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1407 NW Laurel St 20,000 SF 100% Leased Industrial Building Elkhart, IA 50073 $3,250,000 ($162.50/SF) 7% Cap Rate
Executive Summary
20,000 SF-100% LEASED
2.68 Acre Parcel w/Outdoor Storage
32’ x 80’ Bays Equipped with Six 16’ x 16’ Drive-In Doors, a Dock Door on the South End
Office Built out to Suit Tenant
24’ Clear Ceiling Height
1.06 Acres of Outdoor Storage-Leased
New Construction in 2025
THREE-YEAR TAX ABATEMENT
20,000 SF FOR SALE: $3,250,000
7% CAP RATE
2.68 Acre Parcel w/Outdoor Storage
32’ x 80’ Bays Equipped with Six 16’ x 16’ Drive-In Doors, a Dock Door on the South End
Office Built out to Suit Tenant
24’ Clear Ceiling Height
1.06 Acres of Outdoor Storage-Leased
New Construction in 2025
THREE-YEAR TAX ABATEMENT
20,000 SF FOR SALE: $3,250,000
7% CAP RATE
Property Facts
| Price | $3,250,000 | Lot Size | 2.68 AC |
| Price Per SF | $162.50 | Rentable Building Area | 20,000 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 7% | Year Built | 2025 |
| Property Type | Industrial | Clear Ceiling Height | 24’ |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 6 |
| Building Class | B | Cross Streets | NE 38th St |
| Zoning | L1 - Light Industrial | ||
| Price | $3,250,000 |
| Price Per SF | $162.50 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 2.68 AC |
| Rentable Building Area | 20,000 SF |
| No. Stories | 1 |
| Year Built | 2025 |
| Clear Ceiling Height | 24’ |
| No. Drive In / Grade-Level Doors | 6 |
| Cross Streets | NE 38th St |
| Zoning | L1 - Light Industrial |
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