111 Broad St South Whitley, IN 46787
- Warehouses
- 117,004 SF
- 4.17 lot acres
Current Use by Public Records
- Warehouses
Property Details for 111 Broad St
- Year built
- 1959
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 4.17 lot acres
- Property size
- 117,004 SF
- Property type
- Warehouses
- APN
- 92-08-04-118-005.900-002
- APU
- 920804118005900002
Description
This exceptional 117,004-square-foot property in South Whitley, Whitley County, presents a unique opportunity for diverse business ventures. Situated on 4.17 acres at 111 E Broad St, this multi-use building offers a flexible layout ideal for industrial, office, and retail operations. The property features a 97,004-square-foot warehouse with four loading docks, five drive-in doors, 20'x30' column spacing, and ceiling heights ranging from 12 to 16 feet. A separate 20,000-square-foot, two-story office building provides private offices and retail space, potentially divisible from the warehouse. The property boasts significant power (2,500 Amp, 208 Volt, 3-Phase), partial air conditioning, air compressor lines, new heaters, LED lighting, surge protection, and a comprehensive sprinkler system. Six restrooms are conveniently located throughout the building. The property is zoned I-1 (Limited Industrial) and offers excellent frontage of 315 feet on State Road 5 (N State St), with cross streets at SR 5 & Broad St. Minimum divisible space is 9,546 square feet, with a maximum contiguous space of 117,004 square feet; the entire 117,004 square feet is currently vacant. Built in 1959, this two-story building presents a substantial opportunity for a single tenant or multiple tenants seeking a prime location in a strong industrial market. The property's APN is 92-08-04-118-005.900-002 & 92-08-04-115-006.900-002.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $825,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,040,000
- 6.5%
- $970,000
- 7%
- $960,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $880,000
- Geo Method
- $1,055,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,105,000
- Retail
- $875,000
- Mixed-Use
- $1,040,000
- Hospitality
- $1,170,000
- Educational
- $840,000
- Residential Income
- $940,000
- Energy
- $1,085,000
- Income-Based Land
- $1,070,000
- Food Service
- $1,005,000
Location Insight
- Map
- Local Demand
- City
- South Whitley
- County
- Whitley
- State
- Indiana
- Longitude
- -85.6268
- Latitude
- 41.0878
- CBSA code
- 23060
- CBSA name
- FORT WAYNE, IN METROPOLITAN STATISTICAL AREA
