Office-Flex Warehouse
For Sale
Contact for pricing
4085 Meghan Beeler Court, South Bend, IN 46628
Metal and masonry office-flex/warehouse with office finish, mezzanine space, dock, and overhead door.
Property Size10,000 SF
Lot Size0.95 Acres
Price / SF$87.50
Days on Market168
Property Features for 4085 Meghan Beeler Court
General Information
Standard status
Active
Size
10,000 SF
Total Parking Spaces
21
Lot size
0.95 Acres
Property subtype
Office, Industrial
Zoning
Industrial
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Warehouse & Industrial
Clear Height
25 ft
Dock-High Doors
1
Drive-In Doors
1
Heavy Power
Yes
Building Details
Year Built
1998
Stories
2
Units
21
Listing Agency:
NAI Cressy - Mishawaka
Listed By:
Jonah Davey · License #LIC RB21000300
Source:
Crexi
Added: May 6
Changed: Oct 16
Last Checked: Oct 19 at 7:22AM
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 NAI Cressy - Mishawaka
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Investment Insights
Based on property information with market context.
Built in 1998, this metal and masonry office/flex/warehouse building totals 10,000 SF on 0.95 acres. The 6,000 SF office area includes a reception/lobby, conference room, multiple private offices, open work areas, men’s and women’s restrooms, and a utility/storage room. A large second-floor mezzanine is available and can be expanded by an additional 5,000 SF. Perimeter offices feature windows for natural lighting, with fluorescent lighting, 2 x 4 lay-in acoustical ceiling tile, and carpeting and vinyl flooring.
The 4,000 SF flex/warehouse portion is designed for open lab/testing and related uses, with a 22 FT minimum ceiling height at the eave and up to 25 FT maximum. It includes a testing room, tool room, warehouse/storage area, a 1,400 SF production office, one dock, and one overhead door. The building has two 200 Amp/3-Phase electric services, municipal utilities, gas forced air heat and air conditioning in the office area, and suspended gas radiant heaters in the warehouse area.
Zoned I- Industrial, the property offers 185 FT of frontage on Cleveland Rd and 21 on-site parking spaces that can be expanded. Located in the Cleveland Road Industrial Park on the northwest side of South Bend, it is within minutes of South Bend Airport and nearby corporate park amenities.
The 4,000 SF flex/warehouse portion is designed for open lab/testing and related uses, with a 22 FT minimum ceiling height at the eave and up to 25 FT maximum. It includes a testing room, tool room, warehouse/storage area, a 1,400 SF production office, one dock, and one overhead door. The building has two 200 Amp/3-Phase electric services, municipal utilities, gas forced air heat and air conditioning in the office area, and suspended gas radiant heaters in the warehouse area.
Zoned I- Industrial, the property offers 185 FT of frontage on Cleveland Rd and 21 on-site parking spaces that can be expanded. Located in the Cleveland Road Industrial Park on the northwest side of South Bend, it is within minutes of South Bend Airport and nearby corporate park amenities.
Key Highlights
- 10,000 SF metal and masonry office/flex/warehouse built in 1998 on 0.95 acres
- 6,000 SF office area with reception/lobby, conference room, 10 private offices, open work areas, restrooms, and utility/storage room
- Second‑floor mezzanine can be expanded by an additional 5,000 SF for flexible office or production use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,928
Cap Rate
8.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,558,560
$1.6M
Cap Rate 7%
$1,113,257
$1.1M
Cap Rate 9%
$865,867
$865.9K
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$96.0K $9.60/SF
− Vacancy
−$4.3K −$0.43/SF
EGI
$91.7K $9.17/SF
− OpEx
−$13.8K −$1.38/SF
NOI
$77.9K $7.79/SF
Area
South Bend, IN
Vacancy
4.50%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,558,560
Cap Rate 7%
$1,113,257
Cap Rate 9%
$865,867
Alternative Uses
Best Use
Office B
$1.87M
$1.64M – $2.18M
NOI $131,040 @ 7.0% cap · market cap 14.98%
Second Best
Flex RnD
$1.15M
$1.01M – $1.34M
NOI $80,566 @ 7.0% cap · market cap 9.21%
Theoretical Best
Office A
$2.53M
$2.21M – $2.95M
NOI $177,091 @ 7.0% cap · market cap 20.24%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
25 ft
Clear height
1
Dock-high doors
1
Drive-in doors
Yes
Heavy power
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
146
Businesses Nearby
Balanced
Demand for This Use
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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Metal and masonry office-flex/warehouse with office finish, mezzanine space, dock, and overhead door.
Where is this flex space located?
The property is located at 4085 Meghan Beeler Court South Bend, IN.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 10,000 SF metal and masonry office/flex/warehouse built in 1998 on 0.95 acres; 6,000 SF office area with reception/lobby, conference room, 10 private offices, open work areas, restrooms, and utility/storage room; Second‑floor mezzanine can be expanded by an additional 5,000 SF for flexible office or production use
