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    1000 Morton St Portland, IN 47371

    For Sale
    $4,400,000

    116,000 SF Warehouse, 5.67 Acres

    Property size:
    115,993 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 115,993-square-foot industrial building in Portland, Indiana, presents a significant investment opportunity. Located at 1000 N Morton St, this property sits on a 5.67-acre lot and boasts a desirable IND/Industrial District zoning. Built in 1978 with renovations between 2006 and 2018, the building features 6 loading docks and 8 drive-in doors, facilitating efficient logistics. The warehouse space includes a substantial 41,000-square-foot clear span area constructed in 2018, complemented by 2,553 square feet of office space. Ceiling heights range from 14 to 18 feet, providing ample vertical space. The property also offers robust power with a 5,000-amp, 480-volt, 3-phase electrical service and is fully sprinklered for enhanced safety. With 100 parking spaces and a sale price of $4,400,000 ($37.93/SF), this property is ideal for various industrial uses, including manufacturing, storage, and distribution. The property's history includes uses such as painting, injection molding, and metalizing.

    Property Features for 1000 Morton St

    General Information

    Property type
    Distribution properties
    Square Feet
    115,993 SF
    Lot Size
    246,985 SF

    Building Details

    Year Built/Renovated
    1978/2006

    HighLights

    • $4,400,000 asking price for this 115,993 SF industrial building.
    • Located in Portland, IN, within the IND/Industrial District.
    • Features 6 loading docks and 8 drive‑in doors.
    • Offers 41,000 SF of clear‑span warehouse space (built 2018) and 2,553 SF of office space.
    • Includes 5.67 acres of land with 100 parking spaces.
    • Boasts 14'-18' ceiling heights and a 5,000 Amp, 480 Volt 3‑phase power supply.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Jay
    State
    Indiana
    Longitude
    -84.969302
    Latitude
    40.441067

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    FAQs

    What type of property is this?
    Distribution property - 116,000 SF Warehouse, 5.67 Acres
    Where is this distribution property located?
    The property is located at 1000 Morton St Portland, IN.
    What is the asking price?
    The asking price for this property is $4,400,000.
    What are key features of this property?
    This property features: $4,400,000 asking price for this 115,993 SF industrial building.; Located in Portland, IN, within the IND/Industrial District.; Features 6 loading docks and 8 drive-in doors.
    Request Owner's contact information
    1000 Morton St Portland, IN 47371
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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
    1000 Morton St Portland, IN 47371
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