Log In/Sign Up
Your email has been sent.
461 E Michigan St 8,167 SF Industrial Building Fortville, IN 46040 $850,000 ($104.08/SF) 8.26% Cap Rate
Executive Summary
Rare owner-user industrial opportunity located in the heart of Fortville. 461 E. Michigan Street offers approximately 8,167 SF across two buildings situated on a 0.51-acre site with IL (Light Industrial) zoning. The property provides a versatile combination of industrial, retail/showroom, office, and outdoor storage capabilities, making it well suited for a variety of owner-users and small businesses.
The property features one 12' x 12' drive-in door, a one-ton crane, two electrical busbar systems, and both single- and three-phase power. Additional improvements include a private office, restroom, and paved and compacted gravel parking areas at the front and rear of the property.
Strategically located along E. Michigan Street in Fortville, the property offers excellent access to the surrounding Indianapolis metropolitan area, with convenient interstate connectivity via SR 13 to I-69. The property's central Fortville location and flexible improvements create an attractive opportunity for industrial, service, contractor, showroom, or other owner-user applications.
The property is available for immediate purchase with the existing tenant in place through March 14, 2027, providing interim rental income to a purchaser. Owner-user occupancy is available beginning March 15, 2027. Lease information is available upon request.
Asking Price: $850,000.
The property features one 12' x 12' drive-in door, a one-ton crane, two electrical busbar systems, and both single- and three-phase power. Additional improvements include a private office, restroom, and paved and compacted gravel parking areas at the front and rear of the property.
Strategically located along E. Michigan Street in Fortville, the property offers excellent access to the surrounding Indianapolis metropolitan area, with convenient interstate connectivity via SR 13 to I-69. The property's central Fortville location and flexible improvements create an attractive opportunity for industrial, service, contractor, showroom, or other owner-user applications.
The property is available for immediate purchase with the existing tenant in place through March 14, 2027, providing interim rental income to a purchaser. Owner-user occupancy is available beginning March 15, 2027. Lease information is available upon request.
Asking Price: $850,000.
Property Facts
| Price | $850,000 | Rentable Building Area | 8,167 SF |
| Price Per SF | $104.08 | No. Stories | 1 |
| Sale Type | Investment or Owner User | Year Built | 1967 |
| Cap Rate | 8.26% | Tenancy | Single |
| Property Type | Industrial | Clear Ceiling Height | 12’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 0.51 AC | ||
| Zoning | IL - Light Manufacturing & Assembly | ||
| Price | $850,000 |
| Price Per SF | $104.08 |
| Sale Type | Investment or Owner User |
| Cap Rate | 8.26% |
| Property Type | Industrial |
| Building Class | C |
| Lot Size | 0.51 AC |
| Rentable Building Area | 8,167 SF |
| No. Stories | 1 |
| Year Built | 1967 |
| Tenancy | Single |
| Clear Ceiling Height | 12’ |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | IL - Light Manufacturing & Assembly |
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Gas
1 1
Somewhat walkable
30/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 30-02-09-100-016.002-017 | Improvements Assessment | $138,300 |
| Land Assessment | $53,300 | Total Assessment | $191,600 |
Property Taxes
Parcel Number
30-02-09-100-016.002-017
Land Assessment
$53,300
Improvements Assessment
$138,300
Total Assessment
$191,600
1 of 4
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
461 E Michigan St