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Property profile & analytics
OFF-MARKET Estimated value $1,175,000
Warehouses

111 Broad St South Whitley, IN 46787-1335

117,004 SF 4.17 ac lot Built 1959
Entity Owned Free & Clear
Property ID
US31-2144549
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1959
Construction TYPE NOT SPECIFIED
Total area 117,004 SF
Lot 4.17 ac (181,483 SF)
APN 92-08-04-118-005.900-002
UPID US31-2144549
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
$825k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.52M
Blend (final) Blend
$1.18M
Owner & transaction history
SANTA FE PROPERTY HOLDINGS LLC
SANTA FE PROPERTY HOLDINGS LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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