Docstoc

INVENTORY OF PROPERTY LISTINGS NOVEMBER 2012 - FM Stone Commercial

Document Sample
INVENTORY OF PROPERTY LISTINGS  NOVEMBER 2012 - FM Stone Commercial Powered By Docstoc
					                                                                  INVENTORY OF LISTINGS
                                                                     NOVEMBER 2012
                                 Office Listings............................................................................................................. page 2
CARL TIEDEMANN, SIOR, CRE, CPM
            President, CEO       Retail Listings.............................................................................................................. page 4
         574.296.1311 direct
       tiedeman@fmstone.com

    JOHN LETHERMAN, CCIM
                                 Industrial Listings........................................................................................................ page 6
             Partner
       574.296.1308 direct
       johnl@fmstone.com         Land Listings............................................................................................................... page 9
      ROSS MILLER, SIOR
             Partner
       574.296.1301 direct       Investment Listings.................................................................................................... page 12
       rossm@fmstone.com

 BILL KUHNS, SIOR, RECS, CERS                         New listings appear highlighted in yellow. Pending listings appear highlighted in blue.
            Senior Broker
       574.296.1303 direct                                              Sold/Leased properties appear highlighted in red.
        billk@fmstone.com

     BRENT MILLER, SIOR
       Senior Vice President
       574.296.1302 direct
      brentm@fmstone.com
                                  The information contained herein was obtained from sources believed to be reliable. We cannot be responsible for errors, omissions, prior sale or
    PETE LETHERMAN, CCIM                lease, withdrawal from the market or change in price, without notice. No liability of any kind is to be imposed on the broker herein.
        Senior Vice President
       574.296.1310 direct
        petel@fmstone.com
                                                                                           FM Stone Commercial
      RICHARD HOBSON                                                                 a member of The Tiedemann Group
       Real Estate Salesperson                                                            530 E. Lexington Avenue
        574.296.1331 direct                                                                       Suite 175
      richardh@fmstone.com                                                                   Elkhart, IN 46516
                                                                                           Office: (574) 522.0390
                                                                                            Fax: (574) 295.1711
                                                                                             www.fmstone.com
                                                                                        www.thetiedemanngroup.com
   
    Office Inventory                                                                                                                                                                                                                                             November 2012



              Property Name                                Space                         Lease               Sale       Loopnet
                                         City                                                                                                 Broker(s)                                                                         Notes
             Property Address                             Available                      Rate                Price        ID

                                                     Entire Bldg: 10,920 SF
                                                  1st Fl, Unfinished: 4,301 SF    Unfinished: $4.00 NNN                L: 17047096                               Main floor is unfinished & has rest rooms. Second floor is partially finished w/offices, conference room, break room & rest
 428 Baldwin Street                     Elkhart                                                             $169,000               Richard Hobson
                                                   2nd Fl, Finished: 1,631 SF      Finished: Negotiable                S: 17047079                               rooms. City water & sewer. Zoned B-2.
                                                  2nd Fl, Unfinished: 2,670 SF

                                                                                                                                                                 156,503 SF building with approximately 50% office space and 50% lab space. Also includes 5,000 SF commissary building that
 Bayer Diagnostics Building                                                                                                         Brent Miller, SIOR
                                        Elkhart           156,503 SF                        -               $850,000    17702012                                 houses a fully-equipped restaurant. Building features two floors and lower level with underground parking. Three back-up
 1111 W. Bristol Street                                                                                                             Richard Hobson
                                                                                                                                                                 generators, one recessed truck dock & trash compactor. Zoned M-2.


 2222 California Road                   Elkhart            1,848 SF                     $4.80 Net              -        16613331    Richard Hobson               Water, property taxes, snow plowing & lawn care included in lease rate. City water & sewer. Zoned M-2.


                                                                                                                                                                 Brick exterior, built in 1999. Perfect building for church, office or organization. Situated on 2.09 acres. Gas forced air heat, rest
 27840 CR 4                             Elkhart            4,500 SF                         -               $259,900    17362137    Richard Hobson
                                                                                                                                                                 rooms, air conditioning.


 2800 CR 6                              Elkhart            7,216 SF                         -               $275,000    16958197    Bill Kuhns, SIOR             Multiple offices w/work area & storage area. Situated on a deep lot, good for expansion. Central air. City water & sewer.



 North Johnson Park                                   Suite 53846: 980 SF        Suite 53846: $9.18 Gross                                                        Two flex space suites available. Good location near Bristol St. and Cassopolis St. 10' ceilings. City water. Larger suite has a 14'
                                        Elkhart                                                                -        16730128    Richard Hobson
 53905 CR 9                                          Suite 53850: 2,400 SF       Suite 53850: $4.50 Gross                                                        overhead door. Features an open office area and 6 private offices.


 311 W. High Street                     Elkhart            5,616 SF                     $8.00 NNN              -            -       Pete Letherman, SIOR, CCIM   5,616 SF. Building in excellent condition. Located downtown.


 Eastpoint Business Centre                             Suite 100: 468 SF          Suite 100: $9.41 MG                                                            2 office suites available in multi-tenant building. Heat, air conditioning. Common areas include mail room, rest rooms, break
                                        Elkhart                                                                -        15366919    Carl Tiedemann, SIOR
 2701 Industrial Parkway                              Suite 190: 1,023 SF         Suite 190: $11.14 MG                                                           area & conference room. Zoned M-1.


