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    Property profile & analytics
    OFF-MARKET Estimated value $605,000
    Manufacturing properties

    483 Mt Zion Rd, Vincennes, IN 47591-9683

    16,140 SF 4.49 ac lot Built 1964
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US31-1162741
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 483 N Mount Zion Road in Vincennes, Indiana, presents a significant investment opportunity. The property encompasses a substantial 16,000+ square feet of industrial space ideally suited for a variety of uses, previously operating as a recycling center. The expansive 4.49-acre lot provides ample room for expansion, maneuvering, and potential future development. In addition to the generous industrial space, the property includes a 1,900 square foot office area, offering comfortable and functional administrative space. Its strategic location offers convenient access to key transportation arteries. The property is situated a mere 20 minutes from Interstate 69 and within a 45-minute commute of Crane, Indiana. Currently zoned A2 (Non-exclusive Agricultural), the property benefits from grandfathered 'Industrial' rights, ensuring continued operational flexibility. This combination of size, location, and existing infrastructure makes this property an attractive prospect for businesses seeking a well-established and versatile industrial space in a growing area. The asking price is $700,000. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1964
    Construction TYPE NOT SPECIFIED
    Total area 16,140 SF
    Lot 4.49 ac (195,584 SF)
    APN 42-11-20-200-009.000-008
    UPID US31-1162741
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $605k
    Owner & transaction history
    MLUM RECYCLING LLC & ASSIGNED ENTITY
    MLUM RECYCLING LLC & ASSIGNED ENTITY
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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