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    1400 Wabash Ave Rochester, IN 46975

    For Lease
    $2 SF/Yr ($12,468 /Mo)

    Rochester, IN Industrial Warehouse

    Lot size:
    66,500 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 66,500-square-foot industrial warehouse, located at 1400 Wabash Avenue in Rochester, Indiana, presents a significant opportunity. Built in 1948 and renovated in 1970, this single-tenant property sits on a four-acre lot and features a robust infrastructure. The building boasts 14' to 23' ceiling heights, five loading docks, and ample parking (25+ spaces). Interior features include steel/block construction, six-inch concrete floors, fluorescent lighting, a sprinkler system, gas and radiant heat, and 208/277 Volt/3-phase power. Three overhead doors and rail access further enhance its functionality. Zoned I-1, this property benefits from municipal utilities and a convenient location near US 31, offering easy access to major metropolitan areas: approximately 45 miles from South Bend, 90 miles from Indianapolis, and 120 miles from Chicago. The Fulton County location in Rochester, Indiana, provides a high quality of life, with attractions such as Lake Manitou. The property's APN is 25-07-09-352-001.000-009. This is a rare opportunity to acquire a substantial, well-maintained industrial warehouse in a desirable location.

    Property Features for 1400 Wabash Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    66,500 SF
    Total Rate
    12468.75

    Building Details

    Year Built/Renovated
    1948/1970
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Entire Property
    Size
    66,500 SF
    Rate per SF
    $2

    HighLights

    • Rail access.
    • 66,500 SF industrial warehouse with 1,600 SF office.
    • Five loading docks and three overhead doors.
    • Convenient US‑31 location, near South Bend, Indianapolis, and Chicago.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Rochester
    County
    Fulton
    State
    Indiana
    Longitude
    -86.2046517
    Latitude
    41.058083

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    FAQs

    What type of property is this?
    Distribution property - Rochester, IN Industrial Warehouse
    Where is this distribution property located?
    The property is located at 1400 Wabash Ave Rochester, IN.
    What is the lease rate?
    The lease rate is $2 SF/Yr.
    What are key features of this property?
    This property features: Rail access.; 66,500 SF industrial warehouse with 1,600 SF office.; Five loading docks and three overhead doors.
    Request Owner's contact information
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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
    1400 Wabash Ave Rochester, IN 46975
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