Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Walkerton Industrial/Commercial Building For Sale Title is generated by Realmo AI

    324 Liberty Street, Walkerton, IN 46574

    View on Map
    Claim this Listing
    For Sale
    $649,900

    COMMERCIAL - Walkerton, IN

    Property size:
    12,476 SF
    Lot size:
    1.71 Acres
    Price / SF:
    $52/SF
    Added:
    Apr 4, 2026
    Days on Market:
    61
    Last Refresh:
    Jun 3 at 6:06 pm

    Property Features for 324 Liberty Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    20
    Parking features
    Off Street
    Security features
    Security Lighting
    Interior features
    High Ceilings
    Standard status
    Active
    APN
    711624152006000015
    Size
    12,476 SF
    Lot size
    1.71 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    PARC OF LAND BEG 149.87' S & 226.70' W OF SW 1/4 NW 1/4 SEC 24-35N-1W 99-00 CORRECT LEGAL & LOT SIZE PER SURVEY 97-29689 INPUT 00-01
    Tax Annual Amount
    10287

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Water source
    Public

    Building Details

    Year built
    1979

    We can help!

    Listing Contact
    Larry Nickell

    Listing agent Larry Nickell License #RB14016997

    Listing office Woodlands & Waters Real Esta 3606 S 925 E, Walkerton, IN

    Listing date Apr 4, 2026

    MLS# 836591

    Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 12,400+ sq ft factory building zoned Industrial/Commercial/Small shops
    • Two 800 amp electric services
    • Concrete floors designed for extremely heavy equipment
    • Remodeled and move‑in ready for manufacturing
    • Located in NW Indiana near South Bend on almost 2 acres
    • Recessed docks and high ceilings

    Overview

    This updated factory building, located in Walkerton, Indiana, presents an opportunity for industrial, commercial, or small shop use. Situated on approximately 1.71 acres, the property is zoned for industrial, commercial, and small shop purposes. The remodeled building is currently used as a tool and die manufacturing shop and features concrete floors designed to support heavy equipment. The building offers 12,476 square feet of space, along with two 800 amp electric services, recessed docks, and high ceilings. This property is move-in ready and suitable for various types of manufacturing operations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Twin Maple Tool ... Industrial Manufacturer

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Walkerton
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.482719
    Latitude
    41.472016

    Nearby Similar for Sale

    • $725,000

      Single Tenant Dollar General Store

      Freestanding Dollar General in Walkerton, Indiana with NN lease.
      304 Michigan St, Walkerton, IN 46574
      View Details
    • $299,000
      2,596 SF

      Spacious Duplex with Detached Garage

      Charming duplex with newer roof and furnaces on double lot.
      800 Illinois Street, Walkerton, IN 46574
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - Remodeled factory building with heavy equipment capacity in NW Indiana.
    Where is this manufacturing property located?
    The property is located at 324 Liberty Street Walkerton, IN.
    What is the asking price?
    The asking price for this property is $649,900.
    What are key features of this property?
    This property features: 12,400+ sq ft factory building zoned Industrial/Commercial/Small shops; Two 800 amp electric services; Concrete floors designed for extremely heavy equipment
    (219) 716-3202
    We can help!
    Listing Contact
    Larry Nickell
    Real Estate License ID: RB14016997
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    324 Liberty Street, Walkerton, IN 46574
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!