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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, 400 amp 480 volt 3 phase power plus gas heat . There is small office and restroom areas that need remodeled but are functional. Building is vacant currently and will be for sale until we re-lease it. . 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
- Build-Out
- Available
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 14,800 SF | Industrial | - | Now |
1st Floor
| Size |
| 14,800 SF |
| Space Use |
| Industrial |
| Build-Out |
| - |
| Available |
| Now |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Floor
| Size | 14,800 SF |
| Space Use | Industrial |
| Build-Out | - |
| Available | Now |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
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 15
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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