7874 E State Road 28 - Light Distribution FOR SALE


Elwood, IN 46036
$150,000 USD
317-507-1692
7874 E State Road 28, Elwood, IN for Sale
$150,000 USD
Light Distribution - FOR SALE
1/32
null | Request Cap Rate

7874 E State Road 28
Elwood, IN 46036


HIGHLIGHTS

  • High Traffic Location
  • 4.09 Acres
  • 6,900 Sq. Ft. Building
  • 1,200 Sq. Ft. Building
  • Billboard Rights included
  • Roofs on both buildings replaced 2 years ago

OVERVIEW

Commercial Real Estate Auction – Friday, August 14th at Noon Outstanding opportunity to own a versatile commercial property situated on 4.09 acres with excellent visibility along high-traffic State Road 28. Offering exceptional flexibility for both owner-users and investors, this property features two separate commercial buildings with endless possibilities. The primary building offers approximately 6,900 square feet and includes warehouse space, office area, restroom, and abundant storage/workspace. The second building consists of approximately 1,200 square feet of fully heated and cooled space with a restroom, making it ideal for office, retail, or additional business operations. Occupy one building while leasing the other to generate additional income, or utilize both buildings for your growing business. This property would be well suited for contractors, fleet operations, landscaping companies, light manufacturing, service businesses, distribution, storage, and many other commercial uses. Additional features include billboard rights for added income potential, city water and sewer, a large paved parking lot, and approximately two-year-old roofs on both buildings. Properties offering this combination of acreage, multiple buildings, visibility, and income potential are rarely available. Whether you're expanding your business or adding to your investment portfolio, this is an outstanding opportunity to acquire a high-exposure commercial property with tremendous upside. Auction: Friday, August 14th at Noon. The list price represents the opening bid. Seller reserves the right to accept an offer prior to the auction under the terms outlined in the Auction Documents. Auction Broker / Bidder packets available upon request. Email snidergroup@gmail.com to request documents.

FOR SALE DETAILS

PRICE

$150,000 USD

PRICE/SF

$18 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

ADD'L SUBTYPES

Auto Dealership, Service, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

UTILITIES

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

CLEAR CEILING HT

-

DOCKS

4

DRIVE INS

1

PARKING SPACES

11

LAND DETAILS

LAND ACRES

4.09

LAND SF

178,160

ZONING

Commercial General

APN/PARCEL ID

80-09-08-400-048.000-007

ASK ABOUT THIS PROPERTY

Jason SniderJ. Snider Real EstateMore Info
317-507-1692

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

Jason SniderJ. Snider Real EstateMore Info
317-507-1692

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