Property profile

6886 N 400 E Kendallville, IN 46755

FOR LEASE
Manufacturing properties
Property ID
US31-2227841
36,000 SF 2.72 ac lot Built 1980
Entity Owned Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 36,000-square-foot industrial building, situated on a 2.72-acre lot in Kendallville, Indiana, presents a significant opportunity. Built in 1980, this single-story structure boasts a 13-14 foot ceiling height, ideal for various manufacturing needs. The property features four dock-high doors (three with levelers, one without), and one drive-in door, ensuring efficient loading and unloading. Power is supplied by a robust 1200 Amp/480 Volt/3-phase system. Ample on-site parking is available for employees and visitors. The building's layout includes a main area with 30 x 50 column spacing and an addition with 50 x 25 column spacing, offering flexibility for diverse operational setups. The interior features a fully sprinklered system, fluorescent lighting, gas forced-air heat in the warehouse, and central air conditioning in the office space. Office amenities include two private offices, a conference room, a large open area suitable for cubicles, and separate men's and women's restrooms. The property is zoned I-2 High Intensity Industrial, allowing for a wide range of manufacturing uses. Its location on N 400 E St & County Rd 700 N offers convenient access, approximately 15 miles west of I-69 and 23 miles south of I-80/90. The building is currently entirely vacant. The property's APN is 57-04-35-400-005.000-010. Kendallville offers a desirable location with excellent parks, recreational facilities, schools, and a historic downtown area.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1980
Construction WOOD
Total area 36,000 SF
Lot 2.72 ac (118,483 SF)
APN 57-04-35-400-005.000-010
UPID US31-2227841

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6886 N 400 E Kendallville, IN 46755
Kendallville metro Census 972000 KENDALLVILLE, IN MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$525k
CAP Approach CAP
by Request
Comparable Approach Comparable
$474k
Blend (final) Blend
$525k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message