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    500 Range Line Rd Morristown, IN 46161

    Sponsored
    For Sale
    Contact for pricing

    151,224 SF Warehouse, Owner/User

    Property size:
    151,224 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 151,224-square-foot industrial property in Morristown, Indiana, presents a compelling owner-user or investment opportunity. Situated on a 26.9-acre lot, this Class B building features two structures, each single-story, built in 1974 and renovated in 2007. The property boasts 19 grade-level overhead doors and two dock-high doors, facilitating efficient loading and unloading. A spacious 80 x 235-foot bay, 24-foot clear ceiling height, and T5 lighting enhance functionality. The building also offers ample parking with 100 spaces and additional trailer parking. The property includes approximately 4,000 square feet of office space with a new roof, paint, and flooring. The site's strategic location provides easy access to major interstates (I-70, I-74, I-465, and I-69), the Indianapolis International Airport (40 miles), and the Cincinnati Shipping Port (50 miles). The property is also conveniently located less than half a mile from downtown Morristown and near the Honda plant in Greensburg, IN. Additional land (approximately 75,000 square feet) is available for expansion. The building is currently 100% occupied and has the capacity for a future ridge crane (20-foot hook height). This well-maintained facility offers significant potential for various industrial uses.

    Property Features for 500 Range Line Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    151,224 SF
    Class
    B
    Lot Size
    1,171,764 SF

    Building Details

    Year Built/Renovated
    1974/2007
    Buildings
    2
    Stories
    1

    HighLights

    • 155,000 SF manufacturing building available for sale, ideal for investors or owner‑occupiers.
    • Excellent interstate access via I‑70, I‑74, I‑465, and I‑69.
    • Multiple overhead and dock doors.
    • High‑power electrical service, T5 lighting, and crane.
    • Secure fenced lot with 100 car spaces and trailer parking.
    • Recently renovated office area with new roof, paint, and flooring.
    Property Profile Location Intelligence

    Current Use by Public Records

    Marcum's Welding & Steel ... Steel Fabricator Apex Electric And Sign ... Crane Service

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Hair Salon Auto Repair Shop Pharmacy Auto Parts Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Morristown
    County
    Shelby
    State
    Indiana
    Longitude
    -85.6853802
    Latitude
    39.6748655

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    Nearby Similar for Sale

    • $695,000
      10,390 SF

      Versatile Commercial Shop with Storage

      6,400 SF commercial shop with office and storage on 0.88 acres.
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      Manufacturing building with expansion land and proximity to interstates.
      500 N Range Line Rd, Morristown, IN 46161
      View Details

    FAQs

    What type of property is this?
    Distribution property - 151,224 SF Warehouse, Owner/User
    Where is this distribution property located?
    The property is located at 500 Range Line Rd Morristown, IN.
    What are key features of this property?
    This property features: 155,000 SF manufacturing building available for sale, ideal for investors or owner-occupiers.; Excellent interstate access via I-70, I-74, I-465, and I-69.; Multiple overhead and dock doors.
    Request Owner's contact information
    500 Range Line Rd Morristown, IN 46161
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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
    500 Range Line Rd Morristown, IN 46161
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