222 W Broadway Ave - Warehouse FOR SALE


Hillsdale, IN 47854
$3,600,000 USD
317-437-6544
222 W Broadway Ave, Hillsdale, IN for Sale
$3,600,000 USD
Warehouse - FOR SALE
1/9
null | Request Cap Rate

NEW


222 W Broadway Ave
Hillsdale, IN 47854


HIGHLIGHTS

  • Located Within a TIF District: Unique Development Incentives, Including Property Tax Abatement & Tax.
  • Ease of Access to I-74 (10 Min; 25,850 VPD) and I-70 (30 Min; 37,512 VPD)
  • Located 2 Miles from the IN/IL State Border | Immediate Access to Over 1,000,000 Workers.
  • 50,000 SF Class A Building with Precast Concrete Construction and Expandable up to 200,000 SF in Multiple Configurations.
  • Site Fully Completed, Including Sidewalks, Asphalt Parking, Landscaping and Truck Aprons.
  • Three Docks in Place-Provisioned Additional Docks and One Drive In (14’x18’ OHD)

OVERVIEW

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).

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$72 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

UTILITIES

Lighting - Fluorescent, Gas - Natural, Water - County, Sewer - County, Heating - Gas

CLEAR CEILING HT

32 Ft

DOCKS

3

DRIVE INS

1

PARKING SPACES

21

LAND DETAILS

LAND ACRES

9

LAND SF

392,040

ZONING

Industrial

APN/PARCEL ID

83-09-09-900-001.002-011

ASK ABOUT THIS PROPERTY

Julia EvingerMarcus & MillichapMore Info
317-437-6544

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Julia EvingerMarcus & MillichapMore Info
317-437-6544

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