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    324 Liberty Street Walkerton, IN 46574

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    For Sale
    $749,900

    COMMERCIAL - Walkerton, IN

    Property size:
    12,476 SF
    Lot size:
    1.71 Acres
    Price / SF:
    $60/SF
    Added:
    Apr 4, 2026
    Days on Market:
    26
    Last Refresh:
    Apr 29 at 7:06 am

    Property Features for 324 Liberty Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    20
    Parking features
    Off Street
    Security features
    Security Lighting
    Interior features
    High Ceilings
    Standard status
    Active
    APN
    711624152006000015
    Size
    12,476 SF
    Lot size
    1.71 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    PARC OF LAND BEG 149.87' S & 226.70' W OF SW 1/4 NW 1/4 SEC 24-35N-1W 99-00 CORRECT LEGAL & LOT SIZE PER SURVEY 97-29689 INPUT 00-01
    Tax Annual Amount
    10287

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central
    Water source
    Public

    Building Details

    Year built
    1979

    We can help!

    Listing Contact
    Larry Nickell

    Listing agent Larry Nickell License #RB14016997

    Listing office Woodlands & Waters Real Esta 3606 S 925 E, Walkerton, IN

    Listing date Apr 4, 2026

    MLS# 836591

    Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Walkerton Commercial/Industrial Building For Sale

    Located in Walkerton, Indiana, this remodeled factory building offers immense potential for industrial, commercial, or small shop use. Situated on almost 2 acres, the property is zoned for industrial, commercial, and small shop purposes. The building is currently used as a tool and die manufacturing shop and features concrete floors designed to support extremely heavy equipment. The total area of the building is 12,476 square feet. It includes recessed docks and high ceilings. The property is equipped with two 800 amp electric services. This move-in ready building presents an excellent opportunity for various types of manufacturing. The location offers great workforce availability.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Twin Maple Tool ... Industrial Manufacturer

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Walkerton
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.482719
    Latitude
    41.472016

    Nearby Similar for Sale

    • $725,000

      Single Tenant Dollar General Store

      Freestanding Dollar General in Walkerton, Indiana with NN lease.
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      View Details
    • $299,000
      2,596 SF

      Spacious Duplex with Detached Garage

      Charming duplex with newer roof and furnaces on double lot.
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      View Details

    FAQs

    What type of property is this?
    Manufacturing property - Remodeled factory building with heavy equipment capacity in NW Indiana.
    Where is this manufacturing property located?
    The property is located at 324 Liberty Street Walkerton, IN.
    What is the asking price?
    The asking price for this property is $749,900.
    What are key features of this property?
    This property features: 12,400+ sq ft factory building zoned Industrial/Commercial/Small shops; Two 800 amp electric services; Concrete floors designed for extremely heavy equipment
    (219) 716-3202
    We can help!
    Listing Contact
    Larry Nickell
    Real Estate License ID: RB14016997
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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