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Property profile & analytics
OFF-MARKET Estimated value $990,000
Warehouses

1400 Wabash Ave Rochester, IN 46975-2424

69,746 SF 4 ac lot Built 1948
Individually Owned 16-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US31-1054739
Property summary
AI-generated overview

This exceptional 66,500-square-foot industrial warehouse, located at 1400 Wabash Avenue in Rochester, Indiana, presents a significant opportunity. Built in 1948 and renovated in 1970, this single-tenant property sits on a four-acre lot and features a robust infrastructure. The building boasts 14' to 23' ceiling heights, five loading docks, and ample parking (25+ spaces). Interior features include steel/block construction, six-inch concrete floors, fluorescent lighting, a sprinkler system, gas and radiant heat, and 208/277 Volt/3-phase power. Three overhead doors and rail access further enhance its functionality. Zoned I-1, this property benefits from municipal utilities and a convenient location near US 31, offering easy access to major metropolitan areas: approximately 45 miles from South Bend, 90 miles from Indianapolis, and 120 miles from Chicago. The Fulton County location in Rochester, Indiana, provides a high quality of life, with attractions such as Lake Manitou. The property's APN is 25-07-09-352-001.000-009. This is a rare opportunity to acquire a substantial, well-maintained industrial warehouse in a desirable location.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1948
Construction TYPE NOT SPECIFIED
Total area 69,746 SF
Lot 4 ac (174,240 SF)
APN 25-07-09-352-001.000-009
UPID US31-1054739
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
$705k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.27M
Blend (final) Blend
$990k
Owner & transaction history
Martin K Vesole · 16 yrs held
Martin K Vesole
since 2010
1 recorded transaction
2010
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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