4540 State Road 32Lebanon, IN 46052

Property Details for 4540 State Road 32

Year built

1980

Construction

METAL FRAME

Lot size

0.98 AC

Property size (Sq ft)

7,120 SF

Zone code

ZO01

Property type

Commercial real estate

APN

06-11-35-000-006.000-001

APU

61135000006000001

Description

This exceptional 7,200 square foot industrial property presents a unique investment opportunity. Situated on a two-acre lot at 4540 E State Road 32 in Lebanon, Indiana, this strategically located building enjoys convenient access, positioned midway between I-65 and US 421, approximately four miles east of Lebanon. The property features a spacious barn-style structure with a recently updated roof (installed four years ago) and blown-in insulation. High ceilings (14 feet) provide ample vertical space, complemented by three 13-foot insulated garage doors, ensuring easy access for equipment and materials. Durable concrete floors throughout the main area add to the practicality of the space. A dedicated 20' x 12' paint booth is included, ideal for various finishing processes. For added flexibility, a non-load-bearing wall separates the manufacturing area from the office and a separate apartment space, allowing for potential expansion or reconfiguration to suit specific needs. The barn benefits from a dual heat source, while the living area/apartment includes air conditioning. The property is being sold in its current "as-is" condition. This versatile property is perfect for a variety of industrial or commercial uses.

• CAP approach

  CAP return

  Valuation

  6%

  $1,047,810

  6.5%

  $967,207

  7%

  $898,120

• Comparable approach

  Method

  Valuation

  Relative Method

  $669,644

  Geo Method

  $669,644

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,048,350

  Retail / Commercial

  $1,022,170

  Mixed-Use / Specialty

  $996,286

  Hospitality / Lodging

  $701,992

  Office

  $967,207

  Institutional / Educational

  $1,027,790

  Residential Income

  $1,202,510

  Multifamily

  $1,565,500

  Automotive / Energy

  $880,962

  Parking / Income-Based Land

  $325,978

  Restaurant / Food Service

  $470,720

  Healthcare / Senior Housing

  $1,044,480

Location Insight

City

Lebanon

County

Boone

State

Indiana

Latitude

40.0399

Longitude

-86.3837

CBSA code

26900

CBSA name

INDIANAPOLIS-CARMEL-ANDERSON, IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].