 Eastpoint Business Centre Flex Space                 Suite 120: 2,154 SF          Suite 120: $7.80 MG
                                        Elkhart                                                                -        15366919    Carl Tiedemann, SIOR         2 flex space suites available. Newly renovated. 208 volt power. City water & sewer. Lease rate includes utilities. Zoned M-1.
 2701 Industrial Parkway                              Suite 140: 2,056 SF          Suite 140: $7.44 MG

                                                         1st Fl: 700 SF            1st Fl: $9.00 Gross
 Cornerstone Building                                  2nd Fl: 14,061 SF           2nd Fl: $8.00 Gross                                                           Downtown office space in good condition. Taxes, insurance & utilities included in lease rate. City-owned parking behind
                                        Elkhart                                                                -        16282915    Richard Hobson
 500 S. Main Street                                    3rd Fl: 14,061 SF           3rd Fl: $8.00 Gross                                                           building. Zoned B-2.
                                                          LL: 8,400 SF               LL: $6.00 Gross


 Atwood Center                                                                                                                      Richard Hobson               Upscale offices with 5 private offices & 2 coffee areas. Carpet & hardwood floors. Lobby with elevator. Ample parking. Space
                                        Elkhart            5,797 SF                   $11.50 Gross             -        16408964
 1120 N. Main Street                                                                                                                Brent Miller, SIOR           can be divided. Zoned M-2.


                                                                                                                       L: 17801831                               6,152 SF office building. Features 12 offices, three rest rooms and coffee break area. 30 paved parking spaces. Air conditioning
 2637 S. Main Street                    Elkhart            6,152 SF                     $6.05 NNN           $349,000               Richard Hobson
                                                                                                                       S: 17801718                               and gas forced air heat. Security system installed. Municipal water & sewer.

                                                                                                                                                                 4,800 SF office building situated on 0.456 acres. Property also includes 1,144 SF house & 768 SF outbuilding. Features 7 offices,
                                                                                                                       L: 17801452
 3124 S. Main Street                    Elkhart            4,800 SF                     $6.00 NNN           $270,000               Richard Hobson                large kitchen, open area w/cubicles, 4 rest rooms, large conference room & reception area. City water & sewer. Air conditioning
                                                                                                                       S: 17801434
                                                                                                                                                                 & gas forced air heat. 10 paved parking spaces. Great exposure & visibility.

                                                                                                                                                                 New carpet, paint & windows. 8 offices plus a large room for more space. Lessee will pay taxes, utilities, mowing &
 327 W. Marion Street                   Elkhart            7,052 SF                     $5.00 NNN              -        16467159    Richard Hobson
                                                                                                                                                                 snowplowing. Zoned CBD.

 Middlebury Manor                                                                                                                                                Three story office building. City water and sewer. On site parking. Passenger elevator. Nice brick exterior. Located on the
                                        Elkhart            12,858 SF                        -               $65,000     15938925    Richard Hobson
 222 Middlebury Street                                                                                                                                           corner of Middlebury and Prairie Streets, just a few blocks from downtown. Zoned R-4

                                                                                                                                                                 Last used as Credit Union branch. Property has 5 drive-up teller stations in rear. Building in good condition, fully landscaped. 3
 2400 Middlebury Street                 Elkhart            1,824 SF                         -               $145,000    16306099    Ross Miller, SIOR
                                                                                                                                                                 private offices. Full basement. Zoned M-1. Offers encouraged.

                                                                                                                       L: 16567257 Bill Kuhns, SIOR
 444 Nappanee Street                    Elkhart            5,550 SF                     $9.00 NNN           $250,000                                             2 Story brick building w/2,775 SF per floor. Has abundant on site parking. 17 offices. Zoned B-2.
                                                                                                                       S: 16567252 Richard Hobson

                                                      Suite A1: 3,366 SF
                                                      Suite A2: 2,351 SF
 Executive 500 Building                                                                                                                                          2-story, multi-tenant office building. Waterfront views, picnic & pond area. Gas forced air heat; air conditioning. City water &
                                        Elkhart        Suite B3: 719 SF                $9.75 Gross             -        16750199    Richard Hobson
 500 N. Nappanee Street                                                                                                                                          sewer. 400 amp, 110 volt power. Zoned B-2.
                                                       Suite B6: 831 SF
                                                      Suite BA: 1,563 SF




                                                                                                                                      2
   
    Office Inventory                                                                                                                                                                                                                        November 2012



            Property Name                         Space                   Lease           Sale       Loopnet
                                City                                                                                       Broker(s)                                                                        Notes
           Property Address                      Available                Rate            Price        ID

                                                                                                    L: 17062415                               Internal walls are all brick for a very quiet environment. 6 exam offices w/plumbing, 2 restrooms, 2 waiting areas, enclosed
 603 Oakland Avenue            Elkhart            2,496 SF              $5.00 NNN        $59,900                Richard Hobson
                                                                                                    S: 17062412                               receptionist area. Zoned B-2.


                                                                                                                 Bill Kuhns, SIOR             2,658 SF office building situated on 0.9 acres. Adjancent lot also included. Class A medical office w/waiting room, three offices,
 21764 & 21784 Omega Court     Elkhart            2,658 SF                   -           $295,000    17800159
                                                                                                                 Richard Hobson               eight patient rooms & kitchen. Built in 2002. Central air conditioning & gas heat. 22 parking spaces. Zoned DPUD R-4.


                                                                                                                                              Winchester Mansion. Two-story brick building is now professional offices. Built in 1905; renovated in 2004 w/all new
 529 S. 2nd Street             Elkhart            5,626 SF                   -              -        17803654    Richard Hobson               mechancials. Features 8 offices, 2 large conference rooms & full kitchen. Beautiful architecture & finishes. Central air
                                                                                                                                              conditioning & gas forced air heat. Great exposure. City water & sewer.

                                                                                                                                              Features reception area w/fireplace, 4 offices, break room/kitchen w/storage & 2 half baths. Full basement has 1 large room &
 221 S. 3rd Street             Elkhart            1,344 SF                   -           $59,900     17038490    Richard Hobson
                                                                                                                                              2 small offices. Zoned B-2.

                                                                                                                                              Multi-tenant office building w/private offices. Building features sales areas, multiple entries, conference room & coffee bar.
 Atrium Court                              Suite 120-130: 1,695 SF
                               Elkhart                               $6.00 - $10.00 MG      -        15364669    Carl Tiedemann, SIOR         Owner will remodel or split. Lease rate listed is for the first year of lease. Lease rate does not include CAM, taxes and insurance.
 505 S. 3rd Street                           Suite 150: 2,807 SF
                                                                                                                                              Space is as is.

