1600 Riverfork DrHuntington, IN 46750

Property Details for 1600 Riverfork Dr

Year built

1989

Construction

TYPE NOT SPECIFIED

Lot size

9.10 AC

Property size (Sq ft)

57,432 SF

Property type

Warehouses

APN

35-05-21-300-245.701-005

APU

350521300245701005

Description

This exceptional 57,426-square-foot manufacturing facility in Huntington, Indiana, is ideally suited for a single tenant. Located at 1600 Riverfork Drive East, this Class B building offers 100% air-conditioned space with a ceiling height ranging from 20 to 23 feet. The property features three 8' x 10' loading docks equipped with hydraulic levelers, one drive-in door, and ample parking with 270 spaces. Built in 1989, this single-story structure sits on a 9.01-acre lot and is zoned I-2. The property boasts convenient access to major transportation routes, situated 10.5 miles from I-69, 34 miles from Fort Wayne, and 102 miles from Indianapolis. The building offers significant expansion potential, with the possibility of adding up to an additional 100,000 square feet. Three-phase power is available. The property's APN is 35-05-21-300-245.701-005. Available February 1, 2025. This is a rare opportunity to secure a well-maintained, strategically located industrial space with significant growth potential.

• CAP approach

  CAP return

  Valuation

  6%

  $22,427,400

  6.5%

  $20,702,200

  7%

  $19,223,500

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,114,130

  Geo Method

  $3,729,620

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $10,918,600

  Mixed-Use / Specialty

  $11,118,100

  Hospitality / Lodging

  $8,467,450

  Office

  $11,300,400

  Institutional / Educational

  $11,643,600

  Residential Income

  $13,623,000

  Multifamily

  $15,016,700

  Automotive / Energy

  $9,980,200

  Parking / Income-Based Land

  $3,208,460

  Restaurant / Food Service

  $6,291,510

  Healthcare / Senior Housing

  $11,156,900

Location Insight

City

Huntington

County

Huntington

State

Indiana

Latitude

40.864

Longitude

-85.5212

CBSA code

26540

CBSA name

HUNTINGTON, IN MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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