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    600 7Th St Albion, IN 46701

    For Sale
    $1,225,000

    37,102 SF Warehouse, Vacant, $1.225M

    Property size:
    37,102 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 37,102-square-foot industrial warehouse, located at 600 S 7th St, Albion, IN 46701, presents a significant investment opportunity. Situated on a 5.86-acre lot, this Class C property boasts a single-story building constructed in 1975 and renovated in 2004. The property is zoned IH (Heavy Industrial) and offers substantial power capabilities, including 2,000-4,000 AMP, 3-phase, 480V service. The warehouse features air-conditioned production and office areas, a fully sprinklered system, and impressive 19-foot clear ceiling heights. Loading is facilitated by two 8'x9' dock-high doors, complemented by five total overhead doors. Additional features include cranes, airlines, and electrical buss bars. The asking price is $1,225,000, translating to $33.02 per square foot. This vacant property is ready for immediate occupancy and offers significant potential for a variety of industrial uses. The property's APN is 57-13-19-100-032.000-002. This is a rare opportunity to acquire a well-maintained, sizable industrial space in a strategic location.

    Property Features for 600 7Th St

    General Information

    Property type
    Distribution properties
    Square Feet
    37,102 SF
    Class
    C
    Lot Size
    255,262 SF

    Building Details

    Year Built/Renovated
    1975/2004
    Buildings
    1
    Stories
    1
    Units
    1
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Albion
    County
    Noble
    State
    Indiana
    Longitude
    -85.4080887
    Latitude
    41.3893411

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    FAQs

    What type of property is this?
    Distribution property - 37,102 SF Warehouse, Vacant, $1.225M
    Where is this distribution property located?
    The property is located at 600 7Th St Albion, IN.
    What is the asking price?
    The asking price for this property is $1,225,000.
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    600 7Th St Albion, IN 46701
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    Albion, IN 46701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    600 7Th St Albion, IN 46701
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