Commercial Sale For Sale

300 Union Street, Marengo, Indiana 47140

Property Description

Opportunity Knocks !! rn Marengo Warehouse and Distribution center includes 270 ac +/- in which 58 ac has been developed underground into 13 individual warehouses which average 100,000 sqft each. Four of the warehouses are freezer units that are used for frozen foods. Some of the storage facilities are dehumidified as well. There are several other income streams for this property including a home and phone tower lease. Some of the benefits of having the storage underground are no heating or cooling bills since this stays between 55 and 58 degrees year round. No maintenance on roofs and exterior etc. This business operates both 3PL and Gross lease. Several government and state contracts are included in this sale of the property and business. Please reach out for more details and videos of the facility. This is a solid business that has been operating for 30 years with so much room for expansion as well as mineral rights for the remaining limestone quarry. Located in the heart of the Midwest just minutes from I-64 and less than 45 minutes from Louisville, Kentucky and close to several larger cities (St. Louis, Cincinnati, Indianapolis, Evansville, Lexington, Nashville, Chicago, Detroit). The property has a 50 car rail spur on site but would need to be improved prior to being used.

Property Details
Status : Active
Days on Market : 357
Address : 300 Union Street, Marengo, Indiana 47140
Price : $26,000,000
Listing : For Sale
Property Type : Commercial Sale
List ID : 2022011473
Township : Liberty
Construction Status : Other
Type : Residential, Other, Unimproved Land, Industrial
Legal : See exhibit A in attached docs
Parcel Number : 130806300234000007
Property Tax : $71,397
Directions : I64 to exit 118 toward Georgetown, turn left onto E Pleasant and then left on E. Union property on left
Lot Square Footage : 11,717,640 Sqft
LotSizeArea : 269
Acres : 269
Neighborhood
HOA Fee : Yes
Mechanicals and Utilities
Virtual Tour : Click Here
Listing Provided by:
Office Name : Ward Realty Services
Bing Map
Commercial Sale For Sale
  • List ID : 2022011473
  • Visits : 176 in 582 days
  • Ward Realty Services
$26,000,000
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