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    OFF-MARKET
    Manufacturing properties

    707 Scott St, South Bend, IN 46601-2825

    3,937 SF 0.52 ac lot Built 1967
    Entity Owned 13-yr Hold Free & Clear
    Property ID
    US31-2339006
    Property summary
    AI-generated overview

    This exceptional 8,400-square-foot flex space property, located at 707 S Scott Street in South Bend, Indiana, presents a compelling investment opportunity. The building, situated on a 0.57-acre lot, offers a blend of warehouse and office space ideal for various industrial uses. Constructed in 1967 with a 3,000-square-foot addition completed in 2006, the property boasts 12- to 14-foot ceiling heights, providing ample vertical space for storage or manufacturing operations. A 961-square-foot office area offers administrative space, enhancing the property's functionality. The property's zoning is designated as Industrial, allowing for a range of permitted uses. Its strategic location in South Bend, near the intersection of United Drive and Chapin Street, offers convenient access to local and regional transportation networks, including proximity to train tracks on West Scott Street. The property's proximity to downtown South Bend ensures easy access to municipal and business services. The flexible layout is well-suited for warehousing and manufacturing activities. Furthermore, the possibility of combining this property with an adjacent property, sharing access, presents additional expansion potential. The asking price is $294,000, translating to $35 per square foot.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1967
    Construction TYPE NOT SPECIFIED
    Total area 3,937 SF
    Lot 0.52 ac (22,651 SF)
    APN 71-08-11-452-009.000-026
    UPID US31-2339006
    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
    • South Bend Woodworks LLC Production Facility
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    707 South Scott LLC · 13 yrs held
    707 South Scott LLC
    since 2012
    2 recorded transactions
    2012
    $150,000
    2005
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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