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403 E Drexel Pkwy, Rensselaer, IN 47978

Industrial-zoned, mostly flat land offered as four parcels with nearby utilities and direct access to Highway 231.

Property SizeContact for details
Lot Size84.38 Acres
Days on Market663

Property Features for 403 E Drexel Pkwy

General Information

Standard status Active
Lot size 84.38 Acres
Property subtype LAND
Listing Agency: Shook Commercial Real Estate
Listed By: Brad Neihouser · License #RB14023943
Source: Moodyscre
Added: Nov 19, 2024 Changed: Sep 10 Last Checked: Sep 12 at 10:01AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Shook Commercial Real Estate

Investment Insights

Based on property information with market context.

Four industrial land parcels totaling 84.38 acres are offered for sale in Rensselaer, IN. The property is mostly flat and undeveloped, providing a blank slate for custom industrial projects. Buyers may purchase all parcels together or select individual parcels, with pricing adjusted based on acreage.

The parcels are located near Highway 231, supporting convenient connectivity to major transportation routes and nearby cities. Utilities are available nearby, helping support development readiness for prospective users.

This offering is zoned for industrial use and is suitable for manufacturing, warehousing, distribution, and other industrial applications. Each parcel is available individually or as part of the combined acreage package.

Key Highlights

  • 84.38‑acre industrial‑zoned land split across four separate parcels, available individually or as a combined offering.
  • Zoned Industrial for manufacturing, warehousing, distribution, and other industrial uses.
  • Mostly flat and undeveloped land, offering a blank slate for custom industrial projects.

Property Analytics

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Current Use

Industrial land

Suggested Use

Top Pick Building Supply Real Estate Agency Hair Salon Auto Repair Shop Storage Facility Grocery & Convenience 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

153
Businesses Nearby

Demographics for 47978, IN

10,815
Population
4,355
Households
2.5
Avg Household Size
42
Median Age
18%
College-Educated
91%
High-School Grad
263.7 sq mi
ZIP Area
41
Density / Sq Mi
$71,359
Median Household Income
$35,486
Median Earnings
$867
Median Rent
$180,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

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
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Frequently Asked Questions

What type of property is this?
Industrial land - Industrial-zoned, mostly flat land offered as four parcels with nearby utilities and direct access to Highway 231.
Where is this industrial land located?
The property is located at 403 E Drexel Pkwy Rensselaer, IN.
What are key features of this property?
This property features: 84.38‑acre industrial‑zoned land split across four separate parcels, available individually or as a combined offering.; Zoned Industrial for manufacturing, warehousing, distribution, and other industrial uses.; Mostly flat and undeveloped land, offering a blank slate for custom industrial projects.
(765) 427-5052 Call to check price and availability
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