4540 State Rd 32 Lebanon, IN 46052-9605
This exceptional 7,200 square foot industrial property presents a unique investment opportunity. Situated on a two-acre lot at 4540 E State Road 32 in Lebanon, Indiana, this strategically located building enjoys convenient access, positioned midway between I-65 and US 421, approximately four miles east of Lebanon. The property features a spacious barn-style structure with a recently updated roof (installed four years ago) and blown-in insulation. High ceilings (14 feet) provide ample vertical space, complemented by three 13-foot insulated garage doors, ensuring easy access for equipment and materials. Durable concrete floors throughout the main area add to the practicality of the space. A dedicated 20' x 12' paint booth is included, ideal for various finishing processes. For added flexibility, a non-load-bearing wall separates the manufacturing area from the office and a separate apartment space, allowing for potential expansion or reconfiguration to suit specific needs. The barn benefits from a dual heat source, while the living area/apartment includes air conditioning. The property is being sold in its current "as-is" condition. This versatile property is perfect for a variety of industrial or commercial uses.
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
ZO01 · Lebanon, INCosts & 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.