Office-Flex Warehouse
4085 Meghan Beeler Court South Bend, IN 46628
4085 Meghan Beeler Court, South Bend, IN, 46628
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For Sale
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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$95
Days on Market77
Property Features for 4085 Meghan Beeler Court
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Lot size
- 0.95 Acres
- Property subtype
- Office, Industrial
Building Details
- Year Built
- 1998
Listing agency
NAI Cressy - Mishawaka
Listed by
Blair Wozny · License #IN RB18001381
Source
Crexi
Added: May 6 Updated: Jul 21 at 4:56AM Checked: Jul 21 at 4:56AM
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
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
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $132.0k | $13.20 |
| − Vacancy | −$8.1k | −$0.81 |
| EGI | $123.9k | $12.39 |
| − OpEx | −$43.4k | −$4.34 |
| NOI | $80.6k | $8.06 |
10,000 SF · lease $13.20/SF/yr · vacancy 6.10% · expense 35.00%
Alternative Uses
Best Use
Office B
$1.87M
$1.64M – $2.18M
NOI $131,040 @ 7.0% cap · market cap 13.79%
Second Best
Flex RnD
$1.15M
$1.01M – $1.34M
NOI $80,566 @ 7.0% cap · market cap 8.48%
Theoretical Best
Office A
$2.53M
$2.21M – $2.95M
NOI $177,091 @ 7.0% cap · market cap 18.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Teddy BallGames
Sports Field & Court
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FAQs
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 $950,000.
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
