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Property profile & analytics
FOR LEASE
Warehouses

4747 Western Ave Connersville, IN 47331

1,640,450 SF 161.32 ac lot Built 1968
Entity Owned Absentee Owner Free & Clear
Property ID
US31-0834857
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1968
Construction TYPE NOT SPECIFIED
Total area 1,640,450 SF
Lot 161.32 ac (7,027,230 SF)
APN 21-05-01-300-002.000-008
UPID US31-0834857
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$8.86M
Owner & transaction history
PHOENIX CONNERSVILLE INDUSTRIAL INVESTORS LLC
PHOENIX CONNERSVILLE INDUSTRIAL INVESTORS LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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