1514 Progress DrAlbion, IN 46701

Property Details for 1514 Progress Dr

Year built

1994

Construction

WOOD

Lot size

5.00 AC

Property size (Sq ft)

59,200 SF

Property type

Manufacturing properties

APN

57-12-20-400-005.000-022

APU

571220400005000022

Description

This exceptional 59,200-square-foot industrial warehouse in Albion, Indiana, presents a significant opportunity. Situated on a 5.89-acre lot at 1514 Progress Dr., this single-tenant property offers immediate occupancy. The building features a pre-engineered steel construction with a standing seam metal roof and 6-inch reinforced concrete floors. High ceilings range from 13 to 20 feet, complemented by full air conditioning and energy-efficient LED lighting. The property includes 4 truck docks and 1 drive-in door, supported by a robust 1,200-amp electric service. Ample parking is provided with 84 spaces. Thirteen ground-mounted HVAC units ensure climate control. The location is strategically advantageous, offering easy access to SR 8 and I-69. The property is versatile and has potential for subdivision. The asking price is available upon request. This well-maintained facility is ideal for a variety of industrial uses. The lease rate is $3.95 per square foot per year (NNN).

• Alternative Use

  Use

  Valuation

  Residential

  $12,744,600

  Hospitality

  $11,673,985

  Educational

  $9,712,619

  Medical

  $10,046,650

  Retail

  $15,108,518

Location Insight

City

Albion

County

Noble

State

Indiana

Latitude

41.3927

Longitude

-85.4018

CBSA code

28340

CBSA name

KENDALLVILLE, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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