508 Polk StMorocco, IN 47963

  • Warehouses
  • 32,960 SF

Property Details for 508 Polk St

Year built
1953
Construction
WOOD
Lot size
2.26 AC
Property size (Sq ft)
32,960 SF
Property type
Warehouses
APN
56-10-21-444-060.000-002
APU
561021444060000002

Description

This vacant, 32,960-square-foot industrial property in Morocco, Indiana, presents a compelling redevelopment opportunity. Situated on a 2.26-acre lot, this Class C building features two structures, each one story, built in 1953 and renovated in 2024. The property boasts 50 parking spaces and includes one loading dock and one drive-in door, catering to diverse industrial needs. With a 14-foot ceiling height, the space is suitable for various uses, including distribution, warehousing, and manufacturing. Currently vacant with an occupancy date of July 31, 2024, this property is zoned C01-Commercial. Its strategic location offers easy access to major transportation arteries, including proximity to I-49 (1 mile), I-65, and I-24 (15 miles), facilitating efficient distribution to Lafayette, Indianapolis, and northern Indiana cities like Gary and Valparaiso. The property is being offered as a Request For Offers and includes the infrastructure to support a 3-phase transformer installation. The ample lot size allows for potential expansion. This owner-user investment opportunity is ideal for businesses seeking a central Indiana location with excellent transportation links and significant space for operations. The Net Rentable Area is 32,960 square feet, spread across two buildings. The Property Identification Number (APN) is 56-10-21-444-060.000-002.

Location Insight

City
Morocco
County
Newton
State
Indiana
Latitude
40.9414
Longitude
-87.4507
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,559
$52,000
$183,500
$235,500
-
$52,000
$183,500
$235,500

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