Current Use by Public Records
- Warehouses
Property Details for 222 Broadway
- Year built
- 2017
- Lot size
- 9.00 lot acres
- 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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Hillsdale
- County
- Vermillion
- State
- Indiana
- Longitude
- -87.391
- Latitude
- 39.7772
