11624 E State Road 250 - Warehouse FOR SALE


Crothersville, IN 47229
$2,365,000 USD
812-447-0273
11624 E State Road 250, Crothersville, IN for Sale
$2,365,000 USD
Warehouse - FOR SALE
1/18
null | Request Cap Rate

11624 E State Road 250
Crothersville, IN 47229


HIGHLIGHTS

  • ±31,094 SF Industrial Facility with 3 Docks, Heated Warehouse, and Compressed Air Throughout
  • Includes Adjacent 1.3-Acre Parcel with Income-Producing Rental House
  • Prime Location Just Off I-65 — Within 1 Hour of Louisville & Indianapolis

OVERVIEW

INVESTMENT OPPORTUNITY Rare opportunity to acquire a fully leased industrial investment property located just off Interstate 65 in Crothersville, Indiana. The offering includes a ±31,094 SF industrial facility together with an adjacent ±1.3-acre parcel featuring a tenant-occupied single-family residence, providing supplemental rental income and additional future flexibility. The industrial facility is leased for a five-year term with stable in-place income, offering predictable cash flow for investors seeking long-term stability. The property features clear-span construction, approximately ±1,000 SF of office space, three dock-high doors, compressed air lines throughout, runway rail systems, heating, and varying ceiling heights ranging from approximately 11’ to 24’. Strategically positioned along State Road 250 with immediate access to I-65, the property offers strong regional connectivity to Indianapolis, Louisville, and Southern Indiana manufacturing corridors. Investment Highlights • Fully leased industrial investment opportunity • Five-year industrial lease in place providing stable cash flow • In-place cap rate of approximately 6.85% • Additional income-producing residential parcel included • ±4.5 total acres included in offering • Immediate access to Interstate 65 • Well-maintained 1996 construction • Clear-span industrial configuration with dock-high loading • Ideal passive investment or 1031 exchange opportunity Additional Parcel Included The sale includes the adjacent parcel located at 11566 E State Road 250, consisting of approximately 1.3 acres with a leased single-family home currently providing supplemental rental income. The additional parcel offers future flexibility for expansion, storage, office use, employee housing, or potential redevelopment opportunities.

FOR SALE DETAILS

PRICE

$2,365,000 USD

PRICE/SF

$76 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Investment Opportunity - Price Reduced

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Manufacturing, Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

3

DRIVE INS

4

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.3

LAND SF

56,628

ZONING

GB

APN/PARCEL ID

36-56-26-400-016.000-015

ASK ABOUT THIS PROPERTY

Wendy ScgalskiBreeden Commercial, LLCMore Info
812-447-0273

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Wendy ScgalskiBreeden Commercial, LLCMore Info
812-447-0273

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.