Industrial Warehouse in Multi-Building
For Sale
Contact for pricing
4411 Wyland Drive, Elkhart, IN 46516
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 Market155
Property Features for 4411 Wyland Drive
General Information
Standard status
Active
Size
34,755 SF
Class
C
Property subtype
Industrial
Zoning
ZO01
Investment Type
Owner/User
Additional Details
Highway Access
Yes
Building Details
Year Built
1991
Listing Agency:
Pinnacle Properties
Listed By:
Ryan White · License #IN
(574) 315-9615
Source:
Crexi
Added: May 27
Changed: Oct 25
Last Checked: Oct 28 at 8:02AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$208,263
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,165,260
$4.2M
Cap Rate 7%
$2,975,186
$3.0M
Cap Rate 9%
$2,314,033
$2.3M
Market Conditions
NOI Build-Up for 34,755 SF
Gross rent
$329.5K $9.48/SF
− Vacancy
−$32.0K −$0.92/SF
EGI
$297.5K $8.56/SF
− OpEx
−$89.3K −$2.57/SF
NOI
$208.3K $5.99/SF
Area
Elkhart County, IN
Vacancy
9.70%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,165,260
Cap Rate 7%
$2,975,186
Cap Rate 9%
$2,314,033
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
244
Businesses Nearby
Explore this area
Business Placement
Demographics for 46516, IN
33,670
Population
14,137
Households
2.4
Avg Household Size
35
Median Age
18%
College-Educated
84%
High-School Grad
17.5 sq mi
ZIP Area
1,924
Density / Sq Mi
$54,934
Median Household Income
$39,189
Median Earnings
$986
Median Rent
$150,400
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
Frequently Asked Questions
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
