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    OFF-MARKET
    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
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    Owner & transaction history
    Dev 3702 Progress Dr LLC · 1 yrs held
    Dev 3702 Progress Dr LLC
    since 2025
    2 recorded transactions
    2025
    2012
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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