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    Property profile & analytics

    405 Chicago St Syracuse, IN 46567-1506

    • Manufacturing properties
    • 7,980 SF
    • 3.05 lot acres
    OFF-MARKET
    Value Estimation
    $355,000
    Last Sale
    Oct 17, 2024
    Location Intelligence
    Property ID
    US31-1350209
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Rogers Electro-Matics / Electronics Manufacturer

    Property Details for 405 Chicago St

    Year built
    1990
    Construction
    WOOD
    Lot size
    3.05 lot acres
    Property size
    7,980 SF
    Zone code
    IND-2
    Property type
    Manufacturing properties
    APN
    43-04-07-100-042.000-026
    APU
    430407100042000026

    Description

    This exceptional 6,880-square-foot industrial manufacturing facility is available for lease in Syracuse, Indiana. Located at 405 W Chicago St, this single-tenant building sits on a spacious 3.05-acre lot, offering ample room for operations and potential expansion. Built in 1990, the property features a single-story structure with a 9-foot ceiling height. The building boasts excellent accessibility with 475 feet of frontage on Chicago Street and two convenient drive-in doors. Power is readily available with a 400 Amp, 230-volt, three-phase service, as well as 240 Amp, 120-volt, single-phase service. The property is zoned IND-2 (Light Industrial), making it suitable for a variety of manufacturing uses. The property's parcel number is 43-04-07-100-042.000-026, and it is situated in Kosciusko County, Indiana, with a Syracuse zip code of 46567. The entire 6,880 square feet is currently vacant and ready for immediate occupancy. This property presents a fantastic opportunity for businesses seeking a well-located, functional industrial space in a thriving community. The ample lot size and convenient access make this an ideal location for efficient operations and logistics.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $325,000

    • CAP approach

      CAP return
      Estimation
      6%
      $525,000
      6.5%
      $510,000
      7%
      $435,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $460,000
      Geo Method
      $410,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $535,000
      Retail
      $540,000
      Mixed-Use
      $430,000
      Hospitality
      $420,000
      Educational
      $455,000
      Residential Income
      $570,000
      Energy
      $475,000
      Income-Based Land
      $445,000
      Food Service
      $520,000

    Location Insight

    • Map
    • Local Demand
    City
    Syracuse
    County
    Kosciusko
    State
    Indiana
    Longitude
    -85.7537
    Latitude
    41.4184
    CBSA code
    47700
    CBSA name
    WARSAW, IN MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,788
    $155,100
    $183,200
    $338,300
    -
    $155,100
    $183,200
    $338,300

    Comparable in this City

    • Value Estimation by Request
      3,360 SF

      301 Chicago St

      MANUFACTURING (LIGHT) • 3,360 SF
      301 Chicago St, Syracuse, IN 46567-1625
      View Details
    • Value Estimation by Request
      100,338 SF

      300 Chicago St

      MANUFACTURING (LIGHT) • 100,338 SF
      300 Chicago St, Syracuse, IN 46567-1545
      View Details
    • Value Estimation
      $370,000
      15,180 SF

      200 Syracuse Webster Rd

      MANUFACTURING (LIGHT) • 15,180 SF
      200 Syracuse Webster Rd, Syracuse, IN 46567
      View Details
    • Value Estimation by Request
      45,673 SF

      925 Polywood Way

      MANUFACTURING (LIGHT) • 45,673 SF
      925 Polywood Way, Syracuse, IN 46567-1492
      View Details
    • Value Estimation
      $465,000
      18,986 SF

      1021 Indiana Ave

      MANUFACTURING (LIGHT) • 18,986 SF
      1021 Indiana Ave, Syracuse, IN 46567-1016
      View Details
    • Value Estimation
      $355,000
      4,800 SF

      106 Innovation Blvd

      MANUFACTURING (LIGHT) • 4,800 SF
      106 Innovation Blvd, Syracuse, IN 46567-0016
      View Details

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    Similar Nearby for Lease

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      Retail space with high visibility and storage basement for rent.
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    Syracuse, IN 46567-1506
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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