LML Automated Systems, Inc. — Sale in Burns Harbor, IN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Burns Harbor, IN 46304
  • Year built: 1999

Investment Figures

Cap rate
7.24%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to exclusively present for sale 361 Shadyside Drive, Burns Harbor, Indiana, leased to LML Automated Systems, Inc. (Corporate Headquarters). The Subject Property consists of one 7,020-square-foot building situated on approximately 4.22 acres, which includes land for a potential expansion. The warehouse benefits from a 14-foot-high drive-in door. The corporate office area consists of eleven offices totaling 4,440 square feet, representing approximately 63 percent of the total gross leasable area. Burns Harbor is part of the Chicago MSA, the nation’s third-largest regional economy, with a population of 9.4 million. The City of Chicago is a key national transportation hub, featuring the third-busiest airport and the busiest rail hub in the United States. Burns Harbor’s strategic location in Northwest Indiana offers low-cost, high-quality living with convenient access to Chicago and the logistical and economic advantages of the greater Chicagoland region. The surrounding area features favorable demographics, with an average household income of $102,976 within a five-mile radius and a population of approximately 337,168 within fifteen miles of the Property. The Port of Indiana–Burns Harbor comprises nearly 600 acres of land and is home to 30 port companies, including 15 steel-related companies and three steel mills. The port handles approximately 9,000 rail cars, 75 ships, 350,000 trucks, 375 barges, and 200 Great Lakes vessels annually. The Port also supports 30,000 jobs and contributes $4.6 billion in annual economic activity to the local economy. LML Automated Systems, Inc. is a three million dollar revenue company with 19 employees. The company specializes in professional engineering services and electronic control panel manufacturing, primarily serving nearby steel mills, while also supporting a diversified national customer base that includes municipalities, as well as clients in the steel, food processing, water treatment, paper, and p

Market Context

This retail in Burns Harbor, IN is listed for sale. It is offered at an approximate 7.2% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 1999. It has been on the market for 101 days. Compare it against other retail listings for sale in Burns Harbor, IN — view the full market.

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