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    245 Erie St Huntington, IN 46750

    Sponsored
    For Sale
    $475,000

    53,154 SF Warehouse, Owner/User Opportunity

    Property size:
    53,154 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional industrial property, located at 245 Erie St, Huntington, IN 46750, presents a compelling investment opportunity for owner-users or investors. The 53,154 square foot building, situated on a 2.77-acre lot, features 50,654 square feet of warehouse space and 2,500 square feet of dedicated office space. Built in 1949 and renovated in 1996, the Class B building boasts a 16-foot ceiling height and is zoned I-2. The property includes an enclosed dock, a sprinkler system, ample surface parking, and outdoor storage, enhancing operational efficiency and security. Its prime corner location provides excellent visibility and accessibility, further complemented by over 1,000 feet of combined road frontage. The property is currently vacant, with an occupancy date of March 11, 2024. The asking price is $475,000 ($8.94/SF). Conveniently located minutes from US-24, US-224, and I-69, this property offers significant potential for various industrial uses. The property's APN is 35-05-14-200-343.700-005 35-05-14-200-343.600-005 35-05-14-200-343.800-005. The building has one elevator and 300 amp, 3-phase power. A privacy fence enhances security.

    Property Features for 245 Erie St

    General Information

    Property type
    Distribution properties
    Square Feet
    53,154 SF
    Class
    B
    Lot Size
    120,661 SF

    Building Details

    Year Built/Renovated
    1949/1996
    Buildings
    1
    Stories
    2

    HighLights

    • Multi‑use property offering office, industrial, and warehouse space.
    • Ideal for owner‑occupancy or investment.
    • Excellent for logistics and warehousing operations.
    • Secure gated lot providing privacy.
    • High visibility corner lot.
    • 2,500 SF of dedicated office space.
    Property Profile 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
    Huntington
    County
    Huntington
    State
    Indiana
    Longitude
    -85.48238517
    Latitude
    40.88171319

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    FAQs

    What type of property is this?
    Distribution property - 53,154 SF Warehouse, Owner/User Opportunity
    Where is this distribution property located?
    The property is located at 245 Erie St Huntington, IN.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: Multi-use property offering office, industrial, and warehouse space.; Ideal for owner-occupancy or investment.; Excellent for logistics and warehousing operations.
    Request Owner's contact information
    245 Erie St Huntington, IN 46750
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    Huntington, IN 46750
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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
    245 Erie St Huntington, IN 46750
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