367 1st St South Whitley, IN 46787-1258
This exceptional industrial property, located at 367 W 1st St, South Whitley, Indiana, presents a compelling investment opportunity. The 33,600 square foot building sits on a spacious 5-acre lot, offering ample room for operations and expansion. Built in 1976 and renovated in 2019, the single-story structure features two loading docks and a drive-in door, ensuring efficient material handling. Inside, a climate-controlled production area provides a comfortable work environment. The property boasts substantial power with an 800 Amp, 480 Volt, 3-Phase electrical supply, ideal for manufacturing processes. The property is zoned I1/Limited Industrial and includes 71 parking spaces. The asking price is $999,000, translating to $29.73 per square foot. This single-tenant, net-lease property offers immediate returns with 100% occupancy. The property's location in South Whitley, Indiana, provides easy access to transportation routes and a skilled workforce. This is a rare opportunity to acquire a well-maintained, fully operational industrial facility in a desirable location. The property's features, including its size, power capacity, and loading capabilities, make it suitable for a variety of manufacturing and warehousing operations. The substantial lot size also allows for future expansion or development. The APN is 92-07-33-000-213.000-002. This is a turnkey operation ready for immediate occupancy.
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
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.