 Waterbury Office Park                                                                              L: 16929480 Richard Hobson                Class A office space. Large entry, 6 large offices, conference room, break room & central work area. Heated Garage w/opener.
                               Elkhart            4,156 SF              $8.00 NNN        $279,000
 810 Waterbury Park Drive                                                                           S: 16929474 Ross Miller, SIOR             Zoned PUD.

                                                                                                                                              Medical office building. Situated on 0.365 acres. Built in 1994. Vaulted ceilings, 5 private exam rooms, waiting room, reception
 1720 W. Lincoln Avenue        Goshen             1,432 SF                   -           $229,000    17831230    Richard Hobson
                                                                                                                                              area & storage room. Paved parking for 12 vehicles. Air conditioning & gas forced air heat.


 Goshen Commons
 2020 Lincolnway East
                               Goshen             1,200 SF              $12.95 NNN          -        17015571    Pete Letherman, SIOR, CCIM   PENDING!

                                                                                                                                              Features 2 private rooms, full bathroom, kitchen, open area, full basement & 2 car garage. City water & sewer. Zoned
 326 N. Riverside Boulevard    Goshen              888 SF                    -           $129,900    17229013    Richard Hobson
                                                                                                                                              Residential.

                                                                                                    L: 16941191                               Attractive office building located in the heart of Downtown Goshen. 2,650 SF space for lease. High visibility, accessible from
 321 S. Third Street           Goshen             6,120 SF              $6.00 NNN        $695,000               Pete Letherman, SIOR, CCIM
                                                                                                    S: 16941188                               intersection of US 33 & SR 15. Zoned B-1.

 Edison Centre II
                              Mishawaka      Suite 150: 1,563 SF        $16.00 MG           -        14191742    Carl Tiedemann, SIOR         Excellent location between Grape Road & Main Street in Mishawaka. Beautifully landscaped grounds, nice offices.
 245 Edison Road


                                                                                                                                              Nice medical office building w/several private offices, patient exam rooms, a rehabilitation gym & small therapy pool. HVAC has
 501 Wall Street              Valparaiso          8,205 SF                   -           $595,000    17475951    Richard Hobson
                                                                                                                                              split systems. Three entrances in front to allow for multi-tenancy. Located in professional office park.




                                                                                                                   3
Retail Inventory                                                                                                                                                                                                         November 2012


                   Property Name                  Space            Lease    Lease      Sale         Loopnet
                                      City                                                                              Broker(s)                                                             Notes
                  Property Address               Available         Rate     Type       Price          ID

   King Plaza                                                                                                                               2,800 SF clean and well-maintained building with 3 separate suites. Situated on 1.51 acres. Clear span
                                     Bristol       2,800 SF          -        -     $159,900.00     17777830   Richard Hobson
   16575 SR 120                                                                                                                             building. One suite is a hair salon with 4 chairs & waiting room. Could be multi-tenant office building.



                                                                                                                                            Adjacent to Mattress Warehouse. Highly visible retail space located at one of Elkhart's busiest
   424 E. Bristol Street             Elkhart       1,530 SF        $12.00   NNN           -         15770285   Pete Letherman, SIOR, CCIM
                                                                                                                                            locations. Space is in move-in condition. Zoned Business.


                                                                                                                                            Retail facility situated on 1.4 acres. Excellent exposure on one of Elkhart's busiest thoroughfares.
   1220 W. Bristol Street            Elkhart      21,509 SF          -        -     $200,000.00     17888712   Pete Letherman, SIOR, CCIM   Features overhead door to warehouse portion of facility. Wet sprinkler system. Municipal water &
                                                                                                                                            sewer. Zoned M-2.



   1503 W. Bristol Street            Elkhart       4,575 SF          -        -     $425,000.00                Pete Letherman, SIOR, CCIM   Free-standing retail building. Built in 2007. Situated on 2.64 acres. Municipal utilities.



   Former Trinity Gardens                                                                                                                   Former garden center/nursery. 49.5 acres. 3,200 SF office/retail building. 4,250 SF warehouse w/cold
                                     Elkhart        7,450            -        -     $513,000.00     17786282   Pete Letherman, SIOR, CCIM
   25250 CR 4                                                                                                                               storage area. Large tree inventory. Zoned agriculture.


                                                                                                                                            Exciting opportunity to own an Elkhart County landmark! Amish-crafted 51,000 SF building. Includes
   Former American Countryside                                                                                 John Letherman, CCIM
                                     Elkhart      51,000 SF          -        -     $3,950,000.00   17777821                                95 acres. Located at signalized US 20 & SR 19 interchange. Visible from US 20 Bypass Many
   27919 CR 26                                                                                                 Pete Letherman, SIOR, CCIM
                                                                                                                                            possibilities for this unique property. Can be easily covertetd for many uses.

                                                                                                                                            Fully operational car wash situated on 1.65 acres. Great location near Indiana Toll Road. Adjacent to
   Laser Wash                                                                                                                               Walmart in high visibility retail corridor. Can be purchased for car wash, but financials are not
                                     Elkhart       2,300 SF          -        -     $525,000.00     17814202   Pete Letherman, SIOR, CCIM
   2714 Emerson Drive                                                                                                                       currently available. Land can be purchases for redevelopment opportunity for $325,000. Zoned
                                                                                                                                            General Business.
                                                                                                                                            Space available in neighborhood strip center. Air conditioning, gas heat, city water & sewer. Landlord
                                                                                                                                            pays taxes, insurance and CAM. Tenant responsible for utilities and interior maintenance. Other
   909 Goshen Avenue                 Elkhart       4,000 SF        $9.00     MG           -         17814359   Pete Letherman, SIOR, CCIM
                                                                                                                                            tenants include Family Dollar, Laundromat, DC's Pizza & Subs. Great location near downtown with
                                                                                                                                            high visibility.

