4747 Western Ave Connersville, IN 47331
For Lease
1 / 10
This expansive industrial property in Fayette County offers 1,651,699 square feet of space, with 908,345 square feet currently vacant and available for lease. The property features multiple tenancy options, ranging from a minimum of 55,742 square feet to a maximum contiguous space of 908,345 square feet. Built in 1953 and renovated in 1989, this two-story building boasts a 30-foot ceiling height in the main plant and a substantial 42- to 44-foot clearance in the high bay area. Loading capabilities include 25 dock-high doors and 17 drive-in doors, supported by ample parking for 2,600 vehicles. The property includes three elevators and benefits from robust power options: 480, 240 3-phase, and 4160 to 110 Volt single-phase. Situated on 184 acres of land, the property is zoned I-1 (Light Industrial) and features a rail spur with two rail doors and 2,000 feet of track. Additional amenities include a rainwater catch basin, DSL and cable connectivity, and existing network drops. The current renovation includes painting, lighting upgrades (LED in progress), roof repairs, and dock improvements. Column dimensions are 60' x 40', and walls consist of 8-10 feet of concrete followed by 3-inch insulated metal siding. The property is conveniently located 12 miles from I-70, making it ideal for logistics and manufacturing operations. The APN is 21-05-01-300.003.000-008 | 21-05-01-300-002.000-008 | 21-05-01-300-008.000-008 | 21-05-02-400-003.000-008.
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
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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.