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*Updated 10.2.31* 1531 W Tipton St 47,382 SF 100% Leased Industrial Building Seymour, IN 47274 $3,615,433 CAD ($76.30 CAD/SF) 10.22% Cap Rate
INVESTMENT HIGHLIGHTS
- Fully leased 9-tenant retail center offering stable, in-place income.
- Surrounded by national retailers and high-traffic businesses.
- Excellent frontage, signage, and access from both directions.
- Prime visibility along Tipton St./US-50, Seymour’s main commercial corridor.
- Diverse tenant mix with long-standing local and regional operators.
- Strong traffic counts and dense surrounding residential population.
EXECUTIVE SUMMARY
Prime Multi-Tenant Warehouse Opportunity – Income Producing with Value-Add Upside
If you're looking for a flexible, income-producing industrial property with long-term upside, 1531 W. Tipton St. in Seymour, IN is a must-see. This well-maintained warehouse facility is currently home to nine tenants, offering immediate cash flow and diversified rental income. The property is equipped with 5 large drive-in overhead doors and 4 dock doors with mechanical levelers, making it ideal for a wide range of users including logistics, light manufacturing, service providers, or warehousing operations.
Zoned C-3 Highway Commercial, the site provides maximum flexibility for both industrial and commercial tenants. Rental rates are currently below market, giving any investor the ability to increase NOI through rent adjustments or repositioning over time. This is a rare chance to acquire a solid investment with room to grow.
If you're looking for a flexible, income-producing industrial property with long-term upside, 1531 W. Tipton St. in Seymour, IN is a must-see. This well-maintained warehouse facility is currently home to nine tenants, offering immediate cash flow and diversified rental income. The property is equipped with 5 large drive-in overhead doors and 4 dock doors with mechanical levelers, making it ideal for a wide range of users including logistics, light manufacturing, service providers, or warehousing operations.
Zoned C-3 Highway Commercial, the site provides maximum flexibility for both industrial and commercial tenants. Rental rates are currently below market, giving any investor the ability to increase NOI through rent adjustments or repositioning over time. This is a rare chance to acquire a solid investment with room to grow.
DATA ROOM Click Here to Access
- Offering Memorandum
- Financials
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $3,615,433 CAD | Lot Size | 2.89 AC |
| Price Per SF | $76.30 CAD | Rentable Building Area | 47,382 SF |
| Sale Type | Investment or Owner User | No. Stories | 1 |
| Cap Rate | 10.22% | Year Built | 1991 |
| Property Type | Industrial | Clear Ceiling Height | 22’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 4 |
| Building Class | B | No. Drive In / Grade-Level Doors | 1 |
| Zoning | C-3 | ||
| Price | $3,615,433 CAD |
| Price Per SF | $76.30 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 10.22% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 2.89 AC |
| Rentable Building Area | 47,382 SF |
| No. Stories | 1 |
| Year Built | 1991 |
| Clear Ceiling Height | 22’ |
| No. Dock-High Doors/Loading | 4 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | C-3 |
UTILITIES
- Lighting
- Gas - Natural
- Water
- Sewer
- Heating - Gas
PROPERTY TAXES
| Parcel Number | 36-65-24-103-022.001-009 | Total Assessment | $1,428,431 CAD (2024) |
| Land Assessment | $493,394 CAD (2024) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $935,037 CAD (2024) | Tax Year | 2026 |
PROPERTY TAXES
Parcel Number
36-65-24-103-022.001-009
Land Assessment
$493,394 CAD (2024)
Improvements Assessment
$935,037 CAD (2024)
Total Assessment
$1,428,431 CAD (2024)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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*Updated 10.2.31* | 1531 W Tipton St
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