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    2605 Marion Dr Kendallville, IN 46755

    For Lease
    $4 SF/Yr

    179,160 SF Manufacturing/Warehouse

    Lot size:
    179,160 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional Kendallville, IN industrial property offers 179,160 square feet of manufacturing and warehouse space on two parcels totaling 24.19 acres. The building, constructed in 1988 and renovated in 1992, features a two-story design with impressive ceiling heights ranging from 17 to 27 feet. The property includes six loading docks, three drive-ins, and 288 parking spaces. It boasts substantial power (1,600, 1,200, & 2,000 amp service), ESFR/AFFF sprinkler systems, compressed air, and full air conditioning. A significant 13,800 square foot office area with break room and restrooms, plus a 20,000 square foot mezzanine, adds to its functionality. The property is zoned IR and is offered for sale at $8,600,000 ($48.00/sf) or lease at $4.50 NNN. This prime location in Noble County presents a rare opportunity for businesses seeking a well-equipped, expansive industrial facility. The APN is 57-07-35-200-013-001.020 57-07-35-200-012-000.019.

    Property Features for 2605 Marion Dr

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    179,160 SF
    Total Rate
    67185

    Building Details

    Year Built/Renovated
    1988/1992
    Stories
    2

    Unit(s) available at that property

    Space
    Size
    179,160 SF
    Rate per SF
    $4

    HighLights

    • 179,160 SF industrial building on 15.27 acres in Noble County, Indiana.
    • Single‑tenant occupancy.
    • Manufacturing/warehouse space with 27', 20', and 17' ceiling heights.
    • Features include ESFR/AFFF sprinklers, compressed air, and full air conditioning.
    • 6 loading docks, 3 drive‑ins, and 288 parking spaces.
    • 13,800 SF of office space, break room, restrooms, and a 20,000 SF mezzanine.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Clothing Store Pharmacy Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Kendallville
    County
    Noble
    State
    Indiana
    Longitude
    -85.2180868
    Latitude
    41.4416293

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    FAQs

    What type of property is this?
    Distribution property - 179,160 SF Manufacturing/Warehouse
    Where is this distribution property located?
    The property is located at 2605 Marion Dr Kendallville, IN.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: 179,160 SF industrial building on 15.27 acres in Noble County, Indiana.; Single-tenant occupancy.; Manufacturing/warehouse space with 27', 20', and 17' ceiling heights.
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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
    2605 Marion Dr Kendallville, IN 46755
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