$ 37,000,000
300 E Union ST Marengo, IN 47140
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$ 37,000,000
Est. payment /mo
Pending
300 E Union ST Marengo, IN 47140
269 Acres Lot
UPDATED:
09/30/2024 04:21 PM
Key Details
Property Type Commercial
Sub Type Industrial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 2022011473
Annual Tax Amount $71,397
Lot Size 269.000 Acres
Acres 269.0
Property Description
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.
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.
Location
State IN
County Crawford
Direction I64 to exit 118 toward Georgetown, turn left onto E Pleasant and then left on E. Union property on left
Interior
Fireplace No
Exterior
Present Use Industrial,Other,Residential,Vacant
Building
New Construction No
Others
Tax ID 130806300234000007
Listed by Ward Realty Services