For Sale Industrial Investment

Industrial for Sale
Catylist Listing ID: 30804112
Property Subtypes: Manufacturing, Mixed Use, Warehouse/Distribution
Building Size (RSF): 228,829 SF
Gross Building Area: See Agent
Gross Land Area: 6.59 Acres
Sale Price: $4,500,000
Unit Price: $19.67 PSF
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/31/2023

Overview / Comments

This is a fully leased masonry/brick/metal sided industrial building on 6.59 acres. Building features include: 9,758 SF office area is equipped with reception/waiting area, 18 offices, 2 conference rooms, kitchen/break area and men's/women's bathrooms. 219,071 SF warehouse equipped with production area, maintenance area, 2 indoor docks, 9 exterior docks, electric fenced in yard with security gate along with additional truck parking. Located in the LaPorte Urban Association Enterprise Zone offering incentives to qualifying companies.

Tenants include: Akers Packaging Service Group which is one of the largest independent corrugated companies in the Midwest. Akers was founded in 1963. Finzer Roll has been a leader in providing value added solutions to wood products manufacturers. Finzer Roller is a third generation business doing business since 1968

Additional Details

Nearest MSA: Michigan City-La Porte
County: LaPorte
Tax ID/APN: 46-06-25-456-002.000-043
Zoning: M-2
Site Description: Located in the heart of the historic City of LaPorte manufacturing district with Indiana State Highways 2 and 35 nearby. LaPorte, surrounded by lakes and walkable historic downtown, is the best-kept secret in Indiana. The City of LaPorte is a community dedicated to outdoor recreation while fostering a vibrant downtown for businesses and remote workers. LaPorte is the walkable city of the future. A great location for servicing the Great Lakes Region and the Midwest. LaPorte’s Municipal Airport is 3 miles south of downtown. For Regional, National, or International travel South Bend International, Midway and Chicago O’Hare are just 30 to 90 minutes away. The South Shore Train Station is just 19 minutes away from LaPorte making Chicago commuting distance
Year Built: 1927
Roof Type: Flat

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,240 20,444 35,785
Median Age: 34.54 37.37 39.64
Households: 3,247 8,323 14,153

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