   420 E. Jackson Boulevard          Elkhart       5,000 SF                                                    Ross Miller, SIOR            PENDING!

                                                                                                                                            Former Alick's Drug Store. Many possibilities for this high-profile location. 1.5 story building w/ private
   942 E. Jackson Boulevard          Elkhart       8,000 SF        $7.00    NNN           -         16413099   John Letherman, CCIM
                                                                                                                                            offices on second floor. City water & sewer. Large paved parking area. Zoned B-1.



                                                                                                                                            Former Alick's Home Medical. Very nice property. 7,205 SF space includes 5 offices & large showroom.
   952 E. Jackson Boulevard          Elkhart      11,989 SF        $5.00    NNN           -         16437246   John Letherman, CCIM
                                                                                                                                            4,784 SF of warehouse space. Full basement w/ lift, employee lounge, security system. Zoned B-1.


                                                                                                                                            Former Alick's Properties. 1.5 acre site w/frontage on Upper St. Joe River. Includes 2 retail stores:
   942 & 952 E. Jackson Boulevard    Elkhart      19,989 SF          -        -     $595,000.00     14392074   John Letherman, CCIM         11,989 SF & 8,000 SF. Ideal site for riverfront restaurant. Endless development possibilities. City
                                                                                                                                            sewer & water. Zoned B-1.

                                                                                                                                            Two suites available in this strip center. High visibility & excellent access. Can be combined to make
   Johnson & Baldwin Crossing                  Suite H: 1,320 SF
                                     Elkhart                       $9.00    NNN           -         17022513   Ross Miller, SIOR            one suite of 2,800 SF. Rest room in each suite. Heat & air conditioning. Excellent maintenance.
   1234 Johnson Street                         Suite I: 1,480 SF
                                                                                                                                            *Broker owned property.


                                               Suite A: 9,100 SF
   347 W. Lusher Avenue              Elkhart                       $7.00    NNN           -         16271577   Carl Tiedemann, SIOR         28,450 SF building in "white box" condition.
                                               Suite C: 4,290 SF


                                                                                                                                            Landmark property with excellent potential for redevlepment. Gorgeous river views; on downtown
   200 N. Main Street                Elkhart      16,900 SF          -        -     $299,500.00     17342651   John Letherman, CCIM         Elkhart's beautiful Riverwalk. 16,900 SF building w/ basement currently on property. Parking lot with
                                                                                                                                            space for 20+ vehicles also on property. City water & sewer. Zoned CBD.




                                                                                                     4
Retail Inventory                                                                                                                                                                                                                            November 2012


                  Property Name                        Space               Lease        Lease        Sale           Loopnet
                                       City                                                                                                 Broker(s)                                                            Notes
                 Property Address                     Available            Rate         Type         Price            ID

                                                                                                                                                                Former Mad Anthony's restaurant. Includes all fixtures, furniture and restaurant equipment. Great
                                                                                                                                   Ross Miller, SIOR
   528-532 S. Main Street             Elkhart          6,220 SF               -            -      $589,000.00       17467609                                    location just steps away from the new Lerner Theatre. Several flexible options for lease or purchase.
                                                                                                                                   Richard Hobson
                                                                                                                                                                Three aparments upstairs. Zoned CBD.


   Concord Commons                                                                                                                                              Strip Center retail space w/ 14' ceilings, city water & sewer. Mowing & snow removal included in lease
                                      Elkhart          1,600 SF            $9.00        Mod.Net         -           15677089       Richard Hobson
   3706 Mishawaka Road                                                                                                                                          rate. No CAM. One month free rent! Zoned PUD.

                                                                                                                                                                27,854 SF free-standing retail building situated on 2.03 acres of land. Building is in excellent condition.
   327 Northpointe Boulevard          Elkhart         37,854 SF               -            -      $1,100,000.00     15413713       Pete Letherman, SIOR, CCIM   Built in 1997. Two docks adjacent to the warehouse portion of the facility. Located near restaurants
                                                                                                                                                                and hotels in growing retail corridor. Zoned PUD.

                                                    Multiple spaces                                                                                             Neighborhood Shopping Center anchored by Kmart. City water & sewer. 986 parking spaces. Located
   North Pointe Retail Center
                                      Elkhart        available from     $5.00 - $7.00    NNN            -           16126791       John Letherman, CCIM         at the intersection of I 80/90 & State Road 19 N. Close to several hotels & restaurants. Wet sprinklers,
   3119-3267 Northview Drive
                                                  1,400 SF - 6,080 SF                                                                                           air conditioning & gas heating. 220 volt, 200 amp, 3-phase power. Zoned B-3.


                                                                                                                                                                Former Trailer Town #2. Situated on 1.9 acres. Has 5-12' overhead doors, floor drain, crane rails &
   57941 SR 19                        Elkhart          7,344 SF            $4.08          Net           -           17079847       Bill Kuhns, SIOR
                                                                                                                                                                airlines. Can be leased w/57908 Kreighbaum.



                                                                                                                   L: 16449430                                  Mario's Inc.. Building in good condition. City water & sewer. 100 amp power. Brick exterior. Air
   1801 Wood Street                   Elkhart          3,600 SF            $4.33         Gross    $140,000.00                      Richard Hobson
                                                                                                                   S: 15673710                                  conditioning & gas heating. Zoned B-1.



   Goshen Commons II                                                                                                                                            Located across the street from Goshen Commons I. Close proximity to Wal-Mart, Menards, McDonalds,
                                      Goshen       Suite 4: 1,125 SF       $12.95        NNN            -                 -        Pete Letherman, SIOR, CCIM
   2856 N. Eisenhower Drive                                                                                                                                     Burger King, Walgreens & much more. City water & sewer. Zoned B-3.



                                                                                                                   L: 16827971                                  Conveniently located near the new Martin's Supermarket. The property is 0.98 acres in size w/275' of
   1907 & 1819 Elkhart Road           Goshen           4,800 SF            $9.00         NNN      $395,000.00                      Pete Letherman, SIOR, CCIM
                                                                                                                   S: 16827962                                  frontage. The owner is willing to sell the two parcels individually. Zoned Business General.


