222 Broadway Hillsdale, IN 47854

Property Details for 222 Broadway

Year built

2017

Lot size

9.00 lot acres

Property size

50,000 SF

Property type

Warehouses

Property subtype

Industrial properties

Description

This exceptional 50,000-square-foot Class A industrial warehouse, situated on a 9-acre lot within the Vermillion Rise Mega Park in Hillsdale, Indiana, presents a compelling owner-user opportunity. Built in 2017, the single-story building boasts a 32-foot ceiling height and features three loading docks, plus a 14'x18' drive-in door. The precast concrete structure, with a sloped deck roof and TPO membrane, is currently a grey shell, fully prepared to receive an industrial-grade concrete floor. The expansive site is completely finished, including sidewalks, asphalt parking, landscaping, and truck aprons. The property's strategic location offers easy access to I-74 and I-70, placing it within reach of a substantial workforce and major economic drivers. The Vermillion Rise Mega Park provides access to Panhandle Eastern Pipeline gas, water, and sewer services, along with Duke Energy electricity, and a 7MW substation is located within a quarter-mile. Further enhancing its appeal, this property is located within a Tax Increment Financing (TIF) district, providing access to unique development incentives, including property tax abatement and tax increment financing. The building's west wall, constructed of engineered metal, allows for straightforward expansion up to 200,000 square feet in multiple configurations. The asking price is $3,600,000, translating to $72 per square foot. The property's APN is 83-09-09-900-001.002-011. This is a fee simple ownership opportunity. The property includes 22 parking spaces. Zoning is permitted for industrial use.

Location Insight

City

Hillsdale

County

Vermillion

State

Indiana

Longitude

-87.391

Latitude

39.7772