3702 Progress Dr, South Bend, IN 46628-1612
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.
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Hoosier Penn Oil Co Oil & Natural Gas Company
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.