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Property profile

553 State Rd Wheeler, IN

OFF-MARKET
Commercial real estate
1.9 ac lot Built 1980
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Property summary

AI-generated overview

This exceptional commercial property in Wheeler, Indiana, presents a unique investment opportunity. The expansive 10,000 square foot pole barn building sits on a generous 1.9-acre lot, offering significant space for various commercial uses. A newer 1,000 square foot office space is included, featuring three individual offices, a reception area, a conference room, and a full bathroom complete with central heating and air conditioning. The shop area boasts approximately ten 30,000 BTU infrared heaters, ensuring a comfortable work environment even in colder months. Access is convenient with five overhead doors. The property is equipped with 200-volt single-phase power. A comprehensive wireless camera security system is already in place, enhancing security and peace of mind. The sale includes a forklift, all existing office furniture, and the conference room table, representing a significant value-add. A large parking lot provides ample space for vehicles and equipment. The property is also wired for data and equipped with garage door openers for ease of access and operation. This turnkey property is ready for immediate occupancy and offers a rare combination of office and industrial space in a desirable location. The substantial size and included equipment make this an attractive proposition for a variety of businesses.

Property profile

Verified
Property type Commercial real estate
Year built 1980
Lot 1.9 ac (82,764 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

553 State Rd Wheeler, IN
Wheeler metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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