Single-Tenant Industrial
For Sale
Contact for pricing
624 N Front St, Whiteland, IN 46184
Five single-tenant industrial properties are leased to Groundworks under corporate guaranty, with 2.5% annual escalations.
Property Size79,239 SF
Days on Market122
Property Features for 624 N Front St
General Information
Standard status
Active
Size
79,239 SF
Property subtype
Industrial
Occupancy
100%
Building Details
Tenancy
Single
Listing Agency:
The Boulder Group
(847) 562-0003
Listed By:
Randy Blankstein · License #IL 471005983
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 5:33AM
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 The Boulder Group
Investment Insights
Based on property information with market context.
This sale offers a portfolio of five single-tenant industrial properties leased to Groundworks. The portfolio totals 79,239 square feet and is structured with 2.5% annual rental escalations and two 5-year renewal options in each lease. The weighted average term remaining is over 9 years, with corporate guaranty provided by Groundworks.
Groundworks is described as headquartered in Virginia Beach, Virginia, and provides foundation and water management solutions, including foundation repair and basement waterproofing, crawl space repair and encapsulation, plumbing, gutter installation, and concrete lifting services. The marketing materials also state that Groundworks operates over 50 offices and that each Groundworks location serves as the perspective area’s warehouse for tools and supplies for multiple metro areas listed in the remarks, including Indianapolis, Kansas City, Grand Junction, Minneapolis, and Columbia.
The portfolio is being exclusively marketed for sale, with a stated total net operating income of $1,103,389 across the five properties.
Groundworks is described as headquartered in Virginia Beach, Virginia, and provides foundation and water management solutions, including foundation repair and basement waterproofing, crawl space repair and encapsulation, plumbing, gutter installation, and concrete lifting services. The marketing materials also state that Groundworks operates over 50 offices and that each Groundworks location serves as the perspective area’s warehouse for tools and supplies for multiple metro areas listed in the remarks, including Indianapolis, Kansas City, Grand Junction, Minneapolis, and Columbia.
The portfolio is being exclusively marketed for sale, with a stated total net operating income of $1,103,389 across the five properties.
Key Highlights
- Portfolio of five single‑tenant industrial properties leased to Groundworks with corporate guaranty
- Total 79,239 SF with net operating income of $1,103,389
- Each lease includes 2.5% annual rental escalations and two 5‑year renewal options
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
277
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46184, IN
13,023
Population
5,290
Households
2.5
Avg Household Size
36
Median Age
25%
College-Educated
92%
High-School Grad
18.1 sq mi
ZIP Area
720
Density / Sq Mi
$90,250
Median Household Income
$48,443
Median Earnings
$1,684
Median Rent
$205,100
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Indy Store — 735 Tracy Rd, Whiteland, IN 46184
- New Whiteland Self Storage — 1003 US 31 S, New Whiteland, IN 46184
Frequently Asked Questions
What type of property is this?
Warehouse - Five single-tenant industrial properties are leased to Groundworks under corporate guaranty, with 2.5% annual escalations.
Where is this warehouse located?
The property is located at 624 N Front St Whiteland, IN.
What are key features of this property?
This property features: Portfolio of five single‑tenant industrial properties leased to Groundworks with corporate guaranty; Total 79,239 SF with net operating income of $1,103,389; Each lease includes 2.5% annual rental escalations and two 5‑year renewal options
