Industrial Warehouse
For Sale
Contact for pricing
54320 Pine Road, South Bend, IN 46628
Industrial warehouse offering 20,408± SF available for sale or lease.
Property Size20,408 SF
Price / SF$107.80
Days on Market177
Property Features for 54320 Pine Road
General Information
Standard status
Active
Size
20,408 SF
Property subtype
Industrial
Zoning
I
Building Details
Year Built
1999
Buildings
1
Listing Agency:
Bradley Company Elkhart
Listed By:
Jeremy McClements · License #IN SP30808607
(574) 876-9535
Source:
Crexi
Added: May 5
Changed: Oct 25
Last Checked: Oct 26 at 2:23PM
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 Bradley Company Elkhart
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Investment Insights
Based on property information with market context.
This industrial warehouse property is available for sale or lease, offering approximately 20,408± SF of space. The offering is suitable for users seeking a dedicated industrial warehouse format within one building.
The property is located at 54320 Pine Road in South Bend, Indiana (46628).
The property is located at 54320 Pine Road in South Bend, Indiana (46628).
Key Highlights
- Industrial warehouse for sale or lease
- 20,408± SF available
- Built in 1999
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$159,035
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,180,700
$3.2M
Cap Rate 7%
$2,271,929
$2.3M
Cap Rate 9%
$1,767,056
$1.8M
Market Conditions
NOI Build-Up for 20,408 SF
Gross rent
$195.9K $9.60/SF
− Vacancy
−$8.8K −$0.43/SF
EGI
$187.1K $9.17/SF
− OpEx
−$28.1K −$1.38/SF
NOI
$159.0K $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%
$3,180,700
Cap Rate 7%
$2,271,929
Cap Rate 9%
$1,767,056
Alternative Uses
Best Use
Warehouse
$2.27M
$1.99M – $2.65M
NOI $159,035 @ 7.0% cap · market cap 7.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.16M
$4.52M – $6.02M
NOI $361,408 @ 7.0% cap · market cap 16.43%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Well-served
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 Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse offering 20,408± SF available for sale or lease.
Where is this warehouse located?
The property is located at 54320 Pine Road South Bend, IN.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Industrial warehouse for sale or lease; 20,408± SF available; Built in 1999
