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Vacant-User

50,000 SF. WHSE | GREY SHELL | Vermillion Rise Mega Park

222 W Broadway Ave., Hillsdale, IN 47854

Listing Price: $3,600,000

Gross SF
50,000
Price/Gross SF
$72.00
Lot Size
9.00 acres
Year Built
2017
Rentable SF
50,000

Investment Overview

Marcus and Millichap is pleased to exclusively represent the Vermillion Rise Mega Shell Building located at 222 W Broadway Ave., Hillsdale, Indiana. The subject property was built in 2017 complete to grey shell. Located in the Vermillion Rise Industrial Park (7,000 Acres), the building is 50,000 square-feet situated on nine acres and has the opportunity for expansion up to 200,000 square-feet with additional acreage available separately. The Class A building is precast concrete with an expandable west wall composed of engineered metal for easy expansion. The property benefits from (3) 9’x10’ docks and (1) 14’x18’ drive in with an overhead door. Located within a TIF district, the building benefits from unique development incentives including property tax abatement and has tax increment financing available. As a former DOD site, the property enjoys municipal privileges including zoning and permitting with one main point of contact for approvals, compressing build time and expediting occupancy. Vermillion Rise services the gas, water, sewer utility services, and electricity is provided by Duke. The site is located just two miles from the Indiana/Illinois state border, the area benefits from an educated talent pool from top institutions within a 35-mile radius. Educational institutions include DePauw University (Enrollment: 1,660), Rose-Hulman (Enrollment: 1,990), IUPUI (Enrollment: 27,690), IU Bloomington (Enrollment: 45,328), Purdue University (Enrollment: 49,639), University of Illinois (Enrollment: 56,299), and Ivy Tech (Enrollment: 63,809). This location has ease of access to I-74 (10 Minutes; 21,224 VPD) and I-70 (30 Minutes; 38,655 VPD). The area enjoys an AHHI of $67,423 (35-mile radius) and a population of 331,664 (35-mile radius). The subject property is located in the Terre Haute MSA (Population: 185,031). Terre Haute has evolved to a global economy driven by advanced manufacturing industries. The site location is synergistic with existing manufactures in the area including Amcor, Great Dane, ADVICS, Taghleef, GE Aviation, Elanco (Eli Lilly), International Paper, Scott Pet Products, Hearthside Food Solutions, Preferred Tire Recycling, Newport Pallet Company, Duke Energy Cayuga Generating Station, and Steel Dynamics (Fortune 500 Company). The subject property offers owner-users or investors the opportunity to acquire and finish to suit a Class A industrial warehouse.

Investment Highlights

  • Class A Building is Precast Concrete With an Expandable West Wall Composed of Engineered Metal for Easy Expansion Ability Up To 200,000 Square-Foot Sloped Deck with TPO Roof Membrane -Finish to Suit
  • Within a TIF Area - Offers Unique Development Incentives | Property Tax Abatement & Tax Increment Financing Available
  • Vermillion Rise Industrial Park (7,000 Acres) Located Between IN SR 63 (7,206 VPD) and IN SR 71 (1,350 VPD) | Proximity to I-74 (10 Minutes; 21,224 VPD) & I-70 (30 Minutes; 38,655 VPD)
  • Three Docks in Place - Provisioned Additional Docks | One Drive In (14'x18' OHD) | Fully Prepped to Receive an Industrial-Grade Concrete Floor | Site Fully Completed, Including Sidewalks, Asphalt Parking, Landscaping and Truck Aprons
  • IN Business Climate: #1 Manufacturing State in the Nation | #1 Best State for Business in the Midwest | #1 Best Tax Climate in the Midwest | Terre Haute, IN MSA (Population: 185,031) | Indianapolis, IN MSA (Population: 2,111,040 ; Rank:33rd)
  • Site Location Synergistic With Existing Manufacturers: Amcor, Great Dane, ADVICS, Taghleef, GE Aviation, Elanco (Eli Lilly), International Paper, Scott Pet Products, Hearthside Food Solutions, Preferred Tire Recycling, Newport Pallet Company, Duke Energy Cayuga Generating Station and Others
  • Educated Work Force: DePauw University (Enrollment: 1,660) Rose-Hulman (Enrollment: 1,990) IUPUI (Enrollment: 27,690) IU Bloomington (Enrollment: 45,328) Purdue University (Enrollment: 49,639) University of Illinois (Enrollment: 56,299) Ivy Tech (Enrollment: 63,809)