                                                    2014: 9,290 SF       2014: $8.00                              2014: 16309428                                Attractive retail center conveniently located along busy US 33. Current tenants include Dollar General,
   Goshen Commons
                                      Goshen        2020: 1,200 SF      2020: $12.95     NNN            -         2020: 17015571   Pete Letherman, SIOR, CCIM   Great Clips, Radio Shack, Sears Hardware & others. Close proximity to Wal-Mart, Menards, McDonalds,
   2014-2026 Lincolnway East
                                                    2026: 1,100 SF      2026: $12.95                              2026: 16341627                                Burger King, Walgreens & much more. Zoned B-3.

                                                                                                                                                                5,292 SF building situated on 4.687 acres. High traffic location with on-site parking. Multiple potenial
   1001 N. Main Street                Goshen           5,292 SF               -            -      $398,000.00       17725679       Pete Letherman, SIOR, CCIM
                                                                                                                                                                uses. Zoned Commerical.

                                                                                                                                                                2 buildings. Building 1 is 5,514 SF. 10 OH doors & small shop office. Building 2 is 6,263 SF. 2 OH
   2555 S. 11th Street                 Niles          11,777 SF            $3.50         NNN      $425,000.00                      Pete Letherman, SIOR, CCIM
                                                                                                                                                                doors. 178' frontage on 11th Street. 1.47 acres w/room for expansion.


   Shipshe Pizza & Subs                                                                                                                                         Restaurant & 18-hole miniature golf course. Built in 1999. Finished basement. Situated on 1.71 acres.
                                    Shipshewana        1,276 SF               -            -      $550,000.00       17642723       Richard Hobson
   145 E. North Village Drive                                                                                                                                   Highly visibility in tourist-friendly location. Pizza oven & tables included.



                                                                                                                                                                2,765 SF retail/service building. Situated on 0.59 acres. 230 feet of frontage on Lincolnway East. Air
   1820 Linolnway East              South Bend         2,765 SF               -            -      $368,000.00       17777848       Richard Hobson
                                                                                                                                                                conditioning & gas heat. Lighted signage. 2 overhead doors for detail shop. 5 offices with open area.


                                                                                                                                                                Price Reduced! Building is ideal for an automotive service or other business in the service industry.
                                                                                                                                   Brent Miller, SIOR
   3275 Elwood Avenue               South Bend         5,000 SF               -            -      $264,000.00       17642601                                    Currently divided in two sections as a multi-tenant building, but could be opened back up to one unit.
                                                                                                                                   Richard Hobson
                                                                                                                                                                Situated on 0.54 acres. Zoned CBD.




                                                                                                                      5
Industrial Inventory                                                                                                                                                                                                                    November 2012


            Property Name                                Space                 Lease          Lease       Sale                Loopnet
                                        City                                                                                                        Broker(s)                                                      Notes
           Property Address                             Available              Rate           Type        Price                 ID

                                                                                                                             L: 15923564                                Air lines, compressor, liner panels, crane rail & fenced yard. Small mezzanine area. Docks
    606 W. Center Street              Bourbon           74,000 SF              $2.00          NNN     $1,100,000.00                        Ross Miller, SIOR
                                                                                                                             S: 15528190                                have levelers & most are electric. City water & sewer. Zoned Manufacturing.

                                                                                                                             L: 16111493                                Features fire sprinklers, 18' ceilings, 2 docks & 9 overhead doors. 100' x 460' clear span in
    700 S. Division Street (SR 15)     Bristol          57,861 SF              $2.50          NNN      $750,000.00                         Brent Miller, SIOR
                                                                                                                             S: 16108561                                main section & 100' x 100' clear span in rear section. Zoned M-2.

                                                                                                                                                                        1,000 SF office space, 16'-20' ceilings, high-intensity lighting, 2 docks & 6 overhead doors.
    806 S. Division Street (SR 15)     Bristol          20,000 SF                 -             -      $299,000.00            16962265     Brent Miller, SIOR
                                                                                                                                                                        City utilities. Zoned M-2.

                                                                                                                                                                        Situated on 6.3 acres of land. 16'-18' ceilings, 3 overhead doors, fenced yard & security
    19875 M-205                      Edwardsburg        19,690 SF                 -             -      $510,000.00            15869450     Ross Miller, SIOR
                                                                                                                                                                        system. Includes free-standing office building. Zoned Manufacturing.
                                                                                                                                                                        Offering six months free (every other month) for one year with a new three-year NNN
    2700 Ada Drive                     Elkhart          60,000 SF              $2.30          NNN            -                16813215     Ross Miller, SIOR            lease. Situated on 3 acres. Fenced property. Features 4 exterior docks & 3 14' overhead
                                                                                                                                                                        doors. Has 16' ceilings. City sewer. Zoned M-1.
                                                                                                                                                                        27,962 SF building w/4,500 SF of office space. Total SF does not include 880 SF
                                                                                                                                           Ross Miller, SIOR
    1227 W. Beardsley Avenue           Elkhart          27,962 SF                 -             -      $295,000.00            17800341                                  mezzanine. 14' - 26' ceiling heights. High intensity lighting. Municipal water & sewer.
                                                                                                                                           Richard Hobson
                                                                                                                                                                        Heavy power. Zoned M-1.
                                                                                                                                                                        Well-maintained building. Has 800 SF of office space, 2 overhead doors. 3 phase electric.
    1505 W. Beardsley Avenue           Elkhart           8,800 SF                 -             -      $159,000.00            17642672     John Letherman, CCIM         Partially fenced. Additional paved parking in back of building. City water & sewer. Zoned M-
                                                                                                                                                                        1.

