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1550 S Woodland Ave 5,000 SF Office Building Michigan City, IN 46360 $2,434,765 CAD ($486.95 CAD/SF) 6.60% Cap Rate

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EXECUTIVE SUMMARY

This is a NNN lease with Illinois Dermatology Institute. IDI is a team of board-certified dermatologists and skincare professionals who have served the Chicago, Northern Illinois, and Indiana areas for over 35 years. With seventeen locations throughout the region, we treat a wide array of common to complex skin, nail, and hair conditions for patients of all ages and lifestyle backgrounds.
We offer the most state-of-the-art treatment for skin cancer patients, including Mohs Surgery and Superficial Radiation Therapy for patients diagnosed with non-melanoma skin cancers. We pride ourselves on providing our patients with the most advanced treatment options to reduce the look of scars, birthmarks, moles, and thinning hair while boosting their confidence and overall health.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
5,000 SF
Building Class
C
Year Built
1974
Price
$2,434,765 CAD
Price Per SF
$486.95 CAD
Cap Rate
6.60%
NOI
$160,781 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
5,000 SF
Building FAR
0.16
Lot Size
0.74 AC

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • IDI
  • Health Care and Social Assistance
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
IDI Health Care and Social Assistance 99,999 SF $9.99 Lorem Ipsum Jan 0000

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
46-05-03-151-018.000-009
Land Assessment
$27,062 CAD
Improvements Assessment
$123,189 CAD
Total Assessment
$150,252 CAD
  • Listing ID: 33836893

  • Date on Market: 2024-11-12

  • Last Updated:

  • Address: 1550 S Woodland Ave, Michigan City, IN 46360

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