5 Ogle Industrial Park DrVevay, IN 47043

Property Details for 5 Ogle Industrial Park Dr

Year built

1970

Construction

WOOD

Lot size

4.03 AC

Property size (Sq ft)

2,010 SF

Property type

Office properties

APN

78-14-22-500-003.002-004

APU

781422500003002004

Description

This exceptional 4.03-acre industrial property in Vevay, Indiana, presents a lucrative investment opportunity. The property features a 2010 square foot office building currently leased for $1800 per month, providing immediate income potential. The substantial warehouse space offers significant expansion possibilities for existing businesses or new ventures. The warehouse is divisible into three distinct rental units, each with unique features. Unit 1, a clear-span metal building, includes two office spaces, two gas hanging heaters, and two man doors. Unit 2, also a clear-span metal building, boasts one gas hanging heater, three truck docks, one drive-in door, and two man doors. Unit 3, a pole-type construction with rafters, offers two docks, one drive-in door, and OSB and metal interior walls. This unit features an insulated roof and walls but currently lacks heating. The lighting in Unit 3 is comprised of metal halide fixtures. An important upgrade is underway: a new gas and electric meter is being installed in the office building. The interconnected nature of the warehouse spaces allows for flexibility in configuration and tenant occupancy. This property's size, existing income stream, and adaptable warehouse space make it an ideal investment for a variety of business needs. Further details are available in the supplemental report.

• CAP approach

  CAP return

  Valuation

  6%

  $296,829

  6.5%

  $273,996

  7%

  $254,425

• Comparable approach

  Method

  Valuation

  Relative Method

  $249,622

  Geo Method

  $249,622

• Alternative Use

  Use

  Valuation

  Residential

  $339,755

  Hospitality

  $311,214

  Educational

  $258,926

  Medical

  $267,831

  Retail

  $402,774

Location Insight

City

Vevay

County

Switzerland

State

Indiana

Latitude

38.7387

Longitude

-85.0864

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].