    2700 Bryant Street                 Elkhart          10,351 SF                                                                          Pete Letherman, SIOR, CCIM   LEASED!
                                                     Suite A: 12,730 SF                                                                                                 Clear span building w/16' ceilings, 2 overhead doors & 1 outside dock. T-5 lighting, air
    1000 Campus Court                  Elkhart                                 $3.60          NNN            -                15806167     Ross Miller, SIOR
                                                   Suites B&C: 27,270 SF                                                                                                rotation heat. Taxes $10,155/year. Zoned M-1.

                                                                                                                                                                        Warehouse building situated on 7 acres. Several overhead doors. Paved, fenced & lighted
    2345 Cassopolis Street             Elkhart          12,000 SF                 -             -     $1,143,000.00           17074867     Ross Miller, SIOR
                                                                                                                                                                        lot.

                                                                                                                                                                        4.63 acres. Has 3 docks, 2 overhead doors, 16' ceilings, fire sprinklers & 24'x50' column
    28335 Clay Street                  Elkhart          36,510 SF                 -             -      $550,000.00            16434377     Brent Miller, SIOR
                                                                                                                                                                        spacing. Bulk storage room, unloading station & compressor room. Zoned M-1.

                                                                                                                             L: 15184828   Pete Letherman, SIOR, CCIM PRICE REDUCED! 4,904 SF of office space. 65,000 SF of paved parking. Heavy-use electric.
    3504 Cooper Drive                  Elkhart          102,957 SF             $2.50          NNN      $875,000.00
                                                                                                                             S: 15184793   John Letherman, CCIM       Has 6 overhead doors including 2 exterior levelers. Zoned M-2.

                                                                                                                                                                        Lease Rate Reduced! 4,800 SF industrial building. Has 420 SF of office space. 16' eaves;
    57732 CR 3                         Elkhart           4,800 SF              $3.60           Net           -                17114144     Bill Kuhns, SIOR
                                                                                                                                                                        clear span. One 12' x 14' overhead door. Zoned M-1.

                                                                                                                                           Ross Miller, SIOR            Former Truck Accessory Group. 8 Offices, 1 large room, new carpet & new paint. Coffee
    57784 CR 3                         Elkhart          75,000 SF              $2.20          NNN            -
                                                                                                                                           Brent Miller, SIOR           area, rest rooms & 1 conference room. Large lobby. Zoned M-1.

                                                    Suite B: 37,400 SF                                                                                                  Industrial building in Northland Park. Features 4 overhead doors, 16' - 18' ceilings & wet
    3501 CR 6                          Elkhart                                 $2.65          NNN            -                15623697     Ross Miller, SIOR
                                                    Suite C: 31,800 SF                                                                                                  sprinkler system. City water & sewer. Gas forced air heat, rest rooms. Zoned M-1.

                                                                                                                                                                        PRICE REDUCED! Located in an Industrial Park Setting. 6 docks, 1 overhead door, 25'x60'
    56897 Elk Park Drive               Elkhart          57,000 SF                 -             -      $998,000.00            16503202     Bill Kuhns, SIOR
                                                                                                                                                                        bay spacing, 3-phase power & city water & sewer. Zoned M-2.

    Franklin Keg Building                                                                                                                                               Rear part of building is currently leased. 24'-30' ceiling heights. 200 amp, 240 volt, 3-phase
                                       Elkhart            8,000            Call for pricing     -     Call for pricing        15891680     Bill Kuhns, SIOR
    1671 W. Franklin Street                                                                                                                                             power.

                                                                                                                                                                        Good condition. Has several overhead doors of various sizes & 2 docks. 440 volt, 1200
    28533 Holiday Place                Elkhart          33,000 SF                 -             -      $425,000.00           S: 16968960   Bill Kuhns, SIOR
                                                                                                                                                                        amp, 3-phase power. Zoned M-1.

    Former Heartland Plant 22
    2824 Jami Street
                                       Elkhart          22,160 SF                 -             -      $375,000.00            17734678     Brent Miller, SIOR           PENDING!
    Former Heartland Plant 23
    2824 Jami Street
                                       Elkhart            12,100                  -             -      $195,000.00            17734684     Brent Miller, SIOR           PENDING!
                                                                                                                                                                        4,600 SF office space w/5 private offices, conference room & kitchen. 3 sets of restrooms.
    3112 Lexington Park Drive          Elkhart           8,400 SF                 -             -      $258,000.00            17389713     Richard Hobson
                                                                                                                                                                        Situated on 1.21 acres. 18' ceilings, 1 overhead door and 1 dock. Zoned B-1.




                                                                                                                         6
Industrial Inventory                                                                                                                                                                                                         November 2012


             Property Name                               Space              Lease   Lease      Sale              Loopnet
                                           City                                                                                        Broker(s)                                                       Notes
            Property Address                            Available           Rate    Type       Price               ID

                                                                                                                                                            Situated on 1 acre of land. Building features 3 12'x12' overhead doors, 24'x40' column
    52782 Lillian Avenue                  Elkhart        10,000 SF          $3.36   NNN           -                  -        Bill Kuhns, SIOR
                                                                                                                                                            spacing & 220 volt/200 amp/3-phase power. Zoned M-2.

                                                                                                                L: 15904437                                 Former Sundowner Interiors. Situated on 2.67 acres of land. Has 12' ceilings, 7 overhead
    52956 Lillian Avenue                  Elkhart        12,544 SF            -       -     $360,000.00                       Brent Miller, SIOR
                                                                                                                S: 15869521                                 doors, 2 station paint booths, external paint mixing room & compressor room. Zoned M-2.

                                                                                                                L: 15585191                                 Former Hoosier Crane Building. 978 SF of office space, 13' ceiling heights, 1 crane w/5 ton
    2423 Lowell Street                    Elkhart         8,490 SF          $3.00   NNN     $199,500.00                       Brent Miller, SIOR
                                                                                                                S: 15280886                                 capacity. 300 amp, 240 volt, 3 phase electric. Zoned M-1.

