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 Opportunity to acquire a fully leased industrial investment property located near 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 fully leased under a triple-net lease, providing stable in-place income with no immediate lease-up required. The property features clear-span construction, approximately 1,000 SF of office space, three dock-high loading doors, five overhead doors, compressed-air lines throughout, runway rail systems, full-building heat, 1,200-amp, 480-volt three-phase electrical service, and ceiling heights ranging from approximately 11 to 24 feet. Strategically positioned along State Road 250 near the I-65 interchange at Exit 41, the property provides convenient regional access to Indianapolis, Louisville, Cincinnati, and Southern Indiana manufacturing corridors. INVESTMENT HIGHLIGHTS • Fully leased industrial investment property • Triple-net industrial lease in place • Stable in-place income with no immediate lease-up required • Estimated in-place cap rate of approximately 6.85% • Supplemental income from tenant-occupied residence • Two parcels totaling approximately 4.5 acres • Convenient access to Interstate 65 • Well-maintained clear-span industrial facility • Three dock-high loading doors and five overhead doors • Potential fit for industrial investors and 1031 exchange buyers ADDITIONAL PARCEL INCLUDED The offering includes the adjacent parcel at 11566 E State Road 250, consisting of approximately 1.3 acres with a tenant-occupied single-family residence that generates supplemental rental income. The parcel was originally acquired by ownership to accommodate potential future expansion of the industrial operation and provides additional flexibility for future expansion or redevelopment, subject to zoning, governmental approvals, and existing lease rights. The estimated cap rate is based on industrial base rent plus gross residential rental income and does not account for potential expenses associated with the residential property. Buyers should independently verify all income, expenses, lease terms, property information, and permitted uses.

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.