Industrial Warehouse in Multi-Building
4411 Wyland Drive Elkhart, IN 46516
For Sale
Contact for pricing
Multi-building industrial space suited for logistics, manufacturing, assembly, or service operations with shared infrastructure.
Property Size34,755 SF
Price / SF$69.95
Days on Market59
Property Features for 4411 Wyland Drive
General Information
- Standard status
- Active
- Size
- 34,755 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1991
Listing Agency:
Pinnacle Properties
Listed By:
Andy Knapick · License #RB19002068
Source:
Crexi
Added: May 27
Changed: Jul 10
Last Checked: Jul 23 at 7:34AM
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 Pinnacle Properties
Investment Insights
Based on property information with market context.
This offering includes 34,755 square feet of industrial space within a multi-building industrial complex featuring shared infrastructure. The layout is suitable for a range of operational uses, including manufacturing, assembly, logistics, or service-oriented activities.
The property is positioned in Elkhart, with convenient access to major regional transportation routes. The area provides connectivity to the I-80/90 toll road and US 20, supporting efficient movement for inbound materials and outbound shipments.
For tenants, manufacturers, and distributors, this warehouse and distribution-oriented environment supports flexible industrial use across manufacturing, assembly, logistics, and service operations. The shared infrastructure within the complex can also streamline day-to-day support functions common to industrial facilities.
The property is positioned in Elkhart, with convenient access to major regional transportation routes. The area provides connectivity to the I-80/90 toll road and US 20, supporting efficient movement for inbound materials and outbound shipments.
For tenants, manufacturers, and distributors, this warehouse and distribution-oriented environment supports flexible industrial use across manufacturing, assembly, logistics, and service operations. The shared infrastructure within the complex can also streamline day-to-day support functions common to industrial facilities.
Key Highlights
- 34,755 SF industrial space in a multi‑building industrial complex with shared infrastructure
- Year built: 1991
- Suitable for manufacturing, assembly, logistics, or service operations
Financial Insights For Industrial
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 | $329.5k | $9.48 |
| − Vacancy | −$32.0k | −$0.92 |
| EGI | $297.5k | $8.56 |
| − OpEx | −$89.3k | −$2.57 |
| NOI | $208.3k | $5.99 |
34,755 SF · lease $9.48/SF/yr · vacancy 9.70% · expense 30.00%
Alternative Uses
Best Use
Warehouse
$3.61M
$3.16M – $4.21M
NOI $252,890 @ 7.0% cap · market cap 10.40%
Second Best
Industrial
$2.98M
$2.60M – $3.47M
NOI $208,263 @ 7.0% cap · market cap 8.57%
Theoretical Best
Specialty Retail
$6.43M
$5.63M – $7.51M
NOI $450,425 @ 7.0% cap · market cap 18.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
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D-BAT Elkhart
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FAQs
What type of property is this?
Manufacturing property - Multi-building industrial space suited for logistics, manufacturing, assembly, or service operations with shared infrastructure.
Where is this manufacturing property located?
The property is located at 4411 Wyland Drive Elkhart, IN.
What is the asking price?
The asking price for this property is $2,431,112.
What are key features of this property?
This property features: 34,755 SF industrial space in a multi‑building industrial complex with shared infrastructure; Year built: 1991; Suitable for manufacturing, assembly, logistics, or service operations
