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    4747 Western Ave Connersville, IN 47331

    For Lease
    Contact for pricing

    Fayette County Manufacturing/Flex Space

    Lot size:
    1,651,699 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This expansive industrial property in Fayette County offers 1,651,699 square feet of space, with 908,345 square feet currently vacant and available for lease. The property features multiple tenancy options, ranging from a minimum of 55,742 square feet to a maximum contiguous space of 908,345 square feet. Built in 1953 and renovated in 1989, this two-story building boasts a 30-foot ceiling height in the main plant and a substantial 42- to 44-foot clearance in the high bay area. Loading capabilities include 25 dock-high doors and 17 drive-in doors, supported by ample parking for 2,600 vehicles. The property includes three elevators and benefits from robust power options: 480, 240 3-phase, and 4160 to 110 Volt single-phase. Situated on 184 acres of land, the property is zoned I-1 (Light Industrial) and features a rail spur with two rail doors and 2,000 feet of track. Additional amenities include a rainwater catch basin, DSL and cable connectivity, and existing network drops. The current renovation includes painting, lighting upgrades (LED in progress), roof repairs, and dock improvements. Column dimensions are 60' x 40', and walls consist of 8-10 feet of concrete followed by 3-inch insulated metal siding. The property is conveniently located 12 miles from I-70, making it ideal for logistics and manufacturing operations. The APN is 21-05-01-300.003.000-008 | 21-05-01-300-002.000-008 | 21-05-01-300-008.000-008 | 21-05-02-400-003.000-008.

    Property Features for 4747 Western Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,651,699 SF

    Building Details

    Year Built/Renovated
    1953/1989
    Stories
    2

    Unit(s) available at that property

    Space
    Available Space 1
    Size
    557,571 SF
    Space
    Available Space 4
    Size
    55,742 SF
    Space
    Available Space 3
    Size
    75,364 SF
    Space
    Available Space 2
    Size
    219,668 SF

    HighLights

    • 1,651,699 SF industrial property with 908,345 SF of vacant space available for lease.
    • Multiple tenants, with spaces ranging from 55,742 SF to 908,345 SF contiguous.
    • Located on 184 acres in Fayette County, with I‑70 access within 12 miles.
    • Features include 25 dock‑high doors, 17 drive‑ins, 2,600 parking spaces, and 3 elevators.
    • High ceilings (30' in main plant; 42'-44' in high bay), 480, 240 3‑phase, and 4160 to 110 Volt single‑phase power.
    • Building amenities include a rail spur with two rail doors and 2,000 feet of track, a rainwater catch basin, and existing network drops.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Building Supply Auto Repair Shop Hair Salon Wholesale Shop Clothing Store Hotel & Motel Pharmacy Department Store Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Connersville
    County
    Fayette
    State
    Indiana
    Longitude
    -85.1414542
    Latitude
    39.6909048

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    Nearby Similar for Lease

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    FAQs

    What type of property is this?
    Distribution property - Fayette County Manufacturing/Flex Space
    Where is this distribution property located?
    The property is located at 4747 Western Ave Connersville, IN.
    What are key features of this property?
    This property features: 1,651,699 SF industrial property with 908,345 SF of vacant space available for lease.; Multiple tenants, with spaces ranging from 55,742 SF to 908,345 SF contiguous.; Located on 184 acres in Fayette County, with I-70 access within 12 miles.
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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
    4747 Western Ave Connersville, IN 47331
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