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    1000 N Morton St Portland, IN 47371

    For Sale
    $4,400,000

    Modern industrial property featuring a clear span warehouse and office space.

    Lot size:
    4.29 Acres

    Property Features for 1000 N Morton St

    General Information

    Lot size
    4.29 Acres

    Source: The Zacher Company Agent Steven Zacher, SIOR, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Industrial Property with Modern Warehouse

    This industrial property includes a clear span warehouse space of 41,000 square feet constructed in 2018, along with 2,553 square feet of office space. The property, situated on 5.67 acres, provides 100 parking spaces. It features ceiling heights ranging from 14 to 16 feet and 20 to 22 feet, and is fully sprinkled. The electrical capacity is 4,000 Amps, 480 Volt 3-Phase. Loading and access are facilitated by 6 loading docks and 8 drive-in doors. The property was formerly used for painting, injection molding, and metalizing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Similar Places Nearby

    The Storage Manager, Portland Storage Units, Portland Storage Units

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Jay
    State
    Indiana
    Longitude
    -84.969305
    Latitude
    40.441141

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    FAQs

    What type of property is this?
    Warehouse - Modern industrial property featuring a clear span warehouse and office space.
    Where is this warehouse located?
    The property is located at 1000 N Morton St Portland, IN.
    What is the asking price?
    The asking price for this property is $4,400,000.
    What are key features of this property?
    This property features: - 41,000 SF clear span warehouse space constructed in 2018; - **4,000 Amp, 480 Volt 3-Phase power supply**; - **6 loading docks and 8 drive-in doors**
    (260) 437-0904
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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
    1000 N Morton St Portland, IN 47371
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