Wages (9/2018). Emsi 2018.3 (using C2ER Cost of Living data). National Right To Work Legal Defense Foundation. Area Development (9/2018). Chief Executive (5/2018). CNBC (7/2018). Forbes (11/2017). US News (2/2018). S&P Global Rating (4/2018). NASBO - The Fiscal Survey of States (12/2017).