Light-Industrial Redevelopment

Industrial for Sale
Sale Pending/Contingent
Catylist Listing ID: 30746401
Property Subtypes: Flex Space, Free-Standing, Mixed Use, Light Industrial, Net Leased, Warehouse/Distribution
Status: Pending/Contingent
Building Size (RSF): 6,550 SF
Gross Land Area: 3.26 Acres
Sale Price: $329,900
Unit Price: $50.37 PSF
Ceiling: 9 ft.
Property Use Type: Investment, Vacant/Owner-User
Usable Size (USF): 6,550 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/28/2021

Overview / Comments

This property is well worth checking out. It's an amazing colonial style home with many updated including, kitchen, flooring, paint, it also has three separate HVAC units, over 6500 total sq. ft and an apartment with separate entrance that currently generates income. The property has been landscaped and the drive is paved. Home received new roof and all new thermal pane windows in 2002 and new carpeting throughout & privacy fence in 2013. Added the rip-rap stone swell/ditch/culvert throughout the length of the property to divert any rain water. Original billboard structure replaced with current standards/features & produces income. West entrance paved road added along with rear building parking lot, completing a circle about the property. Private pond to be filled in soon. Attic has been remodeled as a bonus room. Home has three HVAC units so it could be subdivided into apartments or offices.

Additional Details

Nearest MSA: Bloomington
County: Monroe
Tax ID/APN: 530829201002000008
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 3
Typical SF / Floor: 2,000 SF
Property Condition: Good
Year Built: 1998
Roof Type: Arched
Construction/Siding: Brick/Vinyl Siding
Parking Type: Surface
Total Parking Spaces: 10
Column Spacing: NA
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: PB/Light-Industrial
Water Service: Municipal
Sewer Type: Septic
Legal Description: 014-00625-04 MARSHALL PLACE LOT 4 (3.26A)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 3,161 32,286 96,066
Median Age: 38.57 34.75 30.73
Households: 1,233 14,243 37,581


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