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Property profile & analytics
OFF-MARKET Estimated value $570,000
Warehouses

508 Polk St Morocco, IN 47963-8144

32,960 SF 2.26 ac lot Built 1953
Individually Owned 8-yr Hold Free & Clear
Property ID
US31-0597878
Property summary
AI-generated overview

This vacant, 32,960-square-foot industrial property in Morocco, Indiana, presents a compelling redevelopment opportunity. Situated on a 2.26-acre lot, this Class C building features two structures, each one story, built in 1953 and renovated in 2024. The property boasts 50 parking spaces and includes one loading dock and one drive-in door, catering to diverse industrial needs. With a 14-foot ceiling height, the space is suitable for various uses, including distribution, warehousing, and manufacturing. Currently vacant with an occupancy date of July 31, 2024, this property is zoned C01-Commercial. Its strategic location offers easy access to major transportation arteries, including proximity to I-49 (1 mile), I-65, and I-24 (15 miles), facilitating efficient distribution to Lafayette, Indianapolis, and northern Indiana cities like Gary and Valparaiso. The property is being offered as a Request For Offers and includes the infrastructure to support a 3-phase transformer installation. The ample lot size allows for potential expansion. This owner-user investment opportunity is ideal for businesses seeking a central Indiana location with excellent transportation links and significant space for operations. The Net Rentable Area is 32,960 square feet, spread across two buildings. The Property Identification Number (APN) is 56-10-21-444-060.000-002.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1953
Construction WOOD
Total area 32,960 SF
Lot 2.26 ac (98,446 SF)
APN 56-10-21-444-060.000-002
UPID US31-0597878
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
Current use
Occupant on record · Public records
  • CKC Tool Inc Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$435k
CAP Approach CAP
by Request
Comparable Approach Comparable
$709k
Blend (final) Blend
$570k
Owner & transaction history
Us Trucking · 8 yrs held
Us Trucking
since 2017
1 recorded transaction
2017
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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