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Southern Indiana Self-Storage Facility with Upside

POPULATION
In 2022, the population in your selected geography is 201,947. The population has changed by 2.8 percent since 2000. It is estimated that the population in your area will be 204,076 five years from now, which represents a change of 1.1 percent from the current year. The current population is 49.1 percent male and 50.9 percent female. The median age of the population in your area is 37.6, compared with the U.S. average, which is 38.6. The population density in your area is 2,568 people per square mile.

HOUSEHOLDS
There are currently 90,368 households in your selected geography. The number of households has changed by 4.2 percent since 2000. It is estimated that the number of households in your area will be 92,047 five years from now, which represents a change of 1.9 percent from the current year. The average household size in your area is 2.1 people.

INCOME
In 2022, the median household income for your selected geography is $48,301, compared with the U.S. average, which is currently $66,422. The median household income for your area has changed by 51.3 percent since 2000. It is estimated that the median household income in your area will be $56,720 five years from now, which represents a change of 17.4 percent from the current year.

The current year per capita income in your area is $33,765, compared with the U.S. average, which is $37,200. The current year’s average household income in your area is $74,273, compared with the U.S. average, which is $96,357.

EMPLOYMENT
In 2022, 98,958 people in your selected area were employed. The 2000 Census revealed that 62.5 percent of employees are in white-collar occupations in this geography, and 37.5 percent are in blue-collar occupations. In 2022, unemployment in this area was 5.0 percent. In 2000, the average time traveled to work was 18.1 minutes.

HOUSING
The median housing value in your area was $187,744 in 2022, compared with the U.S. median of $250,735. In 2000, there were 45,720 owner-occupied housing units and 41,039 renter-occupied housing units in your area. The median rent at the time was $400.

EDUCATION
The selected area in 2022 had a higher level of educational attainment when compared with the U.S averages. 13.8 percent of the selected area’s residents had earned a graduate degree compared with the national average of only 12.3 percent, and 19.3 percent completed a bachelor’s degree, compared with the national average of 19.7 percent.

The number of area residents with an associate degree was lower than the nation’s at 7.7 percent vs. 8.4 percent, respectively.

The area had fewer high-school graduates, 26.5 percent vs. 27.1 percent for the nation, but the percentage of residents who completed some college is higher than the average for the nation, at 21.3 percent in the selected area compared with the 20.4 percent in the U.S.

• Southern Indiana Self-Storage Facility with Upside
• Mismanaged Facility | Opportunity for Experienced Storage Operators to Increase Revenues
• 9,000 Net Rentable Square Feet
• 76 NCC Self-Storage Units
• The Facility was Purchased in Late 2023 | Owner Spent $13,000 on Property Clean-up and Removal of Delinquent Storage Tenants
• Excellent Location & Street Frontage
• High Daily Traffic Counts: 25,700 Cars/Day
• Dense Surrounding Population: 201,947 People Living Within a Five-Mile Radius

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