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Refrigerated Distribution Facility
For Sale
$750,000

1008 N Morton St, Portland, IN 47371

Industrial facility combines temperature-controlled storage, enclosed loading, processing space, and front-of-building offices.

Property SizeContact for details
Days on Market14

Property Features for 1008 N Morton St

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $5,758
Listing Agency: Jack Houck Real Estate
Listed By: Jack Houck · License #RB14039837
Source: Exprealty
Added: Oct 1 Changed: Oct 7 Last Checked: Oct 13 at 1:42AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jack Houck Real Estate

Investment Insights

Based on property information with market context.

This distribution property occupies approximately 3 acres and contains more than 13,000 square feet of building area. The refrigerated section measures 60' x 100' x 24' and can accommodate pallet stacking to three levels. An enclosed 75' x 45' area has overhead doors at both ends and a loading dock, while a separate 50' x 50' section provides processing or packaging space. More than 1,200 square feet of front-facing office area and restrooms complete the building layout.

The facility also includes walk-in coolers measuring 16' x 10' and 12' x 10'. A stormwater drainage easement held by the City of Portland runs through the asphalt parking area.

Key Highlights

  • Approximately 3 acres with more than 13,000 square feet of building area
  • Refrigerated area measures 60' x 100' x 24' and supports stacking pallets three high
  • Enclosed 75' x 45' loading area has overhead doors at both ends and a loading dock

Property Analytics

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Current Use

Distribution centers

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply Parking Lot & Garage Auto Repair Shop Electrical Service Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

294
Businesses Nearby

Demographics for 47371, IN

12,143
Population
5,458
Households
2.2
Avg Household Size
41
Median Age
15%
College-Educated
85%
High-School Grad
219.6 sq mi
ZIP Area
55
Density / Sq Mi
$59,215
Median Household Income
$38,031
Median Earnings
$746
Median Rent
$116,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Distribution center - Industrial facility combines temperature-controlled storage, enclosed loading, processing space, and front-of-building offices.
Where is this distribution center located?
The property is located at 1008 N Morton St Portland, IN.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Approximately 3 acres with more than 13,000 square feet of building area; Refrigerated area measures 60' x 100' x 24' and supports stacking pallets three high; Enclosed 75' x 45' loading area has overhead doors at both ends and a loading dock
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