$26,000,000

300 E Union Street , Marengo, IN 47140

 
Bedrooms:0 beds
Bathrooms:0 baths
Commercial:-- sqft
Lot:269 acre
Year Built:--
Listing Status:Active

Listing Agent

Jeremy L Ward
Loan Amount:
Interest:
Term (Years):
Annual Tax:
Monthly Principal + Interest:$
Monthly tax: $
Total Payment:$

These amounts are estimates and do not take into consideration other expenses such as PMI, etc.. This is only an estimate.

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.

Detailed Items

Architecture Style : Other
Building Unit Count : 13

Other Information

300 E Union Street, Marengo, IN, 47140 is a commercial listing of -- sqft on a lot of 269 acre. This commercial listing has 0 bedrooms, and 0 baths. The map for this location can be viewed on Google maps at Google maps to property300 E Union Street, Marengo, IN
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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