222 Broadway Hillsdale, IN 47854
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.
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
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.