1400 In-32 Lebanon, IN 46052
This exceptional Class A industrial property, located at 1400 IN-32 in Lebanon, Indiana (zip code 46052), offers 50,000 square feet of versatile space ideal for distribution, research & development, or warehousing. The single-story building sits on a 9.38-acre lot within the Planned Business Industrial zoning of Boone County. Features include a 32-foot ceiling height, four loading docks, and ample parking for 44 vehicles, with expansion potential. The building's dimensions are currently 210' x 240', expandable to 210' x 390', offering significant growth opportunities. The column spacing is 70' x 30'. This property boasts excellent access to major transportation routes, situated just west of the I-65 interchange on State Road 32. It's strategically located 28 miles from Downtown Indianapolis, 32 miles from the Indianapolis International Airport, and 155 miles from Downtown Chicago, providing convenient access to key markets. The property is available for sale or lease under a NNN lease structure. This is a rare opportunity to acquire a high-quality, strategically located industrial facility with significant expansion potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.