Investment Overview

Marcus & Millichap is pleased to exclusively represent 2250 N Main St., Clinton, IN (Terre Haute, IN MSA). The industrial warehouse and office (~4,000SF office buildout: open work, admin areas, conference room and perimeter offices) are ideally located just off IN-63 on ~11 acres, in the Clinton Industrial Park (TIF District) with potential for tax abatement. The building has many amenities for a new industrial tenant. The warehouse was built in 1982 and renovated in 2017 and features two dock doors with pads, levelers, 8’x8’ manual door with outdoor fenced staging area, three drive in doors (10’x10’, 8’x10’ and 12’x14’); 14’ Clear Height, 25’x32’ column spacing, wet sprinklers, JOINK fiber optic (installed 2020), new LED perimeter and warehouse lighting, fully piped for compressed air, with two HP Worthington Compressors and Gemoc air dryer, 480v, 3 Phase power with extensive buss duct, gas heaters over dock and drive in doors, exhaust venting, cranes, and employee lockers, showers and rest rooms. The Steel deck roof features a 50mil DuroLast membrane installed in 2020 (20 Year Warranty) along with four rooftop units. The lot has paved parking for 70 cars; zoned I-2 Industrial. Additional land parcels which could be acquired for expansion and/or to add a rail siding to the building (CSX Rail Line). The Clinton Industrial Park is minutes from US Highways 36 (2,424 VPD) and 41 (6,932 VPD), State Roads 63 (10,066 VPD), 32 (984 VPD), 71 (851 VPD) and 163 (7,495 VPD). Interstates I-70 (37,512 VPD) and I-74 (25,850 VPD) are less than 30 minutes from the subject property. Neighboring properties are tenanted by Duke Energy, PermaBASE Building Products, an Affiliate of National Gypsum Company, Paxton Custom Meats, AITX Railcar Services. In addition, Elanco (Eli Lilly & Co) and White Construction are located nearby in the SR 63 corridor. Higher education institutions in the region include: Indiana State (Enrollment: 8,658), Indiana University (Enrollment: 47,005), DePauw (Enrollment: 1,754), Rose Hulman (Enrollment: 2,101), Ivy Tech (Enrollment: 72,689, and the University of Illinois, Champaign (Enrollment: 56,644). The subject property’s location has a close proximity to the Indiana/Illinois State Border (15 minutes) and provides access to over one million workers within an hour's drive, as well as major cities, including Chicago (155 miles), Indianapolis (70 miles), Peoria (150 miles), St. Louis (190 miles), and Cincinnati (210 miles). The area enjoys an AHHI of $60,902 (within 15-miles) and a population of 77,320 (within 15-miles). The subject property is located in the Terre Haute MSA (Population: 184,910). As both the Terre Haute and Indianapolis metro areas continue to expand, the SR 63 N corridor will continue to benefit from additional industrial investment.