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    500 N Range Line Rd Morristown, IN 46161
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    Property profile & analytics

    500 N Range Line Rd, Morristown, IN 46161

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    • Industrial properties
    • 4,180 SF
    • 26.90 lot acres
    Morristown Industrial Property with Expansion For Sale
    $6,200,000
    151,224 SF

    Morristown Industrial Property with Expansion

    155,000+ SF industrial building with expansion potential.

    500 N Range Line Rd, Morristown, IN 46161
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    Property ID
    US31-1749896
    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.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Marcum's Welding & Steel Processing, Inc. / Factory / Production Facility
    • Apex Electric And Sign Company, Inc. / Construction Company / General Contractor

    Property Details for 500 N Range Line Rd

    Year built
    1974
    Construction
    TYPE NOT SPECIFIED
    Lot size
    26.90 lot acres
    Property type
    Industrial properties
    APN
    73-04-07-300-033.000-008
    APU
    730407300033000008

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 4, 2007 — 500 Rangeline Road LLC Marathon Suspension Systems INC Limited Warranty Deed $1.3M · National City Bank

    Description

    This exceptional 151,224-square-foot industrial property in Morristown, Indiana, presents a compelling owner-user or investment opportunity. Situated on a 26.9-acre lot, this Class B building features two structures, each single-story, built in 1974 and renovated in 2007. The property boasts 19 grade-level overhead doors and two dock-high doors, facilitating efficient loading and unloading. A spacious 80 x 235-foot bay, 24-foot clear ceiling height, and T5 lighting enhance functionality. The building also offers ample parking with 100 spaces and additional trailer parking. The property includes approximately 4,000 square feet of office space with a new roof, paint, and flooring. The site's strategic location provides easy access to major interstates (I-70, I-74, I-465, and I-69), the Indianapolis International Airport (40 miles), and the Cincinnati Shipping Port (50 miles). The property is also conveniently located less than half a mile from downtown Morristown and near the Honda plant in Greensburg, IN. Additional land (approximately 75,000 square feet) is available for expansion. The building is currently 100% occupied and has the capacity for a future ridge crane (20-foot hook height). This well-maintained facility offers significant potential for various industrial uses.


    Value Estimations

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    Location Insight

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    • Local Demand
    City
    Morristown
    County
    Shelby
    State
    Indiana
    Longitude
    -85.6855
    Latitude
    39.6745
    CBSA code
    26900
    CBSA name
    INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN 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
    $30,882
    $283,300
    $1,146,100
    $1,429,400
    -
    $283,300
    $1,146,100
    $1,429,400
    View Listing
    More about this property
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