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    1514 Progress Dr Albion, IN 46701

    For Sale
    Contact for pricing

    59,200 SF Warehouse, Immediate Occupancy

    Property size:
    59,200 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 59,200-square-foot industrial warehouse in Albion, Indiana, presents a compelling investment opportunity. Located at 1514 Progress Dr., this single-story, 1994-built facility sits on a 5.89-acre lot (APN: 57-12-20-400-005.000-022) and is zoned IH/Industrial Light. The building features a pre-engineered steel construction, a standing seam metal roof, and 6-inch reinforced concrete floors. High ceilings range from 13 to 20 feet, supported by 13 ground-mounted HVAC units ensuring climate control throughout the space. The property boasts ample parking with 84 spaces and energy-efficient LED lighting. Loading is facilitated by four truck docks and one drive-in door. Electrical service is robust at 1,200 amps. The property is available immediately for sale or lease. The lease rate is $3.95 per square foot per year (NNN). The sale price is available upon request. This well-maintained property offers significant potential for various business ventures, benefiting from its strategic location near SR 8 and I-69. The property is suitable for a single tenant.

    Property Features for 1514 Progress Dr

    General Information

    Property type
    Distribution properties
    Square Feet
    59,200 SF
    Lot Size
    256,568 SF

    Building Details

    Year Built
    1994
    Buildings
    1
    Stories
    1

    HighLights

    • 59,200 SF warehouse on 5.89 acres in Albion, IN.
    • NNN lease at $3.95/SF/year.
    • 1994 construction with 20' ceiling height (13' in some areas).
    • Four loading docks and one drive‑in door.
    • 1,200 amp electric service and fully air‑conditioned.
    • Immediately available; Sale price upon request.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Realty agency Building Supply Auto Repair Shop Storage Facility Veterinary Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Albion
    County
    Noble
    State
    Indiana
    Longitude
    -85.4019226
    Latitude
    41.3926095

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    FAQs

    What type of property is this?
    Distribution property - 59,200 SF Warehouse, Immediate Occupancy
    Where is this distribution property located?
    The property is located at 1514 Progress Dr Albion, IN.
    What are key features of this property?
    This property features: 59,200 SF warehouse on 5.89 acres in Albion, IN.; NNN lease at $3.95/SF/year.; 1994 construction with 20' ceiling height (13' in some areas).
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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
    1514 Progress Dr Albion, IN 46701
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