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Property profile & analytics
FOR SALE
Manufacturing properties

1000 N Morton St Portland, IN 47371

73,243 SF 3.15 ac lot Built 1978
Entity Owned Absentee Owner Free & Clear
Property ID
US31-1954208
Property summary
AI-generated overview

This exceptional 115,993-square-foot industrial building in Portland, Indiana, presents a significant investment opportunity. Located at 1000 N Morton St, this property sits on a 5.67-acre lot and boasts a desirable IND/Industrial District zoning. Built in 1978 with renovations between 2006 and 2018, the building features 6 loading docks and 8 drive-in doors, facilitating efficient logistics. The warehouse space includes a substantial 41,000-square-foot clear span area constructed in 2018, complemented by 2,553 square feet of office space. Ceiling heights range from 14 to 18 feet, providing ample vertical space. The property also offers robust power with a 5,000-amp, 480-volt, 3-phase electrical service and is fully sprinklered for enhanced safety. With 100 parking spaces and a sale price of $4,400,000 ($37.93/SF), this property is ideal for various industrial uses, including manufacturing, storage, and distribution. The property's history includes uses such as painting, injection molding, and metalizing.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1978
Construction TYPE NOT SPECIFIED
Total area 73,243 SF
Lot 3.15 ac (137,388 SF)
APN 38-07-16-304-003.000-034
UPID US31-1954208
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$855k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.00M
Blend (final) Blend
$930k
Owner & transaction history
J2C2 LLC
J2C2 LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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