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Property profile & analytics
FOR SALE
Warehouses

2605 Marion Dr Kendallville, IN 46755

179,160 SF 15.27 ac lot Built 1988
Entity Owned Absentee Owner Free & Clear
Property ID
US31-1367855
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1988
Construction TYPE NOT SPECIFIED
Total area 179,160 SF
Lot 15.27 ac (665,031 SF)
APN 57-07-35-200-013.000-020
UPID US31-1367855
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
$2.98M
Owner & transaction history
COLWELL GENERAL INC
COLWELL GENERAL INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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