Listing Agency: Crossroads Realty

Listed By: Christine Krause · License #IN RB14031334 Show Phone

Source: Crexi

Added: Jul 21 Changed: Aug 26 Last Checked: Sep 6 at 10:46PM

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Investment Insights

Based on property information with market context.

This for-sale warehouse and flex-style property includes three separate buildings totaling 18,814 sq ft, supported by 5 offices and two conference rooms. The facility has eight insulated overhead doors, each 16' x 16', designed to accommodate semi trucks, along with a semi wash station and an additional emergency wash station. Indoor amenities include a kitchen area and a large reception area. HVAC is described as approximately five years old, and propane is indicated as the fuel source.

The property is located on US Highway 31 with road frontage and ingress/egress for both north and south traffic, along with dual-sided signage on site. The public remarks note outdoor storage capability under unique zoning designated as A4 Ag Business.

Additional site and operational details mentioned include 11.29 usable acres and “plenty of road frontage,” with access positioned for businesses that require space for growth and outdoor storage.

Key Highlights

• 11.29 usable acres with road frontage on US Highway 31 and ingress/egress for both north and south traffic
• 3 separate buildings totaling 18,814 SF with 5 offices and 2 conference rooms
• 8 insulated 16' x 16' overhead doors for semi truck access

Property Analytics

Property Profile

Current Use

Flex space

Suggested Use

Top Pick HVAC Service Auto Repair Shop Furniture & Home Goods Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

17

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 46034, IN

7,316

Population

3,327

Households

2.2

Avg Household Size

44

Median Age

42%

College-Educated

97%

High-School Grad

31.3 sq mi

ZIP Area

234

Density / Sq Mi

$90,795

Median Household Income

$53,488

Median Earnings

$1,038

Median Rent

$292,900

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Flex space - Multi-building warehouse set on usable acreage with multiple insulated overhead doors and truck wash stations.

Where is this flex space located?

The property is located at 24220 US-31 Cicero, IN.

What are key features of this property?

This property features: 11.29 usable acres with road frontage on US Highway 31 and ingress/egress for both north and south traffic; 3 separate buildings totaling 18,814 SF with 5 offices and 2 conference rooms; 8 insulated 16' x 16' overhead doors for semi truck access