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Owner-User Opportunity 500 N Rangeline Rd 151,224 SF Industrial Building Morristown, IN 46161 $8,654,704 CAD ($57.23 CAD/SF)

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INVESTMENT HIGHLIGHTS

  • Approx. 155,000 SF, manufacturing building for sale - great investment or owner-user opportunity
  • Several overhead doors & dock doors
  • Fenced lot with 100 parking spaces & trailer parking
  • Great proximity to all four major interstates - I-70, I-74, I-465, & I-69
  • Heavy power, T5 lighting & crane
  • New roof, & new paint & flooring in the office

EXECUTIVE SUMMARY

The property has extra land available for expansion (around 75,000 SF). It also has 19 grade-level overhead doors, 2 dock-high doors, & an 80 x 235 ft. bay, with 24ft. clear ceiling height, & the capacity for a future ridge crane (hook height 20 ft.), & T5 lighting in warehouse—over 155,000 SF, with just over 4,000 SF of office.
Located on US 52/Main St. & less than a half mile from Downtown Morristown. Approx. 30 miles southeast of Indianapolis; approx. 35 mins. from HONDA plant in Greensburg, IN; approx. 25 min. to I-465 in Indianapolis; 25 min. to 1-70; 35 min. to 1-65, & 35 min. to 1-69. The property is also 40 miles to the Indianapolis International Airport, 10 miles to Shelbyville Municipal Airport (5,000 ft. runway), & 50 miles to the Cincinnati Shipping Port.

PROPERTY FACTS

Price $8,654,704 CAD
Price Per SF $57.23 CAD
Sale Type Investment
Property Type Industrial
Property Subtype
Manufacturing
  • Industrial Distribution
  • Industrial Warehouse
  • Industrial Service
Building Class B
Lot Size 26.90 AC
Rentable Building Area 151,224 SF
No. Stories 1
Year Built/Renovated 1980/2007
Tenancy Single
Parking Ratio 0.68/1,000 SF
Clear Ceiling Height 24’
No. Dock-High Doors/Loading 2
No. Drive In / Grade-Level Doors 19
Zoning I - Industrial

AMENITIES

  • Fenced Lot

UTILITIES

  • Gas - Natural
  • Water - City
  • Sewer - City
  • Heating

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
73-04-07-300-033.000-008
Land Assessment
$399,736 CAD
Improvements Assessment
$1,680,924 CAD
Total Assessment
$2,080,661 CAD
  • Listing ID: 30334968

  • Date on Market: 2023-12-10

  • Last Updated:

  • Address: 500 N Rangeline Rd, Morristown, IN 46161

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