502 S Oakland Ave

South Bend, IN

High-Quality, Flexible Manufacturing/Warehouse Space

Property Snapshot

  • Building: 164,405 SF (Total Of 4 Buildings)
  • Office SF: 9,455 SF
  • Land: Approx. 19 Acres
  • Year Built: 1983 With Many Updates
  • Zoning: M-Mfg
  • Parking: 120 Spaces Approx.
  • OH Doors: 14
  • Docks/Levelers: 14
  • Crane Served: Yes
  • Lighting: T-8
  • Ceilings: 22'-27'
  • Fenced: Yes
  • Power: 800 Amp/480 Volt/3-Phase
  • Sprinklered: Yes
  • Utilities: Municipal Water & Sewer; High-Speed Internet Access (Available)
  • HVAC: Air Rotation/Radiant Tube Heat
  • List Price: $3,275,000
  • Lease Rate: $2.80 PSF NNN*
  • Notes: *The property is being offered for sale for $3,275,000 or lease for $2.80 PSF NNN. The main building 106,705 SF can be leased by itself or with the surrounding buildings for a total of 164,405 SF.

Property Details

The subject property is 164,405 SF on approximately 19 acres of land. The property offers a host of amenities such as:

  • 9,455 SF office space.
  • 14 overhead doors.
  • 14 dock-high doors.
  • 27’ maximum ceiling height.
  • 40’ x 80’ bay spacing.
  • Multiple one (1) and two (2) ton cranes (hoists not included).
  • 800 Amp/480 Volt, 3-phase.
  • 1000 Watt metal halide lighting.
  • Flexible/open floor plan.
  • CSX rail spur adjacent to property.
  • Expansion space available.

The property is being offered for sale for $3,275,000 or lease for $2.80 PSF NNN. The main building 106,705 SF can be leased by itself or with the surrounding buildings for a total of 164,405 SF.

Location

The property is located just south of US-6 (Market Street) and CR 7 (S. Oakland Avenue) in Nappanee and just minutes from SR 15 and SR 19.

Incentives for Doing Business in Indiana

Indiana is a “right-to-work-state”, offering a pro-growth environment, skilled workforce, and targeted business incentives to companies. Indiana also provides the business environment needed to branch out, and the industrydesigned initiatives designed to stimulate growth, innovation and profits. Indiana enjoys a “AAA” credit rating, capped property taxes, State tax exemption for patents developing new business technology or processes, and R & D sales tax credit on research and development equipment.

For More Information Please Contact

Ryan Gableman, CCIM/SIOR
Senior Broker, Partner
574.485.1502 | 574.215.0336 (c)
rgableman@cressy.com