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Self-Storage Facility with 17 Units

457 W Foster Street, Monticello, IN 47960

For Sale
$235,000

Two steel buildings have separate utility meters, updated electrical systems, and potential for climate-control conversion.

Property Size2,000 SF
Price / SF$117.50
Days on Market150

Property Features for 457 W Foster Street

General Information

Standard status Active
Size 2,000 SF
Property subtype Multi-Family

Warehouse & Industrial

Drive-In Doors 4
Conditioned Warehouse No

Additional Details

Utilities to Site Yes
Property Use Storage

Amenities

1
Slab
Concrete
No
2000
17
Metal
16988
100X172
2
Corner
0.39
10

Building Details

Year Built 1977
Buildings 2
Stories 1
Construction steel
Listing Agency: Raeco Realty
Listed By: Garrett Criswell
Source: Thedouglasshometeam
Added: Jun 18 Changed: Nov 13 Last Checked: Nov 13 at 7:56PM

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 Raeco Realty

Rey
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Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This self-storage property consists of two steel buildings. The south building contains 17 storage units and has spray-foam insulation, updated electrical service and lighting, and a security camera system. Units 2 and 16 each provide exterior garage-door access as well as an interior roll-up door. A separate garage door on the side of the building opens to the alley for loading and unloading.

The north building has one overhead garage door, a new electrical panel, and an area plumbed for a future bathroom. The buildings are not currently climate controlled, though conversion is possible. Separate utility meters serve each structure, allowing utilities to be managed independently.

Key Highlights

  • Two steel buildings; south building has 17 storage units
  • South building features spray‑foam insulation, updated electrical and lighting, and security cameras
  • Units 2 and 16 have exterior garage doors and interior roll‑up doors

Property Analytics

Current Use

Self storage facilities

Suggested Use

Top Pick Dental Office HVAC Service Storage Facility Kitchen & Bath Showroom Locksmith Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Drive-in doors
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

544
Businesses Nearby

Demographics for 47960, IN

15,029
Population
9,757
Households
1.5
Avg Household Size
47
Median Age
18%
College-Educated
91%
High-School Grad
118.3 sq mi
ZIP Area
127
Density / Sq Mi
$61,087
Median Household Income
$38,389
Median Earnings
$852
Median Rent
$179,300
Median Home Value

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

Frequently Asked Questions

What type of property is this?
Self storage facility - Two steel buildings have separate utility meters, updated electrical systems, and potential for climate-control conversion.
Where is this self storage facility located?
The property is located at 457 W Foster Street Monticello, IN.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Two steel buildings; south building has 17 storage units; South building features spray‑foam insulation, updated electrical and lighting, and security cameras; Units 2 and 16 have exterior garage doors and interior roll‑up doors
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