                                                                                                                                                            Situated on 3.49 acres. Features +/- 5,000 SF of office space, 18'eaves, exterior dock
    1700 W. Lusher Avenue                 Elkhart      40,000 SF +/-          -       -     $650,000.00          17443401     Ross Miller, SIOR
                                                                                                                                                            w/leveler, 5 overhead doors, 110/220 v power. City water & sewer. Zoned M-1.

                                                                                                                L: 17819276                                 Business Relocating. Situated on 2.98 acres. Features 2,138 SF office space, 18' ceilings, 2
    2501 Marina Drive                     Elkhart        28,800 SF          $2.76   NNN     $625,000.00                       Bill Kuhns, SIOR
                                                                                                                S: 17819271                                 OH doors & 2 docks. Clear span. Air conditioning & gas radiant heat. Zoned M-1.

                                                                                                                                                            Clean space in excellent condition. Ideal for light manufacturing, distribution or service
    1001 Mitchell Jellison Drive          Elkhart         5,000 SF          $3.00   NNN           -              15992913     Ross Miller, SIOR
                                                                                                                                                            center. Features 1 overhead door & 2 offices.

                                                     Suite A: 5,000 SF                                                                                      Clean 5,000 SF spaces. Ideal for light manufacturing, distribution or service center. Outside
    1042 Mitchell-Jellison Drive          Elkhart                           $2.88   NNN           -              15992913     Ross Miller, SIOR
                                                     Suite B: 5,000 SF                                                                                      dock available. One overhead door.

                                                                                                                                                            8,000 SF building w/16' ceilings, 40' column spacing. & 1 overhead door. City utilities.
    1149 Mitchell-Jellison Drive          Elkhart         8,000 SF          $2.88   NNN           -              16168802     Ross Miller, SIOR
                                                                                                                                                            Zoned M-1.

                                                                                                                                                            2 buildings. Building 14 is a 12,000 SF cold storage building. Building 35 is a 3,000 SF
    Northeast Corner of Oak & C Street    Elkhart        15,000 SF            -       -     $175,000.00          17691013     Brent Miller, SIOR            hazardous waste consolidation facility with explosion-proof light. Situated on 2.77 acres. 2
                                                                                                                                                            overhad doors. 200 amp; 120/240 volt; 3 phase power. Zoned M-2.
                                                                                                                                                            14,400 SF in main building, 672 SF in modular office & 3,200 SF out-building w/small paint
    25883 N. Park Avenue                  Elkhart        18,272 SF            -       -     $195,000.00          16682825     Brent Miller, SIOR
                                                                                                                                                            area w/exhaust. 12-17' ceilings, 6 grade level doors. City utilities. Zoned M-1.

                                                                                                                              Brent Miller, SIOR            Former Damon Plant 8. 16' ceilings, 25' x 40' bays, 7 overhead doors, fenced storage yard,
    2933 Paul Drive                       Elkhart        12,000 SF          $2.52   NNN           -              16171760
                                                                                                                              Ross Miller, SIOR             airlines & exhaust fan. Zoned M-1.

                                                                                                                              Brent Miller, SIOR            Former Damon Plant 12. 16' ceilings, 25' x 40' bays, 7 overhead doors, fenced storage
    2939 Paul Drive                       Elkhart        14,000 SF          $2.52   NNN           -              16171775
                                                                                                                              Ross Miller, SIOR             yard, airlines & exhaust fan. Zoned M-1.

    Former Heartland Plants 21, 22 & 23                                                                                                                     3 buildings with a total of 20.8 acres. 9.42 acres of slag & chassis yard. 24 grade-level
                                          Elkhart        80,391 SF            -       -     $1,390,000.00        17735538     Brent Miller, SIOR
    2946 Paul Drive                                                                                                                                         overhead doors. Approx. taxes: $35,386.48. Municipal utilities. Zoned M-1.
                                                                                                                                                            Situated on 15.25 acres. Has 4,992 SF of office sapce. 2,025 SF coverage storage area
    Former Heartland Plant 21
                                          Elkhart        46,131 SF            -       -     $895,000.00          17733718     Brent Miller, SIOR            w/sprinklers not included in overall SF. Additional 9.42 acres of fenced & slag storage yard
    2946 Paul Drive
                                                                                                                                                            included w/building. Zoned M-1.
                                                      Suite 1: 5,500 SF
                                                                                                                                                            Situated on 6 acres. 3 grade level overhead doors. 14' ceilings. Located off of Cassopolis
    51778 SR 19                           Elkhart     Suite 2: 3,000 SF     $2.88   NNN           -              16398251     Richard Hobson
                                                                                                                                                            Street. 3-phase power. Zoned M-1.
                                                      Suite 3: 4,500 SF
                                                                                                                                                            8,800 SF in 2 buildings. East building is 4,800 SF. West building is 4,000 SF w/520 SF of
    27669 Westwood Drive                  Elkhart         8,800 SF            -       -     $135,000.00          17798267     Brent Miller, SIOR            office space. Situated on 1.83 acres. Total of 6 grade level overhead doors. 20' eaves; clear
                                                                                                                                                            span. Zoned M-1.

                                                                                                                                                            Each unit has 14' overhead door, air conditioned office, heated warehouse, & personal
    831 Windsor Boulevard                 Elkhart   Units 5 & 6: 4,800 SF   $5.98    MG           -              14913340     Pete Letherman, SIOR, CCIM
                                                                                                                                                            signage on building. An exterior, grade level dock is available to all tenants. Zoned M-1.

    Wyland Drive Business Center                                                                                                                            Suite 700 has 200 SF of office space. Additional office space available. Clear span. 16'
                                          Elkhart   Suite 700: 3,200 SF     $5.75   NNN           -              16672332     Brent Miller, SIOR
    4505 Wyland Drive                                                                                                                                       ceilings. Zoned M-2.

