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Building 1 24423 State Road 23 47,447 SF 100% Leased Industrial Building South Bend, IN 46614 $3,950,000 ($83.25/SF)

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Investment Highlights

  • Industrial Inside and Outside Storage, Warehouse, Office Buildings, Vacant Land

Executive Summary

Six buildings at the site. Bldg One: 17,355 SF Bldg Two: 3,600 SF, Bldg Three: 11,000 SF, Bldg Four: 11,000, Bldg 5: 2,400 SF and Bldg Six: 2,092 SF. Large 15.09 acre property with all types of industrial storage, warehouse, and office buildings on the site at various locations. The two office buildings include one office for U-Haul and self storage rental and employee living quarters and the other office is a medical supplies office and warehouse. Approximately fourteen (14) acres of outside storage space which currently is being utilized by various renters. Recently there has been a significant increase in U-Haul rental revenue. A majority of the area is heavy duty concrete which covers most of the location. Additional barn and a very large covered shed also on the site. Property is located in a industrial area on a State Highway on the southwest side of South Bend near the U.S. 20 Bypass, U.S. 31, and the Indiana Toll Road (I-80/90). Numerous businesses nearby. Acceleration and deceleration lane at front of property.

Property Facts

Price $3,950,000
Price Per SF $83.25
Sale Type Investment or Owner User
Property Type Industrial
Property Subtype Manufacturing
Building Class C
Lot Size 15.09 AC
Rentable Building Area 47,447 SF
No. Stories 1
Year Built 1964
Clear Ceiling Height 16’
No. Drive In / Grade-Level Doors 3
Zoning Manufacturing

Utilities

  • Lighting - Sodium
  • Gas - Natural
  • Water - Well
  • Sewer - Septic Field
  • Heating - Gas

Property Taxes

Property Taxes

Parcel Number
71-08-30-400-005.000-010
Land Assessment
$40,200
Improvements Assessment
$344,300
Total Assessment
$384,500
  • Listing ID: 39547954

  • Date on Market: 2/23/2026

  • Last Updated:

  • Address: 24423 State Road 23, South Bend, IN 46614

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