Investment Overview

Marcus & Millichap is pleased to exclusively represent for sale or for lease this Prime Flex Building in the Bluestem Business Park, located at 8645 E Backwater Road, North Webster, Indiana, part of the Fort Wayne MSA (Population: 457,842). This single-story, 13,200 SF building, built in 2000, offers six offices, two conference rooms, a lounge, two bathrooms, multiple storage rooms/closets, breakroom, and receiving area. The building is equipped with four new HVAC units (2023), air conditioning, fire extinguishers, a security system, and onsite parking with ~50 spaces. With a 14’ clear height to eaves*, metal roof, and metal construction, the building sits on a 1.29-acre parcel zoned for commercial light manufacturing, making it suitable for a variety of industrial and commercial uses, including potential for outdoor storage. The property benefits from frontage along E Backwater Road. Building signage is available. Next to Dekko, Sterling Contracting, LLC, and Freedom Rebar & Concrete Supply, Inc., the property is located between Lake Webster and The Backwaters, minutes from South Main St (9,146 VPD), North Webster’s main thoroughfare. It’s within a 15-minute drive of Routes 6 and 30, facilitating efficient connectivity across Indiana. Fort Wayne city center is less than an hour away, with easy access to surrounding markets, including Warsaw, Goshen, Elkhart, and South Bend. North Webster, known as "The Heart of the Lakes," is a vibrant tourism town that experiences a population surge of over 50% during the summer months. Despite its size, North Webster boasts a diverse range of attractions, including festivals, restaurants, shopping options, and abundant water recreation opportunities. The local population is 52,726 with an affluent Average Household Income of $88,994 within 10-miles of the subject property. Kosciusko County, where North Webster is located, is a hub of thriving industries, including agribusiness, medical devices, and recreation. Known as the “Orthopedic Capital of the World”, the county is home to leading companies including Zimmer Biomet, DePuy Synthes, and Tecomet in the medical device sector. Agribusiness is a key industry, with major players such as Louis Dreyfus Commodities, CTB, Inc., and Maple Leaf Farms within a 25-mile radius. Currently vacant, this property presents a unique opportunity for owner-users or investors to secure premier flex space in the vibrant, business-friendly community of North Webster, with an average market rent of $5.39-$5.59 SF (CoStar Group, August 2024). Indiana ranks as the top Midwestern state and the sixth-best state for business in the country (Chief Executive Magazine, 2024).