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    5040 Progress Way Sellersburg, IN 47172

    Sponsored
    For Sale
    Contact for pricing

    Prime 9950+ SF Office/Warehouse

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional investment opportunity presents a nearly new (2019 construction) 9950+ square foot, two-story building ideally situated within the Sellersburg Industrial Park. The property boasts a spacious office area, highlighted by a 630 square foot executive suite complete with a private bathroom. A substantial clear-span warehouse complements the office space, providing ample room for various operational needs. Zoned I-2 Heavy Industrial, this location offers unparalleled access to transportation networks, being adjacent to the Clark Regional Airport and a mere 1.5 miles from Interstate 65. The 3.67-acre lot includes a significant 14,000 square foot paved parking area, partially enclosed by a chain link fence. Currently utilized by a cargo and freight trucking company, this property presents a unique chance to acquire a move-in ready building, eliminating the time and expense of new construction. The property's versatile design and prime location make it suitable for a wide range of businesses. Auction details and terms are available online. Don't miss this rare opportunity!

    Property Features for 5040 Progress Way

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    159,865 SF

    Building Details

    Year Built
    2019
    Property Profile Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Restaurant Realty agency Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hotel & Motel Gym & Fitness Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Sellersburg
    County
    Clark
    State
    Indiana
    Longitude
    -85.74196
    Latitude
    38.37892

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    FAQs

    What type of property is this?
    Office Property / Space - Prime 9950+ SF Office/Warehouse
    Where is this office property / space located?
    The property is located at 5040 Progress Way Sellersburg, IN.
    What is the asking price?
    The asking price for this property is $1.00.
    (812) 738-9476
    Request Owner's contact information
    5040 Progress Way Sellersburg, IN 47172
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    Sellersburg, IN 47172
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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
    5040 Progress Way Sellersburg, IN 47172
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