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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 $940,000 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.
Opportunity Zone and TIF District, the building benefits from significant economic incentives.
Property Facts
| Sale Type | Investment or Owner User | Rentable Building Area | 21,440 SF |
| Cap Rate | 9.75% | 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 | 9.75% |
| 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 | $332,000 |
| Land Assessment | $25,800 | Total Assessment | $357,800 |
Property Taxes
Parcel Number
71-08-12-451-001.000-026
Land Assessment
$25,800
Improvements Assessment
$332,000
Total Assessment
$357,800
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