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    245 Erie St Huntington, IN 46750

    • Warehouses
    • 59,179 SF
    • 0.75 lot acres
    For Sale
    View listing
    $475,000
    Value Estimation
    Location Intelligence
    Property ID
    US31-1361276
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 245 Erie St

    Year built
    1925
    Construction
    WOOD
    Lot size
    0.75 lot acres
    Property size
    59,179 SF
    Property type
    Warehouses
    APN
    35-05-14-200-343.700-005
    APU
    350514200343700005

    Description

    This exceptional industrial property, located at 245 Erie St, Huntington, IN 46750, presents a compelling investment opportunity for owner-users or investors. The 53,154 square foot building, situated on a 2.77-acre lot, features 50,654 square feet of warehouse space and 2,500 square feet of dedicated office space. Built in 1949 and renovated in 1996, the Class B building boasts a 16-foot ceiling height and is zoned I-2. The property includes an enclosed dock, a sprinkler system, ample surface parking, and outdoor storage, enhancing operational efficiency and security. Its prime corner location provides excellent visibility and accessibility, further complemented by over 1,000 feet of combined road frontage. The property is currently vacant, with an occupancy date of March 11, 2024. The asking price is $475,000 ($8.94/SF). Conveniently located minutes from US-24, US-224, and I-69, this property offers significant potential for various industrial uses. The property's APN is 35-05-14-200-343.700-005 35-05-14-200-343.600-005 35-05-14-200-343.800-005. The building has one elevator and 300 amp, 3-phase power. A privacy fence enhances security.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $360,000

    • CAP approach

      CAP return
      Estimation
      6%
      $485,000
      6.5%
      $470,000
      7%
      $450,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $480,000
      Geo Method
      $560,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $575,000
      Retail
      $460,000
      Mixed-Use
      $540,000
      Hospitality
      $435,000
      Educational
      $545,000
      Residential Income
      $495,000
      Energy
      $510,000
      Income-Based Land
      $510,000
      Food Service
      $430,000

    Location Insight

    • Map
    • Local Demand
    City
    Huntington
    County
    Huntington
    State
    Indiana
    Longitude
    -85.4822
    Latitude
    40.8827
    CBSA code
    26540
    CBSA name
    HUNTINGTON, IN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $9,102
    $23,300
    $280,100
    $303,400
    -
    $23,300
    $280,100
    $303,400

    Comparable in this City

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      10 Commercial Rd

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    • Value Estimation by Request
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      2054 Old Us Hwy 24

      STORAGE YARD, OPEN STORAGE • 11,686 SF
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      View Details

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      Versatile Industrial/Warehouse Asset For Sale

      53,154 SF industrial/warehouse space with office, gated lot.
      245 Erie St, Huntington, IN 46750
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    245 Erie St
    Huntington, IN 46750
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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