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Property profile & analytics
OFF-MARKET Estimated value $500,000
Manufacturing properties

3702 Progress Dr South Bend, IN 46628-1612

31,557 SF 0.86 ac lot Built 1968
Entity Owned 1-yr Hold Free & Clear
Property ID
US31-1503001
Property summary
AI-generated overview

This exceptional industrial property, located at 3702 Progress Drive in South Bend, Indiana, presents a compelling investment opportunity. The 31,557-square-foot warehouse, built in 1968, sits on a 2.32-acre lot and is offered at $1,750,000 ($55.46/sq ft). The property features a spacious 3,200-square-foot air-conditioned front office area, ideal for administrative functions and client interaction, complemented by a 28,357-square-foot warehouse space. Efficient loading and unloading are facilitated by one exterior loading dock and two overhead doors. The building is zoned for Light Manufacturing & Assembly (340). Its strategic location offers unparalleled access to major transportation arteries, including proximity to South Bend International Airport, US-31, and the I-80/90 toll road, making it an attractive option for businesses requiring seamless logistics and distribution capabilities. Ample parking is available on-site. The property is currently vacant and available for immediate occupancy under a NNN lease. This single-story building presents a rare opportunity to acquire a well-maintained industrial space in a prime South Bend location.

Property profile
Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1968
Construction TYPE NOT SPECIFIED
Total area 31,557 SF
Lot 0.86 ac (37,636 SF)
APN 71-03-33-401-002.000-026
UPID US31-1503001
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Hoosier Penn Oil Co Oil & Natural Gas Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$500k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$500k
Owner & transaction history
Dev 3702 Progress Dr LLC · 1 yrs held
Dev 3702 Progress Dr LLC
since 2025
2 recorded transactions
2025
Price N/A
2012
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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