5920 Waite St - Churches FOR SALE


Merrillville, IN 46410
$995,000 USD
219-210-2493
5920 Waite St, Merrillville, IN for Sale
$995,000 USD
Churches - FOR SALE
1/35
null | Request Cap Rate

5920 Waite St
Merrillville, IN 46410


HIGHLIGHTS

  • Land size is 20.25 AC
  • Surplus land invites future development opportunity
  • Includes 20.25 AC of land, Church, offices and separate Single family residence for church members totaling 12,731 SF
  • Quiet neighborhood ideal for expanding church, educational, child/adult care, community center, social programming, non-profit, or office organization
  • Situated on 20.25 level acres entering along Waite St, and on the Eastern side 639 feet frontage into Hendrick St.
  • Ample parking (and drop-off turning circle) with 80 spaces.

OVERVIEW

Church with Ancillary Space. Includes on-site Single Family Residence. Surrounded by 20.25 acres of land, zoned R2; development opportunity for housing and growing businesses. Church: Single-story building with open entrance area, glass panel doors leading into the church, stepped alter, wood 15’ ceiling and pews seat 150. Overhead lights (fluorescent and incandescent) fans, stain glass windows, fully carpeted throughout. Religious artefacts will be removed from property following sale. Through the entrance hall, are several offices, conference rooms and a fellowship hall, kitchen, serving space and storage rooms. Separate entrance for the hall. 2 garages at the rear. Single level building with ADA access. -11,311 SF of church and buildings -Sanctuary (150 occupancies), 5 offices and 1 conference room -Multi-purpose fellowship/banquet with commercial kitchen -HVAC -Alarmed Security System -2 detached garages -80-space lined parking lot Single Family Residence: Open plan layout. Appliance-equipped kitchen and open plan lounge with working fireplace, glass door to 3-season porch. 3 bedrooms, 2.5 bath. Single car garage connected to house with access to fenced yard and porch. -1,420 SF -Kitchen and open plan lounge -3 bedrooms -2.5 baths -Porch and fenced yard -Single car garage

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$78 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Churches

ADD'L SUBTYPES

Lodge/Meeting Hall

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

118

LAND DETAILS

LAND ACRES

21.54 AC

LAND SF

938,174 SF

ZONING

R2

APN/PARCEL ID

45-12-06-476-001.000-030

ASK ABOUT THIS PROPERTY

Brian ColemanColdwell Banker Commercial Real Estate GroupMore Info
219-210-2493

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Brian ColemanColdwell Banker Commercial Real Estate GroupMore Info
219-210-2493

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.