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    445 N Sheridan St South Bend, IN 46619

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    Purpose-built industrial facility designed for manufacturing, storage, and distribution.

    Property size:
    112,250 SF
    Lot size:
    9.83 Acres

    Property Features for 445 N Sheridan St

    General Information

    Standard status
    Active
    Size
    112,250 SF
    Lot size
    9.83 Acres

    Building Details

    Year built
    2025

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    Listing Contact
    Joseph Disalvo
    Joseph Disalvo
    Source: Crexi

    Listing Agency: Marcus & Millichap - Indianapolis Listing Agent: Joseph Disalvo

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Modern Industrial Facility For Sale

    The property at 445 N. Sheridan Street is a build-to-suit industrial distribution and production facility. It was developed to support the long-term, expanding operational needs of GTA Containers, who built and fully occupies the two neighboring properties. This modern development is designed for specialized manufacturing use, storage, and distribution. It offers investors exposure to a mission-critical facility occupied by an established industrial operator. The development reflects continued reinvestment in South Bend’s industrial base, transforming an underutilized site into a modern production facility aligned with current manufacturing standards. Municipal support for the project underscores the city’s commitment to retaining and expanding industrial employers within the local economy. The property presents a compelling industrial investment opportunity anchored by a purpose-built facility and an established manufacturing tenant. The property benefits from modern construction, municipal support, and placement within a stable and evolving industrial market. The property was developed as a build-to-suit industrial facility specifically tailored for GTA Containers’ manufacturing and operational requirements. The project includes a newly constructed industrial building with layout, infrastructure, and utility capacity designed to support container manufacturing, assembly, storage, and distribution functions. The property has a size of 112250 square feet. Key characteristics of the development include a purpose-built industrial design aligned with tenant specifications, modern construction supporting efficient manufacturing workflows, infrastructure designed for heavy equipment, production operations, and logistics, long-term occupancy by an established industrial user, and public-sector support through approved real and personal property abatements. The development represents a meaningful private capital investment and contributes to local job creation, reinforcing the site’s importance within South Bend’s industrial landscape.
    Location Intelligence

    Current Use by Public Records

    Treadstone Agricultural Supply

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    South Bend
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.303687
    Latitude
    41.670419

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    FAQs

    What type of property is this?
    Manufacturing property - Purpose-built industrial facility designed for manufacturing, storage, and distribution.
    Where is this manufacturing property located?
    The property is located at 445 N Sheridan St South Bend, IN.
    What are key features of this property?
    This property features: - Build-to-suit industrial facility designed for specialized manufacturing, storage, and distribution.; - Long-term occupancy by GTA Containers, an established industrial operator.; - Modern construction (built in 2025) supporting efficient manufacturing workflows.
    (317) 218-5334
    Request Owner's contact information
    445 N Sheridan St South Bend, IN 46619
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    South Bend, IN 46619
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    445 N Sheridan St South Bend, IN 46619
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    Listing Contact
    Joseph Disalvo
    Joseph Disalvo
    Real Estate License ID: RB14051407
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