Food Processing and Flex
For Sale
$625,000
58413 Crumstown Hwy, South Bend, IN 46619
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 Market159
Property Features for 58413 Crumstown Hwy
General Information
Standard status
Active
Size
6,000 SF
Lot size
5.00 Acres
Building Details
Year Built
2002
Listing Agency:
Berkshire Hathaway HomeServices Northern Indiana Real Estate
Listed By:
Dawn Martin · License #RB24001625
(574) 532-2841
Source:
Callcriswell
Added: May 19
Changed: Oct 15
Last Checked: Oct 7 at 2:39PM
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
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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
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
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
19
Businesses Nearby
Balanced
Demand for This Use
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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
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
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
