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222 W Broadway Ave 50,000 SF 100% Leased Industrial Building Hillsdale, IN 47854 $5,025,312 CAD ($100.51 CAD/SF)
INVESTMENT HIGHLIGHTS
- Located Within a TIF District: Unique Development Incentives, Including Property Tax Abatement & Tax.
- Located 2 Miles from the IN/IL State Border | Immediate Access to Over 1,000,000 Workers.
- Site Fully Completed, Including Sidewalks, Asphalt Parking, Landscaping and Truck Aprons.
- Ease of Access to I-74 (10 Min; 25,850 VPD) and I-70 (30 Min; 37,512 VPD)
- 50,000 SF Class A Building with Precast Concrete Construction and Expandable up to 200,000 SF in Multiple Configurations.
- Three Docks in Place-Provisioned Additional Docks and One Drive In (14’x18’ OHD)
EXECUTIVE SUMMARY
Marcus and Millichap is pleased to exclusively represent for sale 222 W. Broadway Ave., Hillsdale, Indiana located in the 7,155-acre Vermillion Rise Mega Park. The subject property is a Class A, 50,000 SF Industrial Warehouse, situated on a 9-acre lot, built in 2017 and completed to grey shell. Potential for outdoor storage.
The 32’ clear height warehouse with 50’x50’ column spacing, currently has (3) 9’x10’ docks, (1) 14’x18’ drive in with an overhead door, and sloped deck roof with TPO membrane. Constructed of precast concrete, the west wall composed of engineered metal allows for easy expansion up to 200,000 SF. The subject property offers tenants or investors the opportunity to acquire and finish to suit a Class A industrial warehouse.
The Vermillion Rise Mega Park is a 7,155-acre industrial facility located in West Central Indiana. Formerly a defense facility, today "The Rise" offers unmatched 7 MW available power, ample water and gas, and a unique location to accommodate distribution, data center or manufacturing facilities. Join these industries in place within the region, including logistics (Amazon), plastics (Taghleef), steel, EV batteries (Entek), automotive parts, pet food (Scott Pet), food, animal health (Elanco).
The 32’ clear height warehouse with 50’x50’ column spacing, currently has (3) 9’x10’ docks, (1) 14’x18’ drive in with an overhead door, and sloped deck roof with TPO membrane. Constructed of precast concrete, the west wall composed of engineered metal allows for easy expansion up to 200,000 SF. The subject property offers tenants or investors the opportunity to acquire and finish to suit a Class A industrial warehouse.
The Vermillion Rise Mega Park is a 7,155-acre industrial facility located in West Central Indiana. Formerly a defense facility, today "The Rise" offers unmatched 7 MW available power, ample water and gas, and a unique location to accommodate distribution, data center or manufacturing facilities. Join these industries in place within the region, including logistics (Amazon), plastics (Taghleef), steel, EV batteries (Entek), automotive parts, pet food (Scott Pet), food, animal health (Elanco).
PROPERTY FACTS Under Contract
| Price | $5,025,312 CAD | Rentable Building Area | 50,000 SF |
| Price Per SF | $100.51 CAD | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 2017 |
| Sale Condition | Building in Shell Condition | Parking Ratio | 0.42/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 32’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 3 |
| Building Class | A | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 9.00 AC | ||
| Zoning | Industrial - Vermillion County plan commission has only one industrial zoning category. | ||
| Price | $5,025,312 CAD |
| Price Per SF | $100.51 CAD |
| Sale Type | Investment or Owner User |
| Sale Condition | Building in Shell Condition |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | A |
| Lot Size | 9.00 AC |
| Rentable Building Area | 50,000 SF |
| No. Stories | 1 |
| Year Built | 2017 |
| Parking Ratio | 0.42/1,000 SF |
| Clear Ceiling Height | 32’ |
| No. Dock-High Doors/Loading | 3 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | Industrial - Vermillion County plan commission has only one industrial zoning category. |
UTILITIES
- Lighting - Fluorescent
- Gas - Natural
- Water - County
- Sewer - County
- Heating - Gas
PROPERTY TAXES
| Parcel Number | 83-09-09-900-001.002-011 | Improvements Assessment | $2,100,419 CAD |
| Land Assessment | $180,366 CAD | Total Assessment | $2,280,785 CAD |
PROPERTY TAXES
Parcel Number
83-09-09-900-001.002-011
Land Assessment
$180,366 CAD
Improvements Assessment
$2,100,419 CAD
Total Assessment
$2,280,785 CAD
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222 W Broadway Ave
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