4470 Lincoln HwyBourbon, IN 46504

Property Details for 4470 Lincoln Hwy

Year built

1959

Construction

TYPE NOT SPECIFIED

Lot size

3.02 AC

Property size (Sq ft)

6,484 SF

Property type

Retail properties

Property subtype

Auto shops

APN

50-33-23-000-005.000-001

APU

503323000005000001

Description

This exceptional industrial property, located at 4470 Lincoln Hwy in Bourbon, Indiana, presents a compelling investment opportunity. The property encompasses a total of 6,484 square feet of warehouse space, strategically divided across three buildings. This includes a main 6,484 square foot warehouse building, a 2,120 square foot pole barn, and an 800 square foot detached garage. The main warehouse features five loading docks, enhancing operational efficiency. A small office area is integrated within the commercial garage, providing convenient workspace. Situated on a sizable 3.02-acre lot, this property offers significant expansion potential. The property is zoned LI, making it suitable for a variety of industrial and manufacturing uses. The asking price is $325,000, translating to a price per square foot of $50.12. This prime location within an established industrial and agricultural area provides excellent access to transportation and infrastructure. The combination of ample space, multiple buildings, and convenient location makes this an attractive proposition for businesses seeking to establish or expand their operations in Marshall County, Indiana. The property's features and zoning make it ideal for a variety of industrial uses. The 46504 zip code offers easy access to regional transportation networks.

• CAP approach

  CAP return

  Valuation

  6%

  $1,792,690

  6.5%

  $1,654,791

  7%

  $1,536,592

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,128,243

  Geo Method

  $2,128,243

• Alternative Use

  Use

  Valuation

  Residential

  $1,395,878

  Hospitality

  $1,278,617

  Educational

  $1,063,794

  Medical

  $1,100,380

  Retail

  $1,654,791

Location Insight

City

Bourbon

County

Marshall

State

Indiana

Latitude

41.3022

Longitude

-86.1438

CBSA code

38500

CBSA name

PLYMOUTH, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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