Industrial Warehouse
54320 Pine Road South Bend, IN 46628
54320 Pine Road, South Bend, IN, 46628
Contact for pricing
For Sale
Contact for pricing
Industrial warehouse offering 20,408± SF available for sale or lease.
Property Size20,408 SF
Price / SF$107.80
Days on Market78
Property Features for 54320 Pine Road
General Information
- Standard status
- Active
- Size
- 20,408 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1999
Listing agency
Bradley Company Elkhart
(574) 876-9535
Listed by
Jeremy McClements · License #IN SP30808607
Source
Crexi
Added: May 5 Updated: Jul 21 at 1:29AM Checked: Jul 21 at 1:29AM
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
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
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 | $195.9k | $9.60 |
| − Vacancy | −$8.8k | −$0.43 |
| EGI | $187.1k | $9.17 |
| − OpEx | −$28.1k | −$1.38 |
| NOI | $159.0k | $7.79 |
20,408 SF · lease $9.60/SF/yr · vacancy 4.50% · expense 15.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
H&H Custom Made ...
General Contractor
Affordable Car Insurance
Insurance Agency
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FAQs
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
