Flex Space with Food-Production
New
For Sale
$625,000
58413 Crumstown Highway, South Bend, IN 46619
The adaptable interior supports food production, retail, light industrial, storage, distribution, and specialty manufacturing.
Property Size6,000 SF
Lot Size5.00 Acres
Price / SF$104.17
Days on Market5
Property Features for 58413 Crumstown Highway
General Information
Standard status
Active
Size
6,000 SF
Lot size
5.00 Acres
Property subtype
Commercial
Building Details
Year Built
2002
Buildings
1
Stories
1
Building Size
6,000 SF
Listing Agency:
Berkshire Hathaway HomeServices Northern Indiana Real Estate
Listed By:
Dawn Martin · License #RB24001625
(574) 284-2600
Source:
Castleonerealty
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 5:22PM
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 Berkshire Hathaway HomeServices Northern Indiana Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2002, this 6,000-square-foot flex property occupies a 5-acre parcel. Its previous use as a meat market and butcher facility informs a layout that can accommodate food production, retail operations, light industrial work, storage and distribution, or specialty manufacturing. On-site parking serves the building, and the site has room for expansion.
Equipment and other contents from the former butcher operation may be acquired separately. An inventory is available to interested buyers.
Equipment and other contents from the former butcher operation may be acquired separately. An inventory is available to interested buyers.
Key Highlights
- 6,000‑square‑foot building constructed in 2002
- Located on a 5‑acre parcel with room for expansion
- Previously operated as a meat market and butcher facility
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,340
Cap Rate
7.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$966,800
$966.8K
Cap Rate 7%
$690,571
$690.6K
Cap Rate 9%
$537,111
$537.1K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$79.2K $13.20/SF
− Vacancy
−$4.8K −$0.81/SF
EGI
$74.4K $12.39/SF
− OpEx
−$26.0K −$4.34/SF
NOI
$48.3K $8.06/SF
Area
South Bend, IN
Vacancy
6.10%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$966,800
Cap Rate 7%
$690,571
Cap Rate 9%
$537,111
Alternative Uses
Best Use
Retail
$842.4K
$737.1K – $982.8K
NOI $58,968 @ 7.0% cap · market cap 9.43%
Second Best
Flex RnD
$690.6K
$604.3K – $805.7K
NOI $48,340 @ 7.0% cap · market cap 7.73%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,255 @ 7.0% cap · market cap 17.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 46619, IN
20,527
Population
8,823
Households
2.3
Avg Household Size
36
Median Age
14%
College-Educated
80%
High-School Grad
23.5 sq mi
ZIP Area
873
Density / Sq Mi
$46,679
Median Household Income
$31,948
Median Earnings
$944
Median Rent
$98,400
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Ice Cream On Wheels of South Bend — 56565 Pine Rd, South Bend, IN 46619
Frequently Asked Questions
What type of property is this?
Flex space - The adaptable interior supports food production, retail, light industrial, storage, distribution, and specialty manufacturing.
Where is this flex space located?
The property is located at 58413 Crumstown Highway South Bend, IN.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: 6,000‑square‑foot building constructed in 2002; Located on a 5‑acre parcel with room for expansion; Previously operated as a meat market and butcher facility
