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    2709 Patterson St Decatur, IN 46733

    Sponsored
    For Lease
    $3 SF/Yr

    Single-Tenant Warehouse, 96,249 SF

    Lot size:
    96,249 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 96,249-square-foot industrial manufacturing facility, situated on a 5.87-acre lot, presents a unique investment opportunity. Built in 1983, the single-story building boasts a generous 18-foot ceiling height, ideal for various industrial applications. The property features three loading docks and eight dock-high doors, ensuring efficient loading and unloading operations. Power is readily available with 120, 240, and 480-volt service. The building's layout includes ample warehouse/production space, complemented by dedicated office and break room areas. Its previous use as a fiberglass facility speaks to its structural integrity and adaptability. The property is zoned for industrial use and is conveniently located near Guy Brown Street. The seller is open to dividing sections of the building for lease, offering flexibility for potential tenants. This presents a rare chance to acquire a substantial industrial property with significant potential for various uses, including warehousing and manufacturing. The building's size, ample power supply, and convenient access make it an attractive option for businesses seeking a well-equipped and strategically located facility. The existing office and break room spaces offer immediate functionality, minimizing the need for extensive renovations. This property is ready for immediate occupancy and offers a strong return on investment.

    Property Features for 2709 Patterson St

    General Information

    Property type
    Manufacturing properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    96,249 SF
    Total Rate
    30077.81

    Building Details

    Year Built
    1983
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    95,915 SF
    Rate per SF
    $3

    HighLights

    • 96,249 SF single‑tenant industrial manufacturing facility.
    • 5.87‑acre site.
    • 1983 construction, one‑story building.
    • 18' clear ceiling height.
    • Three loading docks with eight dock‑high doors.
    • 120/240/480‑volt power.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Adams
    State
    Indiana
    Longitude
    -84.9529155
    Latitude
    40.8235395

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    Nearby Similar for Lease

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      63,248 SF industrial building with expansion potential on 10 acres.
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      57,000 SF warehouse space for lease in Decatur, Indiana.
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      Decatur Retail Space For Lease

      Retail spaces available in Decatur Shoppes, Decatur, Indiana.
      519-625 N 13Th St, Decatur, IN 46733
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - Single-Tenant Warehouse, 96,249 SF
    Where is this manufacturing property located?
    The property is located at 2709 Patterson St Decatur, IN.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: 96,249 SF single-tenant industrial manufacturing facility.; 5.87-acre site.; 1983 construction, one-story building.
    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
    2709 Patterson St Decatur, IN 46733
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