Industrial Distribution
422 E Commerce Dr Lagrange, OH 44050
422 E Commerce Dr, Lagrange, OH, 44050
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For Sale
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Industrial facility with dock door, multiple drive-in doors, crane capacity, 20-foot ceilings, and 1,200-amp power.
Property Size43,817 SF
Lot Size10.00 Acres
Price / SF$78.74
Days on Market92
Property Features for 422 E Commerce Dr
General Information
- Standard status
- Active
- Size
- 43,817 SF
- Lot size
- 10.00 Acres
- Property subtype
- Industrial
Listing agency
Cushman & Wakefield CRESCO Real Estate
Listed by
Brian Smith · License #OH SAL.2016001142
Source
Crexi
Added: Apr 22 Updated: Jul 22 at 9:17AM Checked: Jul 22 at 9:17AM
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 Cushman & Wakefield CRESCO Real Estate
Investment Insights
Based on property information with market context.
422 E Commerce Dr is an industrial facility configured for heavy operations and distribution. The property includes one 9’ x 10’ dock, three 14’ x 16’ drive-in doors, and multiple overhead crane systems, including two 5-ton cranes, two 10-ton cranes, and two 15-ton cranes. With 20-foot ceiling height and 1,200-amp electrical power, the building supports warehouse, heavy manufacturing, and service-oriented uses.
The site is located in the LaGrange Business Corridor, off State Route 301, with access to State Route 10/20. It is positioned for regional connectivity with I-480 within a short drive.
In addition to the existing improvements, the property includes 10 acres of expandable land, offering room for growth on-site as operations expand.
The site is located in the LaGrange Business Corridor, off State Route 301, with access to State Route 10/20. It is positioned for regional connectivity with I-480 within a short drive.
In addition to the existing improvements, the property includes 10 acres of expandable land, offering room for growth on-site as operations expand.
Key Highlights
- 10 acres of expandable land in the LaGrange Business Corridor
- 20‑foot ceiling height for warehousing, distribution, or manufacturing operations
- Three 14' x 16' drive‑in doors and one 9' x 10' dock
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $245.8k | $5.61 |
| − Vacancy | −$9.3k | −$0.21 |
| EGI | $236.5k | $5.40 |
| − OpEx | −$35.5k | −$0.81 |
| NOI | $201.0k | $4.59 |
43,817 SF · lease $5.61/SF/yr · vacancy 3.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.87M
$2.51M – $3.35M
NOI $201,002 @ 7.0% cap · market cap 5.83%
Second Best
Industrial
$2.36M
$2.07M – $2.76M
NOI $165,531 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$11.04M
$9.66M – $12.88M
NOI $772,932 @ 7.0% cap · market cap 22.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
DM Fabrications LLC
General Contractor
Mader Dampers
Metal Fabrication Plant
FAQs
What type of property is this?
Manufacturing property - Industrial facility with dock door, multiple drive-in doors, crane capacity, 20-foot ceilings, and 1,200-amp power.
Where is this manufacturing property located?
The property is located at 422 E Commerce Dr Lagrange, OH.
What is the asking price?
The asking price for this property is $3,450,000.
What are key features of this property?
This property features: 10 acres of expandable land in the LaGrange Business Corridor; 20‑foot ceiling height for warehousing, distribution, or manufacturing operations; Three 14' x 16' drive‑in doors and one 9' x 10' dock