                                                     Space 1: 4,800 SF                                                                                   Multi-tenant warehouse space. Ideal for light manufacturing. 3 buildings with 13 units
                                                                                                                              John Letherman, CCIM
    2418-2422 Dierdorf Road               Goshen     Space 2: 6,000 SF      $2.50   NNN           -              17876276                                ranging from 1,000 - 6,000 SF each. Excellent location, great visibility. Zoned M-1. Also
                                                                                                                              Pete Letherman, SIOR, CCIM
                                                     Space 3: 6,000 SF                                                                                   available for sale as investment.

                                                                                                                                                            Built in 2005. Features 16' ceilings, 2 docks, 2 grade level doors, air-conditioned office &
    2147 N. Eisenhower Drive              Goshen          6,000 SF          $3.50   NNN           -              16774108     Richard Hobson
                                                                                                                                                            city utilities. Zoned M-1.

                                                                                                                                                            3,830 SF of office space. Situated on 6.77 acres. 3 docks w/levelers. 4 overhead doors. 18' -
    2515 Lombardy Drive                   Goshen         30,800 SF          $2.65   NNN           -              17074896     Ross Miller, SIOR
                                                                                                                                                            24' ceiling heights. City water & sewer. Zoned M-1.




                                                                                                            7
Industrial Inventory                                                                                                                                                                                                          November 2012


             Property Name                           Space             Lease       Lease      Sale                Loopnet
                                     City                                                                                                 Broker(s)                                                      Notes
            Property Address                        Available          Rate        Type       Price                 ID

    18520 US 20                     Goshen           19,100 SF            -          -     $900,000.00            16661954       Bill Kuhns, SIOR             PENDING!
                                                                                                                L: 17033203                                   Pre-engineered steel. 3-phase power. 2.05 acres. Metal halide & fluorescent lighting, gas
    2117 Wilden Avenue              Goshen           18,820 SF          $2.50      NNN     $475,000.00                           Pete Letherman, SIOR, CCIM
                                                                                                                S: 17033200                                   radiant heat. 2 overhead doors. Eave height of 14'-16'. Air compressor & dust collector.

                                                                                                                                                              Sublease available in this 610,000 facility. Food grade; excellent condition. ESFR sprinkler
    1900 Whirlpool Drive            LaPorte         100,809 SF          $2.50      NNN           -                17590939       Ross Miller, SIOR
                                                                                                                                                              system. 2000 amp electric service. Space has 8 docks w/levelers. Zoned M-1.

                                                                                                                                                              Former Pilgrim International Building. Space has ceiling heights to 22'. Paved & fenced
    109 14th Street               Middlebury         54,700 SF          $3.00       MG           -                15974678       Pete Letherman, SIOR, CCIM
                                                                                                                                                              parking area. 35 overhead doors. Zoned manufacturing.
                                                                                                                                                              Price Reduced! 1921 features 6,608 SF w/800 SF of office. 1927 features 8,128 SF w/608
    1921 & 1927 N. Cedar Street   Mishawaka          14,736 SF            -          -     $368,400.00            17064934       Brent Miller, SIOR           SF of office. Offices rennovated in 2009. 1 rest room & 2 overhead doors. 480 volt, 400
                                                                                                                                                              amp power.
                                                                                                                                 Ross Miller, SIOR
    31140 Edison Road             New Carlisle       49,500 SF            -          -     $1,250,000.00          17161250                                    Former Scott Brass building. 49,500 SF situated on 37.61 acres, 32'10" ceilings heights.
                                                                                                                                 Brent Miller, SIOR

    Niles Distribution Center                    Space A: 58,930 SF                                                              Carl Tiedemann, SIOR         Multi-tenant warehouse/distribution center on 107 acres. 32'4" ceilings, 55'x35' column
                                     Niles                            Negotiable   NNN           -                16371738
    2121 Chicago Road                            Space B: 34,640 SF                                                              Ross Miller, SIOR            spacing. Multiple docks. Zoned manufacturing.

                                                                                                                L: 17409385                                   Heavy power, high ceilings, rail served. Situated on 36 acres. Fenced property with security
    901 Wayne Street                 Niles         up to 761,710      From $1.00   NNN     $2,900,000.00                         Ross Miller, SIOR
                                                                                                                S: 17409379                                   station & central camera system in place. 41,900 SF office space. 14 docks. Zoned I-2.

                                                                                                                                                              PRICE REDUCED! 4,086 SF office space. 0.62 acres. 2 grade-level overhead doors. City
    1319 N. Iowa Street           South Bend         8,680 SF             -          -     $265,000.00            17228679       Pete Letherman, SIOR, CCIM
                                                                                                                                                              water & sewer. Located minutes from South Bend Regional Airport.

                                                                                                                                                              5,055 SF building w/600 SF of office space. Situated on 18.75 acres. Great location on US
    25115 US 20 West              South Bend         5,055 SF             -          -     $135,000.00            17893661       Richard Hobson
                                                                                                                                                              20 within one half mile of US 31. Close to the Indiana Toll Road (I-80/90). Zoned M-1.

    Utilimaster Complex                                                                                                          Brent Miller, SIOR           Manufacturing complex consisting of 14 buildings. Situated on 95.2 acres. Buildings range
                                   Wakarusa         540,500 SF            -          -     $6,900,000.00          17660785
    65906 SR 19                                                                                                                  Carl Tiedemann, SIOR         from 10,590 SF to 90,270 SF. 14' to 24' ceilings. City water & sewer. Zoned M-2.

                                                                                                                  17788593                                    Former RV manufacturing complex consisting of 11 buildings. Can be separated into two
    501 S. Miller Drive           White Pigeon      195,418 SF            -          -     $1,200,000.00       North: 17788949   Ross Miller, SIOR            packages: north (4 buildings - 74,934 SF) for $650,000 and south (7 buildings - 120,484
                                                                                                               South: 17788976                                SF) for $725,000. Situated on total of 32.7 acres.




                                                                                                           8
Land Inventory                                                                                                                                                                                                                 November 2012


                 Property Name                                       Sale           Loopnet
                                     City     Acreage   Zoning                                          Broker(s)                                                                           Notes
                Property Address                                     Price            ID

                                                                                                                            721 feet of frontage on SR 15. