The Building

3329 Lincoln Way Building Overview

Year Built: 1949

Asking Price: $450,000 (includes Laundromat)

Entire Size of Lot/Building: 110x227

Rock Auditorium Size: 33x47, with an additional 33 feet in width and 20-25 feet in length to be gained by knocking out a wall.

Height to Trusses: 15 feet

Building Tenants: The current tenant of the Laundromat wishes to continue leasing that portion of the facility. The Laundromat Pays $1800/mo lease, and covers its own utilities. It also has a separate gas furnace. It is hoped that the “cafe space” in the former show room could be leased to a “Rock-friendly” business such as a sandwich shop or ice cream parlor.

Current Zoning: Highway Oriented Commercial (HOC). The planned use of the building would classify it as a “community facility,” a permitted use under the HOC zoning regulations.

Property Taxes: Some of the building (about 1/3) would be classified as an “exempt use” and on that portion property taxes are not paid. Paying about 2/3 of the current property taxes would work out to $7,040 per year or $587 per month. Since the assessed value would increase after remodeling, actual property taxes would probably be in the range of $600-$800 per month.