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7074 W State Road 28 10,892 SF Industrial Building Elwood, IN 46036 $792,000 ($72.71/SF)

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INVESTMENT HIGHLIGHTS

  • 7074 W State Road 28 is a climate-controlled, single-story industrial space that includes four roll-up doors for efficient shipping and receiving.
  • 1,632-square-foot on-site residence for an additional purchase, providing flexible options for owner-operators or employee housing.
  • Positioned between Indianapolis and Fort Wayne International Airports, this site supports a broader distribution reach, each just over an hour away.
  • Located along State Road 28, which provides excellent regional access and serves as an east-west connector between Interstates 65 and 69.
  • Elwood is home to Red Gold Tomatoes, a food manufacturer, and St. Clair Glass Works/ The House of Glass, which is renowned for its hand-blown glass.

EXECUTIVE SUMMARY

Situated on 2.47 acres, with direct access to State Route 28, this 10,892-square-foot industrial facility provides excellent functionality for logistics, manufacturing, or distribution operations.

7074 W State Road 28 features four roll-up doors for efficient shipping and receiving, along with a single-story open layout that includes essential utilities such as lighting, water, sewer, and both heating and cooling for year-round climate control.

Strategically located along State Road 28, which averages a daily traffic count of 6,453 vehicles. State Road 28 is a significant east-west corridor between Interstates 65 and 69, providing convenient regional access to major markets, including Indianapolis, which is less than an hour away. Interstate 69 is within a 15-minute drive of Elwood, Indiana, offering connectivity between Michigan and Kentucky, and Interstate 65, located less than an hour away, provides north-south access from Indiana to Alabama.

With a population exceeding 30,400 individuals, Elwood offers a skilled workforce within a 10-mile radius, specifically in logistics, manufacturing, and industrial occupations.

An adjacent 1,632-square-foot residence is available for purchase for $230,000, creating additional flexibility for owner-operators or staff housing. Combined with a competitive price point and strong transportation connectivity, this property presents a strong opportunity for businesses seeking a well-positioned industrial investment.

PROPERTY FACTS

Price $792,000
Price Per SF $72.71
Sale Type Investment
Property Type Industrial
Property Subtype Warehouse
Building Class C
Lot Size 2.47 AC
Rentable Building Area 10,892 SF
No. Stories 1
Year Built 1945
Tenancy Single
Parking Ratio 0.55/1,000 SF
No. Drive In / Grade-Level Doors 5

UTILITIES

  • Lighting
  • Water
  • Sewer
  • Heating

DEMOGRAPHICS

REGIONAL ACCESSIBILITY

50 Miles 50 Mi. 100 Miles 100 Mi. 500 Miles 500 Mi.
CITY
POPULATION
MILES
DRIVE TIME
Indianapolis
867,125
39
0 h 58 m
Columbus
892,533
183
3 h 41 m
Chicago
2,705,994
185
3 h 55 m
Detroit
672,662
237
4 h 41 m
Charlotte
872,498
573
11 h 10 m
Washington
702,455
574
11 h 12 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
30,064
Total Labor Force
16,143
Unemployment Rate
4.19%
Median Household Income
$68,759
Warehouse Employees
4,544
High School Education Or Higher
91.80%
  • Listing ID: 38863298

  • Date on Market: 7/25/2025

  • Last Updated:

  • Address: 7074 W State Road 28, Elwood, IN 46036

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