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111 Industrial Drive 33,500 SF Industrial Building Cromwell, IN 46732 $2,990,000 ($89.25/SF)



Investment Highlights
- Heavy power capacity with 1,600 amps supporting industrial operations.
- Mezzanine offices featuring new carpet, conference space, reception area, and kitchenette.
- Fresh epoxy-coated concrete floors, LED lighting, wet sprinkler system, and upgraded HVAC.
- Two dock-high doors with automatic levelers plus an oversized overhead door for loading flexibility.
- Unique 1950s-style Hollywood Diner with memorabilia and full-service dining accommodations.
- Located in Cromwell Industrial Park with rural site advantages and access to major regional markets.
Executive Summary
This unique 33,500 sq. ft. industrial flex property in Cromwell, Indiana, presents a compelling owner-user or investment opportunity. The facility is equipped with 20-foot ceiling heights, heavy power capabilities with 1,600 amps, and robust transportation access along Indiana State Road 5. The property sits on approximately 3.25 acres within Cromwell Industrial Park, offering rural advantages such as reduced congestion and easy truck navigation while maintaining connectivity to major highways, including proximity to U.S. Route 33 and regional destinations like Fort Wayne (35 miles) and South Bend (50 miles).
Constructed with steel truss framing and decorative steel walls, the building features fresh epoxy-coated concrete floors, two 10-foot docks with automatic levelers, and a 14-foot overhead door. Additional amenities include a mezzanine with open office layout, conference rooms, and a distinctive 1950s-themed Hollywood Diner—ideal for corporate dining or themed events. Infrastructure highlights include municipal water/sewer, NIPSCO gas and power, upgraded LED lighting, wet sprinkler system, and ground-level Thermo-Cycle heating with ventilation. This asset offers significant versatility for manufacturing, distribution, or a specialized industrial campus and represents strong long-term utility with distinctive amenities.
Constructed with steel truss framing and decorative steel walls, the building features fresh epoxy-coated concrete floors, two 10-foot docks with automatic levelers, and a 14-foot overhead door. Additional amenities include a mezzanine with open office layout, conference rooms, and a distinctive 1950s-themed Hollywood Diner—ideal for corporate dining or themed events. Infrastructure highlights include municipal water/sewer, NIPSCO gas and power, upgraded LED lighting, wet sprinkler system, and ground-level Thermo-Cycle heating with ventilation. This asset offers significant versatility for manufacturing, distribution, or a specialized industrial campus and represents strong long-term utility with distinctive amenities.
Property Facts
| Price | $2,990,000 | Rentable Building Area | 33,500 SF |
| Price Per SF | $89.25 | No. Stories | 2 |
| Sale Type | Investment or Owner User | Year Built | 1991 |
| Sale Condition | Lease Option | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 2.39/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 20’ |
| Building Class | C | No. Dock-High Doors/Loading | 2 |
| Lot Size | 3.25 AC | No. Drive In / Grade-Level Doors | 1 |
| Zoning | Industrial - Industrial | ||
| Price | $2,990,000 |
| Price Per SF | $89.25 |
| Sale Type | Investment or Owner User |
| Sale Condition | Lease Option |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 3.25 AC |
| Rentable Building Area | 33,500 SF |
| No. Stories | 2 |
| Year Built | 1991 |
| Tenancy | Single |
| Parking Ratio | 2.39/1,000 SF |
| Clear Ceiling Height | 20’ |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | Industrial - Industrial |
Utilities
- Lighting - Metal Halide
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Fully Renovated suitable for warehouse, manufacturing with with heavy power installed. SEE BROCHURE
Fully Renovated suitable for warehouse, manufacturing with with heavy power installed. SEE BROCHURE
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 30,000 SF | Industrial | Full Build-Out | Jun 2026 |
| Mezzanine | 3,500 SF | Industrial | Full Build-Out | Jun 2026 |
1st Floor
| Size |
| 30,000 SF |
| Space Use |
| Industrial |
| Build-Out |
| Full Build-Out |
| Available |
| Jun 2026 |
Mezzanine
| Size |
| 3,500 SF |
| Space Use |
| Industrial |
| Build-Out |
| Full Build-Out |
| Available |
| Jun 2026 |
1st Floor
| Size | 30,000 SF |
| Space Use | Industrial |
| Build-Out | Full Build-Out |
| Available | Jun 2026 |
Fully Renovated suitable for warehouse, manufacturing with with heavy power installed. SEE BROCHURE
Mezzanine
| Size | 3,500 SF |
| Space Use | Industrial |
| Build-Out | Full Build-Out |
| Available | Jun 2026 |
Fully Renovated suitable for warehouse, manufacturing with with heavy power installed. SEE BROCHURE
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Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 571616400150000016 | Improvements Assessment | $1,331,400 |
| Land Assessment | $166,600 | Total Assessment | $1,498,000 |
Property Taxes
Parcel Number
571616400150000016
Land Assessment
$166,600
Improvements Assessment
$1,331,400
Total Assessment
$1,498,000
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Presented by
Steven Kelly
111 Industrial Drive
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