Food Processing and Flex
58413 Crumstown Hwy South Bend, IN 46619
For Sale
$625,000
Purpose-built former meat market with flexible interior layout for food production, retail, light industrial, storage, or manufacturing.
Property Size6,000 SF
Lot Size5.00 Acres
Price / SF$104.17
Days on Market112
Property Features for 58413 Crumstown Hwy
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Lot size
- 5.00 Acres
Listing Agency:
Berkshire Hathaway HomeServices Northern Indiana Real Estate
(574) 532-2841
Listed By:
Dawn Martin
(574) 532-2841
Source:
Exprealty
Added: Apr 3
Changed: Jul 23
Last Checked: Jul 23 at 5:35AM
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
Investment Insights
Based on property information with market context.
This purpose-built former meat market and butcher facility was built in 2002 and offers a flexible interior layout designed to support food production, retail operations, light industrial use, storage and distribution, and/or special manufacturing. The building is described as solidly constructed, and building contents from the former butcher are available for purchase separately, with an inventory list available to interested buyers.
The property includes ample on-site parking and is situated on a 5-acre parcel, providing room for expansion. The offering also notes a large lot with development potential and adaptability for other commercial uses.
The property includes ample on-site parking and is situated on a 5-acre parcel, providing room for expansion. The offering also notes a large lot with development potential and adaptability for other commercial uses.
Key Highlights
- 6,000 SF purpose‑built former meat market/butcher facility built in 2002
- Flexible interior layout for food production, retail, light industrial use, storage/distribution, and/or special manufacturing
- Solid construction with room for expansion on a 5‑acre parcel
Financial Insights For Flex RnD
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 | $79.2k | $13.20 |
| − Vacancy | −$4.8k | −$0.81 |
| EGI | $74.4k | $12.39 |
| − OpEx | −$26.0k | −$4.34 |
| NOI | $48.3k | $8.06 |
6,000 SF · lease $13.20/SF/yr · vacancy 6.10% · expense 35.00%
Alternative Uses
Best Use
Specialty Retail
$987.3K
$863.9K – $1.15M
NOI $69,109 @ 7.0% cap · market cap 11.06%
Second Best
Retail
$842.4K
$737.1K – $982.8K
NOI $58,968 @ 7.0% cap · market cap 9.43%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Jaworski's Market
Grocery & Convenience Store
FAQs
What type of property is this?
Flex space - Purpose-built former meat market with flexible interior layout for food production, retail, light industrial, storage, or manufacturing.
Where is this flex space located?
The property is located at 58413 Crumstown Hwy 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 SF purpose‑built former meat market/butcher facility built in 2002; Flexible interior layout for food production, retail, light industrial use, storage/distribution, and/or special manufacturing; Solid construction with room for expansion on a 5‑acre parcel
