- For Sale $749,000
- Property Type Industrial - Warehouse/Distribution
- Property Size 33,622 SF
- Lot Size 1.81 Acre
- Property Tenancy Multi-Tenant
- Year Built 1930
- Date Updated Apr 19, 2024
- Dock High Doors 2
- Grade Level Doors 1
- Office Area 2,500 SF
- Fire Sprinklers Wet
- HVAC None
North of Fort Wayne about 15 milesFOR SALE: Industrial Property Welcome to 415 N. Indiana Ave., Auburn, IN 46706. This impressive 33,622 sq. ft. manufacturing building is now available for purchase. With fully leased spaces to three tenants, this property offers a lucrative income opportunity with a gross rental income of $87,600 per year. Recently updated electric panels and distribution ensure the seamless functionality of the building, while renovated office spaces provide a comfortable and professional atmosphere for tenants. The property boasts two loading docks with edge levelers, allowing for efficient loading and unloading operations. Priced at $749,000, this property offers a cap rate of 9.2%, making it an enticing investment opportunity. The building features a well-maintained interior with spacious manufacturing and office areas. Situated on a 1.81-acre lot, the property offers ample parking space for tenants and visitors. Conveniently located near major roadways, including SR 8 and just one mile from I-69, this property provides easy accessibility and transportation options. Don't miss out on this incredible investment opportunity.Located within one mile of I-69 and within 15 minutes of Fort Wayne
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Highlights
- Fully leased to three tenants
- Recently updated electric panels & distribution
- Renovated office spaces
- Gross rental income of $87,600/yr
- Two loading docks - 8' x 8' with edge levelers
- Sale price: $749,000 Cap Rate 9.2%
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Contacts
John Adams
The Zacher Company
(260) 422-8474
Location
Getting Around
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Walk Score ®
Very Walkable (71) -
Bike Score ®
Bikeable (53)
Powered by Walk Score ®
- City Auburn, IN
- Neighborhood Auburn
- Zip Code 46706
- Market Fort Wayne
Points of Interest
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Waterloo
4.76 miles
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Speedway
0.56 miles
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Kroger
0.61 miles
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Lassus Handy Dandy
0.77 miles
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Marathon
0.79 miles
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Citgo
1.18 miles
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BP
4.89 miles
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Casey's
4.92 miles
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Shell
4.94 miles
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Marathon
4.95 miles
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Marathon
8.38 miles
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Parking D
1.29 miles
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Parking C
1.31 miles
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Parking E
1.34 miles
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Parking B
1.38 miles
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Parking F
1.45 miles
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Parking A
1.46 miles
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Parking G
1.47 miles
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Save-A-Lot
0.59 miles
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Sears
0.63 miles
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ALDI
0.93 miles
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Walmart Supercenter
1.07 miles
Contact Listing Broker
John Adams
The Zacher Company
(260) 422-8474