For Information Contact: David Lasser, SIOR/CCIM
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1 EXECUTIVE SUMMARY OFFERING SUMMARY Sale Price: $1,900,000 Price / SF: $ Building Size: 6,427 SF Lot Size: 1.55 Acres Zoning: OS-1 Parking: 35 spaces Taxes: $43, Units: 1 Occupancy: Vacant PROPERTY OVERVIEW This is a beautiful well maintained, 6,427 SF masonry, block and brick recently closed bank branch and office building built in The features include: 6 private offices, 4 glass walled cubicles, spacious lobby, customer area, teller area, safe, vault, safety deposit box room, break room, utility/mechanical rooms, and 2 restrooms. Drive up window with 6 tubular served drive thru lanes and an ATM lane. The front entrance area has a clock tower with atrium. Interior walls are modern wood framed, and aluminum framed with glass inserts and the doors are either wood framed with glass insert or solid wood doors. Lighting is mostly fluorescent tubing and some incandescent fixtures. The grounds are surrounded by beautiful landscaping consisting of trees, bushes and grassy areas all supported with an irrigation system. 2 pylon signs with programmable message boards. Interior and exterior security systems. Suitable for another bank branch, or conversion to restaurant, office or retail or redevelopment. Zoned OS-1 (Office Service District). INDOT traffic counts 10,125 cars/day north of 231, 8,237 cars/day west of Broadway (S.R. 53). $1,900,000 (unrestricted) or $1,700,000 (deed restricted prohibiting future banking use.) LOCATION OVERVIEW The 1.55-acre site is situated at the northwest corner of 231 and Broadway (S.R. 53) in Crown Point across from CVS Pharmacy and People s Bank. ½ mile west of I-65/State Road 231 Interchange, 1 ½ mile southwest of the 109th/I-65 interchange and 5 miles south of Route 30. 1/2 mile southwest of the recent proposed Galleria Shopping Center. Less than 2 miles east of The Grand Lake County Courthouse with shopping, dining, banking, entertainment and more. Close to the recently announced $250 million dollar Fountains of Crown Point, initial plans calling for two hotels, a bowling alley, a theater, upscale and fast casual restaurants, a specialty grocery store, residential town homes, and a fire station. Anchoring the development would be a premier outlet mall with 80 to 100 stores. Fountains is being called a landmark shopping, dining, and entertainment destination. 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
2 ADDITIONAL PHOTOS Interior teller windows Interior View of Private Offices and waiting area. Interior 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
3 ADDITIONAL PHOTOS Kitchen area Teller stations Interior waiting area Programmable signage 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
4 ADDITIONAL PHOTOS Drive thru Teller windows Exterior Atrium/Clock tower Digital Sign For Information Contact: David Lasser, SIOR/CCIM 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
5 SITE PLAN 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
6 GIS IMAGE 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
7 LOCATION MAPS For Information Contact: David Lasser, SIOR/CCIM 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
8 RETAILER MAP For Information Contact: David Lasser, SIOR/CCIM 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
9 DEMOGRAPHICS MAP POPULATION 1 MILE 5 MILES 10 MILES Total population 1,475 53, ,586 Median age Median age (Male) Median age (Female) HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES Total households ,736 77,114 # of persons per HH Average HH income $93,988 $80,120 $70,847 Average house value $289,969 $231,033 $203,042 * Demographic data derived from 2010 US Census 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 9
10 2018 FACT SHEET
11 2018 FACT SHEET TAXES & FACTORS INDIANA Illinois Kentucky Michigan Ohio Corporate Income Tax Rate (a) 6.0% 9.50% 4-6% 6.0% % 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% % Local Average Individual Income Tax Rate (b) 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 $ $ $ $ $ Workers' Compensation Premium Rate Index $1.05 $2.23 $1.52 $1.57 $1.45 (Per $100 of Payroll) Mean Hourly Wage $21.51 $27.32 $21.13 $24.38 $22.65 Cost of Living Index Right To Work YES No Yes YES No (a) The effective 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 Statewide,Total-all industries,private,all establishment sizes,average Annual Pay/2080 Source: Tax Foundation (10/2017). Federation of Tax Administrators (State Apportionment of Corporate Income, 1/2017). 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 (9/2017). Emsi (using C2ER Cost of Living data). National Right To Work Legal Defense Foundation. Area Development (9/2017). Chief Executive (5/2017). CNBC (7/2017). Forbes (11/2017). U.S. News (2/2018). FOR MORE INFORMATION PLEASE VISIT ASTATETHATWORKS.COM
For Information Contact: David Lasser, SIOR/CCIM
EXECUTIVE SUMMARY OFFERING SUMMARY Sale Price: $169,900 Price / SF: $1.05 Price / Acre: $45,550 Lot Size: 3.73 Acres Zoning: M-1/M-2 Taxes: $3,159.16 PROPERTY OVERVIEW Situated just south of 93rd Avenue
More informationFor Information Contact: David Lasser, SIOR/CCIM
EXECUTIVE SUMMARY OFFERING SUMMARY Sale Price: $595,000 Price / SF: $3.69 Price / Acre: $160,811 Lot Size: 3.7 Acres Zoning: M-2 PROPERTY OVERVIEW Situated at the Southwest corner of the signaled intersection
More informationFor Information Contact: David Lasser, SIOR/CCIM
EXECUTIVE SUMMARY OFFERING SUMMARY Lease Rate: Available SF: Min/Max SF: Lease Type: Expenses: Building Size: Lot Size: Parking: $12.00 SF/yr 1,928 SF 250 / 1,200 SF Gross + U and J Utilities/Janitorial
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EXECUTIVE SUMMARY OFFERING SUMMARY Sale Price: $1,050,000 Price / SF: $54.12 Building Size: 19,400 SF Lot Size: 2.14 Acres Zoning: B-3 Taxes: $23,200.68 PROPERTY OVERVIEW This is a 19,400 SF commercial
More informationPROPERTY OVERVIEW LOCATION OVERVIEW. For Information Contact: David Lasser, SIOR/CCIM
EXECUTIVE SUMMARY OFFERING SUMMARY Lease Rate: Available SF: Min/Max SF: Lease Type: Expenses: Building Size: Lot Size: $14.00 SF/yr 1,966 SF 1966 / 1966 SF NNN $6.30/SF 24,000 SF 3.0 Acres PROPERTY OVERVIEW
More informationFor Information Contact: David Lasser, SIOR/CCIM
EXECUTIVE SUMMARY OFFERING SUMMARY Lease Rate: Available SF: Min/Max SF: Lease Type: Expenses: Building Size: Lot Size: $16.00 SF/yr 1,347 SF 1,347 SF Triple Net $4.20/SF 7,760 SF 1.37 Acres PROPERTY OVERVIEW
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