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Flex Industrial Facility
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461 E Michigan Street, Fortville, IN 46040

Two-building flex property with office, restroom, drive-in access, and an interior crane.

Property Size8,167 SF
Lot Size0.51 Acres
Price / SF$104.08
Days on Market9

Property Features for 461 E Michigan Street

General Information

Standard status Active
Size 8,167 SF
Lot size 0.51 Acres
Property subtype Industrial

Additional Details

Highway Access Yes
Drive-In Doors 1

Amenities

private office
restroom
12'x12' drive-in door
one-ton crane
electrical panels
electrical busbar systems

Building Details

Buildings 2
Tenancy Single
Listing Agency: Allies Commercial Realty
Listed By: Adam Stephenson · License #IN
Source: Crexi
Added: Sep 3 Changed: Sep 9 Last Checked: Sep 10 at 7:29AM

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 Allies Commercial Realty

Investment Insights

Based on property information with market context.

This Fortville flex property comprises two buildings totaling 8,167 square feet on a 0.51-acre site. The improvements include a private office, restroom, 12' x 12' drive-in door, and one-ton crane. Electrical infrastructure includes two panels and two busbar systems. Parking is provided across paved and compacted gravel areas positioned at the front and rear of the property.

Located at 461 E. Michigan Street, the facility offers interstate access through SR 13 to I-69. A tenant occupies the property under a lease running through March 14, 2027. Owner-user occupancy is scheduled to become available March 15, 2027, supporting either an investment purchase or a future operational transition.

Key Highlights

  • Two buildings totaling 8,167 square feet on a 0.51‑acre site
  • 12' x 12' drive‑in door and one‑ton interior crane
  • Private office and restroom included

Property Analytics

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Current Use

Central Tool Co Production Facility Carter Attic Insulation General Contractor U-Haul Neighborhood Dealer Car Rental Facility

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Bakery Furniture & Home Goods Carpet & Flooring Store Storage Facility

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

1
Drive-in doors
Single-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

346
Businesses Nearby
Under-served
Demand for This Use

Demographics for 46040, IN

16,669
Population
5,923
Households
2.8
Avg Household Size
36
Median Age
53%
College-Educated
94%
High-School Grad
31.5 sq mi
ZIP Area
529
Density / Sq Mi
$144,834
Median Household Income
$64,676
Median Earnings
$1,344
Median Rent
$433,800
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

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - Two-building flex property with office, restroom, drive-in access, and an interior crane.
Where is this flex space located?
The property is located at 461 E Michigan Street Fortville, IN.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two buildings totaling 8,167 square feet on a 0.51‑acre site; 12' x 12' drive‑in door and one‑ton interior crane; Private office and restroom included
(317) 908-6479 Call to check price and availability
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