Exclusively Listed By

Financing By

Vacant-User

50,000 SF. WHSE | GREY SHELL | Vermillion Rise Mega Park

Listing Price: $3,600,000

Gross SF
50,000
Price/Gross SF
$72.00
Lot Size
9.00 acres
Year Built
2017
Rentable SF
50,000

Investment Highlights

  • Class A Building is Precast Concrete With an Expandable West Wall Composed of Engineered Metal for Easy Expansion Ability Up To 200,000 Square-Foot Sloped Deck with TPO Roof Membrane -Finish to Suit
  • Within a TIF Area - Offers Unique Development Incentives | Property Tax Abatement & Tax Increment Financing Available
  • Vermillion Rise Industrial Park (7,000 Acres) Located Between IN SR 63 (7,206 VPD) and IN SR 71 (1,350 VPD) | Proximity to I-74 (10 Minutes; 21,224 VPD) & I-70 (30 Minutes; 38,655 VPD)
  • Three Docks in Place - Provisioned Additional Docks | One Drive In (14'x18' OHD) | Fully Prepped to Receive an Industrial-Grade Concrete Floor | Site Fully Completed, Including Sidewalks, Asphalt Parking, Landscaping and Truck Aprons
  • IN Business Climate: #1 Manufacturing State in the Nation | #1 Best State for Business in the Midwest | #1 Best Tax Climate in the Midwest | Terre Haute, IN MSA (Population: 185,031) | Indianapolis, IN MSA (Population: 2,111,040 ; Rank:33rd)
  • Site Location Synergistic With Existing Manufacturers: Amcor, Great Dane, ADVICS, Taghleef, GE Aviation, Elanco (Eli Lilly), International Paper, Scott Pet Products, Hearthside Food Solutions, Preferred Tire Recycling, Newport Pallet Company, Duke Energy Cayuga Generating Station and Others
  • Educated Work Force: DePauw University (Enrollment: 1,660) Rose-Hulman (Enrollment: 1,990) IUPUI (Enrollment: 27,690) IU Bloomington (Enrollment: 45,328) Purdue University (Enrollment: 49,639) University of Illinois (Enrollment: 56,299) Ivy Tech (Enrollment: 63,809)

Investment Overview

Marcus and Millichap is pleased to exclusively represent the Vermillion Rise Mega Shell Building located at 222 W Broadway Ave., Hillsdale, Indiana. The subject property was built in 2017 complete to grey shell. Located in the Vermillion Rise Industrial Park (7,000 Acres), the building is 50,000 square-feet situated on nine acres and has the opportunity for expansion up to 200,000 square-feet with additional acreage available separately. The Class A building is precast concrete with an expandable west wall composed of engineered metal for easy expansion. The property benefits from (3) 9’x10’ docks and (1) 14’x18’ drive in with an overhead door. Located within a TIF district, the building benefits from unique development incentives including property tax abatement and has tax increment financing available. As a former DOD site, the property enjoys municipal privileges including zoning and permitting with one main point of contact for approvals, compressing build time and expediting occupancy. Vermillion Rise services the gas, water, sewer utility services, and electricity is provided by Duke. The site is located just two miles from the Indiana/Illinois state border, the area benefits from an educated talent pool from top institutions within a 35-mile radius. Educational institutions include DePauw University (Enrollment: 1,660), Rose-Hulman (Enrollment: 1,990), IUPUI (Enrollment: 27,690), IU Bloomington (Enrollment: 45,328), Purdue University (Enrollment: 49,639), University of Illinois (Enrollment: 56,299), and Ivy Tech (Enrollment: 63,809). This location has ease of access to I-74 (10 Minutes; 21,224 VPD) and I-70 (30 Minutes; 38,655 VPD). The area enjoys an AHHI of $67,423 (35-mile radius) and a population of 331,664 (35-mile radius). The subject property is located in the Terre Haute MSA (Population: 185,031). Terre Haute has evolved to a global economy driven by advanced manufacturing industries. The site location is synergistic with existing manufactures in the area including Amcor, Great Dane, ADVICS, Taghleef, GE Aviation, Elanco (Eli Lilly), International Paper, Scott Pet Products, Hearthside Food Solutions, Preferred Tire Recycling, Newport Pallet Company, Duke Energy Cayuga Generating Station, and Steel Dynamics (Fortune 500 Company). The subject property offers owner-users or investors the opportunity to acquire and finish to suit a Class A industrial warehouse.

Exclusively Listed By

Financing By

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