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710 Fellows St
South Bend, IN 46601
Monroe Park Tech Centre · Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- RECENT BUILDING IMPROVEMENTS
EXECUTIVE SUMMARY
The fully leased 21,440 SF industrial building is designed to accommodate a single user or two
users. It features a high-bay warehouse area of 6,560 SF with a clearance height ranging from 28
to 33 feet, as well as a low-bay area of 12,000 SF with clearance heights between 13 and 20 feet.
The building is equipped with two dock doors and two grade-level doors. The high-bay section
is climate-controlled, utilizing a 20-ton Carrier unit installed in 2022, while ductwork provides
tempered cooling to other parts of the building. Additionally, the facility includes 2,880 SF of fully
heated and air-conditioned office/showroom space, with access to SBC central fiber switch and
municipal utilities. Over $700,000 has been invested in recent building improvements, and the
property offers 100% cooling (with tempered cooling in some warehouse areas). Located within an
Opportunity Zone and TIF District, the building benefits from significant economic incentives.
The Landlord invested over $220,000 into recent building
improvements and 20 TON Carrier HVAC and updated duct
work.
The Tenant invested nearly $500,000 in building upgrades.
Owner is providing an updated list of all upgrades and cost.
Tenant is working on additional upgrades.
users. It features a high-bay warehouse area of 6,560 SF with a clearance height ranging from 28
to 33 feet, as well as a low-bay area of 12,000 SF with clearance heights between 13 and 20 feet.
The building is equipped with two dock doors and two grade-level doors. The high-bay section
is climate-controlled, utilizing a 20-ton Carrier unit installed in 2022, while ductwork provides
tempered cooling to other parts of the building. Additionally, the facility includes 2,880 SF of fully
heated and air-conditioned office/showroom space, with access to SBC central fiber switch and
municipal utilities. Over $700,000 has been invested in recent building improvements, and the
property offers 100% cooling (with tempered cooling in some warehouse areas). Located within an
Opportunity Zone and TIF District, the building benefits from significant economic incentives.
The Landlord invested over $220,000 into recent building
improvements and 20 TON Carrier HVAC and updated duct
work.
The Tenant invested nearly $500,000 in building upgrades.
Owner is providing an updated list of all upgrades and cost.
Tenant is working on additional upgrades.
PROPERTY FACTS
| Sale Type | Investment or Owner User | Rentable Building Area | 21,440 SF |
| Cap Rate | 8.77% | No. Stories | 1 |
| Property Type | Industrial | Year Built | 1984 |
| Property Subtype | Manufacturing | Parking Ratio | 0.93/1,000 SF |
| Building Class | B | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 1.74 AC | Opportunity Zone |
Yes
|
| Zoning | I-1 - Industrial | ||
| Sale Type | Investment or Owner User |
| Cap Rate | 8.77% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 1.74 AC |
| Rentable Building Area | 21,440 SF |
| No. Stories | 1 |
| Year Built | 1984 |
| Parking Ratio | 0.93/1,000 SF |
| No. Drive In / Grade-Level Doors | 2 |
| Opportunity Zone |
Yes |
| Zoning | I-1 - Industrial |
AMENITIES
- Signage
UTILITIES
- Water
- Sewer
PROPERTY TAXES
| Parcel Number | 71-08-12-451-001.000-026 | Improvements Assessment | $440,707 CAD |
| Land Assessment | $35,521 CAD | Total Assessment | $476,228 CAD |
PROPERTY TAXES
Parcel Number
71-08-12-451-001.000-026
Land Assessment
$35,521 CAD
Improvements Assessment
$440,707 CAD
Total Assessment
$476,228 CAD
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