461 E Michigan St - Industrial FOR SALE


Fortville, IN 46040
$850,000 USD
317-908-6479
461 E Michigan St, Fortville, IN for Sale
$850,000 USD
Industrial - FOR SALE
1/3
null | 8.26% Cap Rate

Mar '27


461 E Michigan St
Fortville, IN 46040


OVERVIEW

Rare owner-user industrial opportunity located in the heart of Fortville. 461 E. Michigan Street offers approximately 8,167 SF across two buildings situated on a 0.51-acre site with IL (Light Industrial) zoning. The property provides a versatile combination of industrial, retail/showroom, office, and outdoor storage capabilities, making it well suited for a variety of owner-users and small businesses. The property features one 12' x 12' drive-in door, a one-ton crane, two electrical busbar systems, and both single- and three-phase power. Additional improvements include a private office, restroom, and paved and compacted gravel parking areas at the front and rear of the property. Strategically located along E. Michigan Street in Fortville, the property offers excellent access to the surrounding Indianapolis metropolitan area, with convenient interstate connectivity via SR 13 to I-69. The property's central Fortville location and flexible improvements create an attractive opportunity for industrial, service, contractor, showroom, or other owner-user applications. The property is available for immediate purchase with the existing tenant in place through March 14, 2027, providing interim rental income to a purchaser. Owner-user occupancy is available beginning March 15, 2027. Lease information is available upon request. Asking Price: $850,000.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$137 USD /SF

CAP RATE

8.26%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1967

UTILITIES

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

CLEAR CEILING HT

12 Ft

DOCKS

-

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.51

LAND SF

22,216

ZONING

IL

APN/PARCEL ID

30-02-09-100-016.002-017

ASK ABOUT THIS PROPERTY

Adam StephensonAllies Commercial RealtyMore Info
317-908-6479

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Adam StephensonAllies Commercial RealtyMore Info
317-908-6479

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