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Property profile & analytics
OFF-MARKET Estimated value $675,000
Warehouses

245 Erie St Huntington, IN 46750-2949

59,179 SF 0.75 ac lot Built 1925
Entity Owned 13-yr Hold Free & Clear
Property ID
US31-1361276
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1925
Construction WOOD
Total area 59,179 SF
Lot 0.75 ac (32,567 SF)
APN 35-05-14-200-343.700-005
UPID US31-1361276
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$675k
Owner & transaction history
Dmk Group LLC · 13 yrs held
Dmk Group LLC
since 2012
1 recorded transaction
2012
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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