Marengo Warehouse & Distribution Center

Industrial for Sale
Catylist Listing ID: 30815655
Property Subtypes: Cold Storage, Food Processing, Warehouse/Distribution
Building Size (RSF): 1,300,000 SF
Gross Building Area: See Agent
Gross Land Area: 296 Acres
Sale Price: $26,000,000
Unit Price: $20 PSF
Ceiling: 26 ft.
Docks/Doors: 72 Doors
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/2/2023

Overview / Comments

Opportunity Knocks !! 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

Attachments & Media

Additional Details

Nearest MSA: Louisville/Jefferson County
County: Crawford
Tax ID/APN: 130806300234000007
Rail Access: Yes
Total Number of Buildings: 13
Parking Type: Other
Parking Description: Above Ground
Legal Description: See Exhibit A in attached docs

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,730 5,049
Median Age: 39.66 40.63
Households: 1,116 2,034


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