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300 E Union Street Commercial $26,000,000 — Listed by Jeremy L Ward, Ward Realty Services

Updated on Jul 10, 2024

Opportunity Knocks !! Marengo Warehouse and Distribution center includes 270 ac +/- in which... $26,000,000

Address 300 E Union Street
Marengo, IN 47140
TypePurchase
Price$26,000,000
Bedrooms0
Bathrooms0
StatusActive
Listing Agent
(812) 987-4048
Office
3711 Paoli Pike
Floyds Knobs, IN 47119
(812) 200-2838
Located in MARENGO, IN
Opportunity Knocks !! Marengo Warehouse and Distribution center includes 270 ac +/- in which 58 ac has been developed underground into 13 individual warehouses which average 100,000 sqft each. Four of the warehouses are freezer units that are used for frozen foods. Some of the storage facilities are dehumidified as well. There are several other income streams for this property including a home and phone tower lease. Some of the benefits of having the storage underground are no heating or cooling bills since this stays between 55 and 58 degrees year round. No maintenance on roofs and exterior etc. This business operates both 3PL and Gross lease. Several government and state contracts are included in this sale of the property and business. Please reach out for more details and videos of the facility. This is a solid business that has been operating for 30 years with so much room for expansion as well as mineral rights for the remaining limestone quarry. Located in the heart of the Midwest just minutes from I-64 and less than 45 minutes from Louisville, Kentucky and close to several larger cities (St. Louis, Cincinnati, Indianapolis, Evansville, Lexington, Nashville, Chicago, Detroit). The property has a 50 car rail spur on site but would need to be improved prior to being used.

    Virtual tours

  • Media modification timestamp: 2022-09-02T17:19:24+00:00
  • https://drive.google.com/file/d/1MEw0FNWt6-LOyKyWeeVDOA2hTXRCQ3D0/view?usp=sharing
  • Taxes

  • $71,397
  • General

  • Property type: Commercial
  • Property sub type: Other
  • Lot size: 269.0
  • Listing date: 2022-08-24
  • Listing title: Cross Property - Marengo, IN
  • Architecture style: Other
  • Building unit count: 13
  • Legal description: See exhibit A in attached docs
  • Is new construction: no
  • Roof types: Unknown
  • Listing Details

  • Mls name: Southern Indiana REALTORS Association
  • MLS Identifier: SIREAIN
  • MLS Number: 2022011473
  • Provider name: Ward Realty Services
  • Provider Category: Broker
  • Property Type: Commercial
  • Property sub type: Other
  • Listing Category: Purchase
  • Office Key: SIREAIN-1034
  • Office ID: 1034
Copyright © 2024 Southern Indiana REALTORS Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

 

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