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Property profile & analytics
OFF-MARKET Estimated value $2,210,000
Warehouses

852 Weston Ave Kendallville, IN 46755

75,000 SF 8.47 ac lot Built 2022
Entity Owned Absentee Owner Free & Clear
Property ID
US31-3042727
Property summary
AI-generated overview

This exceptional 75,000-square-foot industrial building in Kendallville, Indiana, presents a remarkable opportunity for businesses seeking a modern and efficient workspace. Completed in 2023, this single-tenant property boasts a spacious layout with 2,500 square feet of office area, perfectly suited for manufacturing, warehousing, or distribution operations. The high ceilings, reaching 30 feet at the peak and 27 feet at the eave, provide ample vertical space for storage and operations. Four dock-high doors and two drive-in doors ensure efficient loading and unloading, complemented by ample parking for 40 vehicles. The property features a robust 1,600-amp, 480/277-volt, 3-phase, 4-wire electrical system, and a state-of-the-art ESFR sprinkler system. Situated on an 8.47-acre lot, the building is zoned I1/Light Industrial (APN: 57-09-05-100-040.000-004) and benefits from a 10-year tax abatement. The property is available for lease at $5.95 per square foot, triple net, or for purchase at $5,950,000. This expansive facility offers significant expansion potential, with the possibility to increase the building size to 120,000 square feet. Located at 852 Weston Ave, Kendallville, IN 46755, this property offers unparalleled access to transportation networks and a thriving business community. Don't miss this chance to secure a prime industrial asset in a desirable location.

Property profile
Verified
Property type Warehouses
Use group STORAGE YARD, OPEN STORAGE
Year built 2022
Construction TYPE NOT SPECIFIED
Total area 75,000 SF
Lot 8.47 ac (368,953 SF)
APN 57-09-05-100-040.000-004
UPID US31-3042727
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
$2.21M
Owner & transaction history
NOBLE COUNTY SPEC BUILDING LLC
NOBLE COUNTY SPEC BUILDING LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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