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    500 N Range Line Rd Morristown, IN 46161

    For Sale
    $6,200,000

    Manufacturing building with expansion land and proximity to interstates.

    Property size:
    151,224 SF
    Lot size:
    27.06 Acres

    Property Features for 500 N Range Line Rd

    General Information

    Size
    151,224 SF
    Lot size
    27.06 Acres

    Source: Premier Commercial Real Estate Services, Inc. Agent Tom Ferguson

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

    Overview

    155,000 SF Manufacturing Building

    This approximately 155,000 square foot manufacturing building is available for sale, presenting an opportunity for both owner-users and investors. The property features extra land available for expansion, encompassing around 75,000 square feet. It is equipped with 19 grade-level overhead doors and 2 dock-high doors, along with an 80 x 235 foot bay. The warehouse area benefits from a 24-foot clear ceiling height and T5 lighting. The building has the capacity for a future ridge crane with a hook height of 20 feet. The office space accounts for just over 4,000 square feet of the total area. The property includes a fenced lot with 100 parking spaces and trailer parking. The office area has a new roof, paint, and flooring. The location offers convenient access to four major interstates: I-70, I-74, I-465, and I-69.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Marcum's Welding & Steel ... Steel Fabricator Apex Electric And Sign ... Crane Service

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Hair Salon Auto Repair Shop Pharmacy Auto Parts Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Morristown
    County
    Shelby
    State
    Indiana
    Longitude
    -85.685396
    Latitude
    39.675844

    Nearby Similar for Sale

    • $695,000
      10,390 SF

      Versatile Commercial Shop with Storage

      6,400 SF commercial shop with office and storage on 0.88 acres.
      308 N Morrison St, Morristown, IN 46161
      View Details
    • Contact for pricing
      151,224 SF

      Morristown Industrial Property

      151,224 SF Warehouse, Owner/User
      500 Range Line Rd, Morristown, IN 46161
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - Manufacturing building with expansion land and proximity to interstates.
    Where is this manufacturing property located?
    The property is located at 500 N Range Line Rd Morristown, IN.
    What is the asking price?
    The asking price for this property is $6,200,000.
    What are key features of this property?
    This property features: - 155,000 SF manufacturing building with 4,000 SF of office space.; - Excellent location with proximity to four major interstates: I-70, I-74, I-465, and I-69.; - Substantial expansion potential with approximately 75,000 SF of extra land.
    (317) 714-7171
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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
    500 N Range Line Rd Morristown, IN 46161
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