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301 E Sample St 65,256 SF Industrial Building South Bend, IN 46601 $7,813,850 CAD ($119.74 CAD/SF) 7% Cap Rate
Investment Highlights
- ±65,256 SF freestanding industrial facility, delivered vacant; first availability in 20+ years
- 24' clear height, 2 exterior dock-high doors, 1 drive-in/grade-level door, centralized loading dock zone
- ±1.93 AC adjacent excess development land for IOS, trailer parking, or build-to-suit
- 600A heavy power (3-phase, 4-wire, 65K AIC) supporting manufacturing and specialty industrial uses
- Dual street frontage on Sample St and Tutt St; NY Central rail-corridor adjacency
- $84/SF basis materially below regional industrial replacement cost; multi-path execution
Executive Summary
The property delivers vacant and offers a rare, multi-path repositioning opportunity in a 3.1% vacancy submarket with zero new supply under construction. Asking $5,500,000 (~$84 PSF) for sale or $6.25 PSF NNN for lease (3.0% annual escalations), the asset prices materially below replacement cost and supports a credible 5 to 7 year proforma future value of $7M+ at a ~7.00% exit cap.
SALE / LEASE OPTION:
±65,256 SF TOTAL | IN-PLACE OFFICE
$5,500,000 SALE | $6.25 PSF NNN LEASE
POWER, PARKING & FULL-BUILDING FUNCTIONALITY
Full-building single-tenant occupancy or partial demise across 3 functional zones
600A heavy power | 120/208V & 120/240V 3-Phase | 4W | 65K AIC
In-place office, conference, training, quality control, and sample room buildout
Centralized loading dock with 2 exterior dock-high doors plus 1 drive-in door.
Specialty buildout including ink-mixing clean room and food grade storage precedent.
Dual street frontage on Sample St (south) and Tutt St (north)
Rail-adjacent to the NY Central corridor (north boundary) ±1.93 AC adjacent excess development land for IOS, trailer parking, or build-to-suit
Suitable for printing, packaging, light manufacturing, food adjacent, distribution, contractor, or owner-user occupancy
Multiple paths to value: stabilized lease-up, single-tenant sale, partial demise, or owner-user reuse.
WAREHOUSE CONFIGURATION:
24' clear height throughout
Open-span warehouse with prior industrial racking
Centralized loading dock zone
In-place ink-mixing clean room
Food-grade storage room precedent
Property Facts
Amenities
- Fenced Lot
- Signage
- Air Conditioning
- Breakroom
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
±65,256 SF freestanding industrial facility available for immediate lease at 301 E Sample Street in downtown South Bend's core industrial submarket. The building delivers fully vacant and supports single-tenant occupancy or partial demise across three functional zones. 24-foot clear heights throughout, 600A heavy power (120/208V and 120/240V 3-phase, 4-wire, 65K AIC), 2 exterior dock-high doors plus 1 drive-in / grade-level door, and a centralized loading dock zone. Substantial in-place specialty buildout includes office, conference, training, quality-control, and sample room space, an ink-mixing clean room, and food-grade storage precedent. Open-span pressroom and bindery zones accommodate manufacturing line layout, modern racking, and operational flexibility. ±1.93 acres of adjacent excess development land north of Tutt Street offers additional optionality for IOS, trailer parking, build-to-suit expansion, or rail-spur development along the NY Central corridor. Asking $6.25/SF NNN with 3.0% annual escalations. Term negotiable. Build-to-suit and partial demising considered. Downtown South Bend infill location with dual street frontage on Sample Street (south) and Tutt Street (north), 2.5 miles from the University of Notre Dame. Direct access to Interstate 80/90, Interstate 94, and U.S. Highway 31. Chicago 97 miles west, Fort Wayne 88 miles south, Toledo 150 miles east. South Bend industrial submarket reports 3.1% vacancy with 745K+ SF of recent net absorption and zero new supply under construction. Suitable for manufacturing, light tech, printing, packaging, food-adjacent operations, distribution and 3PL, contractor yards, and owner-user occupancy. First availability in over 20 years.
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 65,256 SF | Industrial | - | Now |
1st Floor
| Size |
| 65,256 SF |
| Space Use |
| Industrial |
| Build-Out |
| - |
| Available |
| Now |
1st Floor
| Size | 65,256 SF |
| Space Use | Industrial |
| Build-Out | - |
| Available | Now |
±65,256 SF freestanding industrial facility available for immediate lease at 301 E Sample Street in downtown South Bend's core industrial submarket. The building delivers fully vacant and supports single-tenant occupancy or partial demise across three functional zones. 24-foot clear heights throughout, 600A heavy power (120/208V and 120/240V 3-phase, 4-wire, 65K AIC), 2 exterior dock-high doors plus 1 drive-in / grade-level door, and a centralized loading dock zone. Substantial in-place specialty buildout includes office, conference, training, quality-control, and sample room space, an ink-mixing clean room, and food-grade storage precedent. Open-span pressroom and bindery zones accommodate manufacturing line layout, modern racking, and operational flexibility. ±1.93 acres of adjacent excess development land north of Tutt Street offers additional optionality for IOS, trailer parking, build-to-suit expansion, or rail-spur development along the NY Central corridor. Asking $6.25/SF NNN with 3.0% annual escalations. Term negotiable. Build-to-suit and partial demising considered. Downtown South Bend infill location with dual street frontage on Sample Street (south) and Tutt Street (north), 2.5 miles from the University of Notre Dame. Direct access to Interstate 80/90, Interstate 94, and U.S. Highway 31. Chicago 97 miles west, Fort Wayne 88 miles south, Toledo 150 miles east. South Bend industrial submarket reports 3.1% vacancy with 745K+ SF of recent net absorption and zero new supply under construction. Suitable for manufacturing, light tech, printing, packaging, food-adjacent operations, distribution and 3PL, contractor yards, and owner-user occupancy. First availability in over 20 years.
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,128,748 CAD | |
| Land Assessment | $97,361 CAD | Total Assessment | $1,226,110 CAD |
Property Taxes
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301 E Sample St
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