1111 US Highway 20

Industrial for Sale
Catylist Listing ID: 30738269
Property Subtypes: Free-Standing, Light Industrial
Building Size (RSF): 34,574 SF
Gross Building Area: See Agent
Gross Land Area: 10 Acres
Sale Price: $2,200,000
Unit Price: $63.63 PSF
Property Use Type: Business
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 9/13/2021

Overview / Comments

10 acre truck terminal/dispatch site consisting of 3 buildings. All buildings connected with underground conduit and fiber optics. On-site industrial sanitary sewer storage system with lift pump to send sewage to municipal system.

Building 1 (Main Office, Dispatch, Training, Sleeping Quarters) 8,358 square feet. Building is equipped with full back up power industrial generator system. The building is of brick design, with well-manicured landscaping, including small pond and picnic area for employees. Building has 400 amp, 3-phase, 240 volt electrical service.

Building 2 (Training, Sleeping Quarters, Maintenance and Repair Shop) 18,404 square feet. The building has 7 truck drive in doors east side of building, 5 truck doors on the west side of building with 5 drive through bays. On the north side of building there is 9 outside electrical hook ups for truck cab heaters. The training and sleeping quarters are two stores. The building is steel frame with concrete block and metal siding construction. Building has 600 amp, 3-phase, 240 volt electrical service with a 27 kva 480 volt step up 3-phase transformer.

Building 3 (tarp repair and storage) is wood frame metal siding and roof construction. The 7,488 square foot building is divided into two areas for tarp repair heated side, and unheated storage with two drive in truck doors. Truck terminal built in 1985 with additional buildings erected in 1998 and 2006.

Additional Details

Nearest MSA: Michigan City-La Porte
County: LaPorte
Tax ID/APN: 46-05-06-400-007.000-046
Highway Access: Located in the Southwest side of Michigan City, IN on the North side of US Highway 20, just 1.5 miles West of US-421 and 2.9 miles from I-94. The locations has close access to US-12, US-421, I-94, I-80 / 90 Indiana Toll Road. The Indiana Toll road I-80 / 90 is 8.3 miles away. Abundant national chain retail store and restaurants located within a 2 mile radius of site.
Tenancy: Single Tenant
Total Number of Buildings: 3
Year Built: 1985
Year Renovated: 2006
Zoning Description: M-1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,739 30,516 42,055
Median Age: 36.45 38.62 40.06
Households: 1,909 11,586 16,604

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