221 Raymond St - Industrial FOR SALE


Hope, IN 47246
$2,700,000 USD
812-350-2334
221 Raymond St, Hope, IN for Sale
$2,700,000 USD
Industrial - FOR SALE
1/8
null | 7% Cap Rate

221 Raymond St
Hope, IN 47246


HIGHLIGHTS

  • 24,000 SF Industrial Flex Facility on Nearly 6 Acres
  • Fully Leased to Global Tenants – Micronics & Cleanova
  • High-Performance Building with 16' Clear Height and 3-Phase Power
  • Prime Location in Hope Industrial Park Near Major Midwest Logistics Routes
  • Investment Opportunity with 7% CAP Rate and Room to Expand

OVERVIEW

Thoughtfully designed and meticulously maintained, this 24,000 SF industrial flex facility is ideally suited for a wide range of uses—from light manufacturing and assembly to warehousing, distribution, or hybrid industrial-office operations. Constructed in three functional phases between 1998 and 2005, the building blends durability, modern infrastructure, and room to expand, with one exterior wall engineered for effortless removal to support future growth. This is a low-maintenance, high-performance asset with a tenant already in place and significant upside potential for future development, tenant expansion, or reconfiguration to suit a new user. The property stands out in the market thanks to its versatile infrastructure, logistical strengths, and exceptional adaptability—making it a compelling opportunity for both owner-users and investors alike.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$113 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

UTILITIES

Lighting, Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

16 Ft

DOCKS

2

DRIVE INS

-

PARKING SPACES

48

LAND DETAILS

LAND ACRES

5.99

LAND SF

260,708

ZONING

Smshop

APN/PARCEL ID

03-07-21-240-000.504-014

ASK ABOUT THIS PROPERTY

Ryan BrandBreeden Commercial, LLCMore Info
812-350-2334

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Ryan BrandBreeden Commercial, LLCMore Info
812-350-2334

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