222 W Broadway Ave
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222 W Broadway Ave
50,000 SF Vacant Industrial Building Hillsdale, IN 47854 $3,600,000 ($72/SF)
Investment Highlights
- 50,000 SF | Expandable up to 200,000 SF in Multiple Configurations | Situated on 9 Acres with up to 30 Acres Available
- Utility Services: Panhandle Eastern Pipeline Gas, Water, Sewer | Electricity Provided by Duke | 7MW Substation Located W/I ¼ Mile
- Precast Concrete Construction with Expandable West Wall Composed of Engineered Metal for Easy Expansion up to 200,000 SF
- Located Within a TIF District: Unique Development Incentives, Including Property Tax Abatement & Tax Increment Financing Available
- Property Tax Abatement & Tax Increment Financing Available
- (3) Docks in Place | Provisioned Additional Docks | (1) Drive In (14’x18’ OHD)
Executive Summary
For Sale or Lease
Marcus and Millichap is pleased to exclusively represent 222 W. Broadway Ave., Hillsdale, Indiana located in the 7,155-acre Vermillion Rise Mega Park. The subject property is a Class A, 50,000 SF Industrial Warehouse, situated on a 9-acre lot, built in 2017 and completed to grey shell. Potential for outdoor storage.
The 32’ clear height warehouse with 50’x50’ column spacing, currently has (3) 9’x10’ docks, (1) 14’x18’ drive in with an overhead door, and sloped deck roof with TPO membrane. Constructed of precast concrete, the west wall composed of engineered metal allows for easy expansion up to 200,000 SF. The subject property offers tenants or investors the opportunity to acquire and finish to suit a Class A industrial warehouse.
The Vermillion Rise Mega Park is a 7,155-acre industrial facility located in West Central Indiana. Formerly a defense facility, today "The Rise" offers unmatched 7 MW available power, ample water and gas, and a unique location to accommodate distribution, data center or manufacturing facilities. Join these industries in place within the region, including logistics (Amazon), plastics (Taghleef), steel, EV batteries (Entek), automotive parts, pet food (Scott Pet), food, animal health (Elanco).
The Park is fronted by IN SR 63 (10,066 VPD), a 4-lane divided highway with access to I-74 (25,580 VPD) north of the Park and I-70 (37,512 VPD) south of the Park.
Marcus and Millichap is pleased to exclusively represent 222 W. Broadway Ave., Hillsdale, Indiana located in the 7,155-acre Vermillion Rise Mega Park. The subject property is a Class A, 50,000 SF Industrial Warehouse, situated on a 9-acre lot, built in 2017 and completed to grey shell. Potential for outdoor storage.
The 32’ clear height warehouse with 50’x50’ column spacing, currently has (3) 9’x10’ docks, (1) 14’x18’ drive in with an overhead door, and sloped deck roof with TPO membrane. Constructed of precast concrete, the west wall composed of engineered metal allows for easy expansion up to 200,000 SF. The subject property offers tenants or investors the opportunity to acquire and finish to suit a Class A industrial warehouse.
The Vermillion Rise Mega Park is a 7,155-acre industrial facility located in West Central Indiana. Formerly a defense facility, today "The Rise" offers unmatched 7 MW available power, ample water and gas, and a unique location to accommodate distribution, data center or manufacturing facilities. Join these industries in place within the region, including logistics (Amazon), plastics (Taghleef), steel, EV batteries (Entek), automotive parts, pet food (Scott Pet), food, animal health (Elanco).
The Park is fronted by IN SR 63 (10,066 VPD), a 4-lane divided highway with access to I-74 (25,580 VPD) north of the Park and I-70 (37,512 VPD) south of the Park.
Taxes & Operating Expenses (Actual - 2021) |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$4,394
|
$0.09
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$4,394
|
$0.09
|
Taxes & Operating Expenses (Actual - 2021)
| Taxes | |
|---|---|
| Annual | $4,394 |
| Annual Per SF | $0.09 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $4,394 |
| Annual Per SF | $0.09 |
Property Facts
Utilities
- Lighting - Fluorescent
- Gas - Natural
- Water - County
- Sewer - County
- Heating - Gas
About 222 W Broadway Ave , Hillsdale, IN 47854
The Vermillion Rise Mega Park is an outstanding 7,000 acre industrial facility located in West Central Indiana. Formerly a defense facility, today "The Rise" offers unmatched utility infrastructure and a unique location to accommodate industrial processing and manufacturing facilities. The Park is fronted by SR 63, a 4 lane divided highway with access to I 74 North of the Park and I 70 South of the Park.
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 10,000-50,000 SF | Industrial | Shell Space | Now |
1st Floor
| Size |
| 10,000-50,000 SF |
| Space Use |
| Industrial |
| Condition |
| Shell Space |
| Available |
| Now |
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1st Floor
| Size | 10,000-50,000 SF |
| Space Use | Industrial |
| Condition | Shell Space |
| Available | Now |
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PROPERTY TAXES
| Parcel Number | 83-09-09-900-001.002-011 | Total Assessment | $1,596,300 (2023) |
| Land Assessment | $105,700 (2023) | Annual Taxes | $4,394 ($0.09/SF) |
| Improvements Assessment | $1,490,600 (2023) | Tax Year | 2021 Payable 2022 |
PROPERTY TAXES
Parcel Number
83-09-09-900-001.002-011
Land Assessment
$105,700 (2023)
Improvements Assessment
$1,490,600 (2023)
Total Assessment
$1,596,300 (2023)
Annual Taxes
$4,394 ($0.09/SF)
Tax Year
2021 Payable 2022
zoning
| Zoning Code | Industrial (Vermillion County plan commission has only one industrial zoning category.) |
| Industrial (Vermillion County plan commission has only one industrial zoning category.) |
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222 W Broadway Ave
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