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    Property profile & analytics
    OFF-MARKET Estimated value $990,000
    Warehouses

    1400 Wabash Ave, Rochester, IN 46975-2424

    69,746 SF 4 ac lot Built 1948
    Individually Owned 16-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US31-1054739
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1948
    Construction TYPE NOT SPECIFIED
    Total area 69,746 SF
    Lot 4 ac (174,240 SF)
    APN 25-07-09-352-001.000-009
    UPID US31-1054739
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $705k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.27M
    Blend (final) Blend
    $990k
    Owner & transaction history
    Martin K Vesole · 16 yrs held
    Martin K Vesole
    since 2010
    1 recorded transaction
    2010
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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