500 Range Line Rd Morristown, IN 46161
- Industrial properties
- 4,180 SF
- 26.90 lot acres
Current Use by Public Records
- Marcum's Welding & Steel Processing, Inc. / Steel Distributor / Welder
- Apex Electric And Sign Company, Inc. / Crane Service
Property Details for 500 Range Line Rd
- Year built
- 1974
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 26.90 lot acres
- Property size
- 4,180 SF
- Property type
- Industrial properties
- APN
- 73-04-07-300-033.000-008
- APU
- 730407300033000008
Description
This exceptional 151,224-square-foot industrial property in Morristown, Indiana, presents a compelling owner-user or investment opportunity. Situated on a 26.9-acre lot, this Class B building features two structures, each single-story, built in 1974 and renovated in 2007. The property boasts 19 grade-level overhead doors and two dock-high doors, facilitating efficient loading and unloading. A spacious 80 x 235-foot bay, 24-foot clear ceiling height, and T5 lighting enhance functionality. The building also offers ample parking with 100 spaces and additional trailer parking. The property includes approximately 4,000 square feet of office space with a new roof, paint, and flooring. The site's strategic location provides easy access to major interstates (I-70, I-74, I-465, and I-69), the Indianapolis International Airport (40 miles), and the Cincinnati Shipping Port (50 miles). The property is also conveniently located less than half a mile from downtown Morristown and near the Honda plant in Greensburg, IN. Additional land (approximately 75,000 square feet) is available for expansion. The building is currently 100% occupied and has the capacity for a future ridge crane (20-foot hook height). This well-maintained facility offers significant potential for various industrial uses.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Morristown
- County
- Shelby
- State
- Indiana
- Longitude
- -85.6855
- Latitude
- 39.6745
- CBSA code
- 26900
- CBSA name
- INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA