8645 E Backwater Rd - Showroom FOR SALE


North Webster, IN 46555
$675,000 USD
317-218-5366
8645 E Backwater Rd, North Webster, IN for Sale
$675,000 USD
Showroom - FOR SALE
1/28
null | Request Cap Rate

8645 E Backwater Rd
North Webster, IN 46555


HIGHLIGHTS

  • 13,200 SF Single-Story Flex Building | Built 2000 | Metal Construction & Roof | 14’ Clear Height
  • CapEx: 4 New HVAC Units (2023) | New Private Well (2023)
  • High-Visibility with Frontage Along E Backwater Road Adjacent to Dekko, Sterling Contracting, LLC & Freedom Rebar & Concrete Supply, Inc
  • 6 Offices | 2 Conference Rooms | Lounge | 2 Bathrooms | Multiple Storage Rooms/Closets Breakroom | Open Floor Plan | Receiving Area
  • Within 15-Minute Drive of Routes 6 & 30, Providing Connectivity Across Indiana
  • Zoned for Commercial Light Manufacturing, Suitable for Various Industrial & Commercial Uses

OVERVIEW

Marcus & Millichap is pleased to exclusively represent for sale or for lease this Prime Flex Building in Bluestem Business Park, located at 8645 E Backwater Road, North Webster, Indiana, part of the Fort Wayne MSA (Population: 457,842). This single-story, 13,200 SF building, built in 2000, offers six offices, two conference rooms, a lounge, two bathrooms, multiple storage rooms/closets, breakroom, and receiving area. The property is equipped with four new HVAC units (2023), new private well (2023), fire extinguishers, a security system, and onsite parking with 50 dedicated spaces. With a 14’ clear height to eaves, metal roof, and metal construction, the property is zoned for commercial light manufacturing, making it suitable for a variety of industrial and commercial uses. The property benefits from frontage along E Backwater Road. Building signage is available. Adjacent to Dekko, Sterling Contracting, LLC, and Freedom Rebar & Concrete Supply, Inc., the property is located between Lake Webster and The Backwaters, minutes from South Main St (9,146 VPD), North Webster’s main thoroughfare. Routes 6 and 30 are within a 15-minute drive, facilitating efficient connectivity across Indiana. Fort Wayne is less than an hour away, with easy access to surrounding markets, including Warsaw, Goshen, Elkhart, and South Bend. Known as "The Heart of the Lakes“, North Webster experiences a 50% population increase in the summer, driven by tourism. The local population is 52,726 with an affluent Average Household Income of $88,994 within 10 miles of the subject property. Kosciusko County, home to North Webster, is a hub for agribusiness, medical devices, and recreation. The county is known as the “Orthopedic Capital of the World”, and is home to leading companies including Zimmer Biomet, DePuy Synthes, and Tecomet in the medical device sector. Agribusiness is a key industry, with major players such as Louis Dreyfus Commodities, CTB, Inc., and Maple Leaf Farms within 25 miles. Currently vacant, this property presents a unique opportunity for owner-users or investors to secure premier flex space in the vibrant, business-friendly community of North Webster. The average market rent is $7.50 SF for office and flex properties combined, with 0% vacancy (CoStar Group, August 2024). Indiana ranks as the top Midwestern state and the sixth-best state for business in the country (Chief Executive Magazine, 2024).

FOR SALE DETAILS

PRICE

$675,000 USD

PRICE/SF

$51 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Showroom

ADD'L SUBTYPES

R&D

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

UTILITIES

Water - Well, Sewer - City, Heating - Electric

CLEAR CEILING HT

14 Ft

DOCKS

-

DRIVE INS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.29

LAND SF

56,192

ZONING

Commercial

APN/PARCEL ID

43-08-14-200-218.000-023

ASK ABOUT THIS PROPERTY

Julia EvingerMarcus & MillichapMore Info
317-218-5366

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Julia EvingerMarcus & MillichapMore Info
317-218-5366

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.