Truck Terminal with Maintenance
For Sale
Contact for pricing
Pending
24805 US-20, South Bend, IN 46628
Multi-building logistics property with secured yard space, office areas, dock access, and an on-site vehicle maintenance building.
Property Size70,484 SF
Lot Size7.50 Acres
Days on Market129
Property Features for 24805 US-20
General Information
Standard status
Pending
Size
70,484 SF
Lot size
7.50 Acres
Property subtype
Industrial
Occupancy
80%
Financials
Asking Price
$3,000,000
Cap Rate
13.71%
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Dock-High Doors
40
Drive-In Doors
8
Sprinkler System
Yes
Building Details
Year Renovated
2020
Buildings
2
Listing Agency:
Zunarelli Capital Advisors
Listed By:
Julian Zunarelli · License #IN RB20001427
Source:
Crexi
Added: Apr 24
Changed: Aug 30
Last Checked: Aug 30 at 12:03AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Zunarelli Capital Advisors
Investment Insights
Based on property information with market context.
The property includes a 55,654-square-foot truck terminal with 40 dock doors and two-story office space, along with an 11,026-square-foot maintenance facility equipped with 8 drive-in doors. The buildings occupy a 7.50-acre parcel with asphalt and concrete yard improvements, secure fencing, motorized gates, site lighting, and excess trailer-storage capacity. A portion of the terminal and office area is vacant, including 1,432 square feet of terminal space with two dock doors and two stories of office space totaling 13,911 square feet.
Forward Air Inc. occupies approximately 80% of the rentable building area and has operated at the site for 31 years under a Triple Net lease scheduled to expire on 12/31/2026. Capital work completed in 2020 included concrete lot resurfacing, partial roof replacement, dock door replacements, a new fire suppression system, HVAC units, upgraded lighting, and an automated gating system. The property is located at 24805 US-20 in South Bend, Indiana.
Forward Air Inc. occupies approximately 80% of the rentable building area and has operated at the site for 31 years under a Triple Net lease scheduled to expire on 12/31/2026. Capital work completed in 2020 included concrete lot resurfacing, partial roof replacement, dock door replacements, a new fire suppression system, HVAC units, upgraded lighting, and an automated gating system. The property is located at 24805 US-20 in South Bend, Indiana.
Key Highlights
- 55,654 SF truck terminal with 40 dock doors and two‑story offices
- 11,026 SF maintenance facility with 8 drive‑in doors
- 7.50‑acre parcel with asphalt and concrete yard improvements
Property Analytics
Property Profile
Current Use
Lease Details
40
Dock-high doors
8
Drive-in doors
80%
Occupancy
Yes
Sprinkler system
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Explore this area
Business Placement
Demographics for 46628, IN
27,011
Population
12,266
Households
2.2
Avg Household Size
38
Median Age
26%
College-Educated
92%
High-School Grad
34.2 sq mi
ZIP Area
790
Density / Sq Mi
$56,889
Median Household Income
$37,423
Median Earnings
$1,068
Median Rent
$164,500
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Truck terminal - Multi-building logistics property with secured yard space, office areas, dock access, and an on-site vehicle maintenance building.
Where is this truck terminal located?
The property is located at 24805 US-20 South Bend, IN.
What are key features of this property?
This property features: 55,654 SF truck terminal with 40 dock doors and two‑story offices; 11,026 SF maintenance facility with 8 drive‑in doors; 7.50‑acre parcel with asphalt and concrete yard improvements
