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221 W Cherry St 14,800 SF Industrial Building Butler, IN 46721 $380,000 ($25.68/SF) 8% Cap Rate
Executive Summary
this is one of our smaller facilities we are offering for sale and lease currently. It has been a good performer with a low vacancy rate since 1994. It has a truck dock, 3 phase power and heat and lights. There is small office and restroom areas that need remodeled but are functional. Building will be available in May. More photos will be added once we get access to the interior for updated photos.
Property Facts
| Price | $380,000 | Rentable Building Area | 14,800 SF |
| Price Per SF | $25.68 | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built | 1922 |
| Cap Rate | 8% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.67/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 16’ |
| Building Class | C | No. Dock-High Doors/Loading | 1 |
| Lot Size | 3.81 AC | No. Drive In / Grade-Level Doors | 3 |
| Price | $380,000 |
| Price Per SF | $25.68 |
| Sale Type | Investment NNN |
| Cap Rate | 8% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | C |
| Lot Size | 3.81 AC |
| Rentable Building Area | 14,800 SF |
| No. Stories | 1 |
| Year Built | 1922 |
| Tenancy | Single |
| Parking Ratio | 0.67/1,000 SF |
| Clear Ceiling Height | 16’ |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 3 |
Utilities
- Lighting - Metal Halide
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 14,800 SF | Industrial | - | Apr 2026 |
1st Floor
| Size |
| 14,800 SF |
| Space Use |
| Industrial |
| Condition |
| - |
| Available |
| Apr 2026 |
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Floor
| Size | 14,800 SF |
| Space Use | Industrial |
| Condition | - |
| Available | Apr 2026 |
1 1
Property Taxes
| Parcel Number | 17-07-11-251-016.000-027 | Improvements Assessment | $118,200 |
| Land Assessment | $35,100 | Total Assessment | $153,300 |
Property Taxes
Parcel Number
17-07-11-251-016.000-027
Land Assessment
$35,100
Improvements Assessment
$118,200
Total Assessment
$153,300
1 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
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221 W Cherry St
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