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Property profile & analytics
OFF-MARKET Estimated value $1,330,000
Warehouses

2709 Patterson St Decatur, IN 46733-1872

96,249 SF 5.87 ac lot Built 1983
Entity Owned Free & Clear
Property ID
US31-1445107
Property summary
AI-generated overview

This exceptional 96,249-square-foot industrial manufacturing facility, situated on a 5.87-acre lot, presents a unique investment opportunity. Built in 1983, the single-story building boasts a generous 18-foot ceiling height, ideal for various industrial applications. The property features three loading docks and eight dock-high doors, ensuring efficient loading and unloading operations. Power is readily available with 120, 240, and 480-volt service. The building's layout includes ample warehouse/production space, complemented by dedicated office and break room areas. Its previous use as a fiberglass facility speaks to its structural integrity and adaptability. The property is zoned for industrial use and is conveniently located near Guy Brown Street. The seller is open to dividing sections of the building for lease, offering flexibility for potential tenants. This presents a rare chance to acquire a substantial industrial property with significant potential for various uses, including warehousing and manufacturing. The building's size, ample power supply, and convenient access make it an attractive option for businesses seeking a well-equipped and strategically located facility. The existing office and break room spaces offer immediate functionality, minimizing the need for extensive renovations. This property is ready for immediate occupancy and offers a strong return on investment.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1983
Construction TYPE NOT SPECIFIED
Total area 96,249 SF
Lot 5.87 ac (255,697 SF)
APN 01-05-04-300-009.000-022
UPID US31-1445107
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
$1.12M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.55M
Blend (final) Blend
$1.33M
Owner & transaction history
2709 Patterson St Investments LLC
2709 Patterson St Investments LLC
since 2025
3 recorded transactions
2025
Price N/A
2024
Price N/A
2009
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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