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    111 Broad St South Whitley, IN 46787

    For Lease
    $2 SF/Yr

    Versatile multi-use space, 117,004 SF

    Lot size:
    117,004 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 117,004-square-foot property in South Whitley, Whitley County, presents a unique opportunity for diverse business ventures. Situated on 4.17 acres at 111 E Broad St, this multi-use building offers a flexible layout ideal for industrial, office, and retail operations. The property features a 97,004-square-foot warehouse with four loading docks, five drive-in doors, 20'x30' column spacing, and ceiling heights ranging from 12 to 16 feet. A separate 20,000-square-foot, two-story office building provides private offices and retail space, potentially divisible from the warehouse. The property boasts significant power (2,500 Amp, 208 Volt, 3-Phase), partial air conditioning, air compressor lines, new heaters, LED lighting, surge protection, and a comprehensive sprinkler system. Six restrooms are conveniently located throughout the building. The property is zoned I-1 (Limited Industrial) and offers excellent frontage of 315 feet on State Road 5 (N State St), with cross streets at SR 5 & Broad St. Minimum divisible space is 9,546 square feet, with a maximum contiguous space of 117,004 square feet; the entire 117,004 square feet is currently vacant. Built in 1959, this two-story building presents a substantial opportunity for a single tenant or multiple tenants seeking a prime location in a strong industrial market. The property's APN is 92-08-04-118-005.900-002 & 92-08-04-115-006.900-002.

    Property Features for 111 Broad St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    117,004 SF
    Total Rate
    28763.48

    Building Details

    Year Built
    1959
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Retail Storefront
    Size
    9,546 SF
    Rate per SF
    $4
    Space
    Warehouse
    Size
    117,004 SF
    Rate per SF
    $4
    Space
    Office Space
    Size
    117,004 SF
    Rate per SF
    $4

    HighLights

    • Highly versatile 117,004 SF building suitable for industrial, office, and retail uses.
    • Features 2,500 Amp, 208 Volt, 3‑Phase power; partial air conditioning; air compressor lines; new heaters; LED lighting; surge protection; and a full fire sprinkler system.
    • Excellent location in a strong Whitley County industrial market.
    • 97,004 SF warehouse includes four dock‑high doors, five drive‑in doors, 20'x30' column spacing, and 12'-16' clear ceiling heights.
    • 20,000 SF two‑story office space with private offices and retail space, potentially divisible from the warehouse.
    • Includes six restrooms, a full fire sprinkler system, dual 2,500 Amp, 208 Volt, 3‑Phase electrical feeds, partial air conditioning, and suspended gas heaters.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    South Whitley
    County
    Whitley
    State
    Indiana
    Longitude
    -85.627940442792
    Latitude
    41.087323385834

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    FAQs

    What type of property is this?
    Individual retail property - Versatile multi-use space, 117,004 SF
    Where is this individual retail property located?
    The property is located at 111 Broad St South Whitley, IN.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: Highly versatile 117,004 SF building suitable for industrial, office, and retail uses.; Features 2,500 Amp, 208 Volt, 3-Phase power; partial air conditioning; air compressor lines; new heaters; LED lighting; surge protection; and a full fire sprinkler system.; Excellent location in a strong Whitley County industrial market.
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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
    111 Broad St South Whitley, IN 46787
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