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    5 Ogle Industrial Park Dr Vevay, IN 47043

    For Sale
    $490,000

    4.03-Acre Industrial Property, High Potential

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional 4.03-acre industrial property in Vevay, Indiana, presents a lucrative investment opportunity. The property features a 2010 square foot office building currently leased for $1800 per month, providing immediate income potential. The substantial warehouse space offers significant expansion possibilities for existing businesses or new ventures. The warehouse is divisible into three distinct rental units, each with unique features. Unit 1, a clear-span metal building, includes two office spaces, two gas hanging heaters, and two man doors. Unit 2, also a clear-span metal building, boasts one gas hanging heater, three truck docks, one drive-in door, and two man doors. Unit 3, a pole-type construction with rafters, offers two docks, one drive-in door, and OSB and metal interior walls. This unit features an insulated roof and walls but currently lacks heating. The lighting in Unit 3 is comprised of metal halide fixtures. An important upgrade is underway: a new gas and electric meter is being installed in the office building. The interconnected nature of the warehouse spaces allows for flexibility in configuration and tenant occupancy. This property's size, existing income stream, and adaptable warehouse space make it an ideal investment for a variety of business needs. Further details are available in the supplemental report.

    Property Features for 5 Ogle Industrial Park Dr

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    175,547 SF

    Building Details

    Year Built
    1970
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Restaurant Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Hotel & Motel Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Vevay
    County
    Switzerland
    State
    Indiana
    Longitude
    -85.08654
    Latitude
    38.73805

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    FAQs

    What type of property is this?
    Office Property / Space - 4.03-Acre Industrial Property, High Potential
    Where is this office property / space located?
    The property is located at 5 Ogle Industrial Park Dr Vevay, IN.
    What is the asking price?
    The asking price for this property is $490,000.
    (812) 274-0660
    Request Owner's contact information
    5 Ogle Industrial Park Dr Vevay, IN 47043
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    Realmo Value Estimation

    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.

    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.

    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
    5 Ogle Industrial Park Dr Vevay, IN 47043
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