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221 Raymond St 24,000 SF Industrial Building Hope, IN 47246 $2,700,000 ($112.50/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- 24,000 SF Industrial Flex Facility on Nearly 6 Acres
- High-Performance Building with 16' Clear Height and 3-Phase Power
- Investment Opportunity with 7% CAP Rate and Room to Expand
- Fully Leased to Global Tenants – Micronics & Cleanova
- Prime Location in Hope Industrial Park Near Major Midwest Logistics Routes
EXECUTIVE SUMMARY
Thoughtfully designed and meticulously maintained, this 24,000 SF industrial flex facility is ideally suited for a wide range of uses—from light manufacturing and assembly to warehousing, distribution, or hybrid industrial-office operations.
Constructed in three functional phases between 1998 and 2005, the building blends durability, modern infrastructure, and room to expand, with one exterior wall engineered for effortless removal to support future growth.
This is a low-maintenance, high-performance asset with a tenant already in place and significant upside potential for future development, tenant expansion, or reconfiguration to suit a new user. The property stands out in the market thanks to its versatile infrastructure, logistical strengths, and exceptional adaptability—making it a compelling opportunity for both owner-users and investors alike.
Constructed in three functional phases between 1998 and 2005, the building blends durability, modern infrastructure, and room to expand, with one exterior wall engineered for effortless removal to support future growth.
This is a low-maintenance, high-performance asset with a tenant already in place and significant upside potential for future development, tenant expansion, or reconfiguration to suit a new user. The property stands out in the market thanks to its versatile infrastructure, logistical strengths, and exceptional adaptability—making it a compelling opportunity for both owner-users and investors alike.
PROPERTY FACTS
| Price | $2,700,000 | No. Stories | 1 |
| Price Per SF | $112.50 | Year Built | 1998 |
| Sale Type | Investment NNN | Tenancy | Single |
| Cap Rate | 7% | Parking Ratio | 2/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 16’ |
| Lot Size | 5.99 AC | No. Dock-High Doors/Loading | 2 |
| Rentable Building Area | 24,000 SF | ||
| Zoning | Smshop | ||
| Price | $2,700,000 |
| Price Per SF | $112.50 |
| Sale Type | Investment NNN |
| Cap Rate | 7% |
| Property Type | Industrial |
| Lot Size | 5.99 AC |
| Rentable Building Area | 24,000 SF |
| No. Stories | 1 |
| Year Built | 1998 |
| Tenancy | Single |
| Parking Ratio | 2/1,000 SF |
| Clear Ceiling Height | 16’ |
| No. Dock-High Doors/Loading | 2 |
| Zoning | Smshop |
UTILITIES
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Action Filtration
- -
- 500 SF
- -
- -
- Micronics Engineered Filtration
- -
- 24,000 SF
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Action Filtration | - | 500 SF | - | - | ||
| Micronics Engineered Filtration | - | 24,000 SF | - | - |
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PROPERTY TAXES
| Parcel Number | 03-07-21-240-000.504-014 | Improvements Assessment | $655,300 |
| Land Assessment | $76,500 | Total Assessment | $731,800 |
PROPERTY TAXES
Parcel Number
03-07-21-240-000.504-014
Land Assessment
$76,500
Improvements Assessment
$655,300
Total Assessment
$731,800
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221 Raymond St
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