2605 Marion Dr Kendallville, IN 46755
For Sale
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This exceptional Kendallville, IN industrial property offers 179,160 square feet of manufacturing and warehouse space on two parcels totaling 24.19 acres. The building, constructed in 1988 and renovated in 1992, features a two-story design with impressive ceiling heights ranging from 17 to 27 feet. The property includes six loading docks, three drive-ins, and 288 parking spaces. It boasts substantial power (1,600, 1,200, & 2,000 amp service), ESFR/AFFF sprinkler systems, compressed air, and full air conditioning. A significant 13,800 square foot office area with break room and restrooms, plus a 20,000 square foot mezzanine, adds to its functionality. The property is zoned IR and is offered for sale at $8,600,000 ($48.00/sf) or lease at $4.50 NNN. This prime location in Noble County presents a rare opportunity for businesses seeking a well-equipped, expansive industrial facility. The APN is 57-07-35-200-013-001.020 57-07-35-200-012-000.019.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.