Modern Industrial Facility For
445 N Sheridan St, South Bend, IN 46619
Call to check price and availability
Purpose-built industrial facility designed for manufacturing, storage, and distribution.
Type:Industrial
Property size:
112,250 SFPrice / SF:
$127/SF- Added:
- Feb 18, 2026
- Days on Market:
- 128
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 445 N Sheridan St
General Information
- Standard status
- Active
- Size
- 112,250 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2025
Listing office Marcus & Millichap - Indianapolis (317) 218-5334
Listing date Feb 18, 2026
Source Crexi
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 Marcus & Millichap - Indianapolis
HighLights
- 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.
- Infrastructure designed for heavy equipment, production operations, and logistics.
- Public‑sector support through approved real and personal property abatements.
- Located in South Bend, benefiting from a strategic location and industrial momentum.
Overview
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.
Local Financial Insights For Warehouse
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 | $1.08M | $9.60 |
| − Vacancy | −$48.5k | −$0.43 |
| EGI | $1.03M | $9.17 |
| − OpEx | −$154.4k | −$1.38 |
| NOI | $874.7k | $7.79 |
112,250 SF · lease $9.60/SF/yr · vacancy 4.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$12.50M
$10.93M – $14.58M
NOI $874,742 @ 7.0% cap · market cap 6.09%
Second Best
Industrial
$10.90M
$9.54M – $12.72M
NOI $762,995 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$28.40M
$24.85M – $33.13M
NOI $1,987,849 @ 7.0% cap · market cap 13.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Treadstone
Agricultural Supply
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 is the asking price?
The asking price for this property is $14,366,000.
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.
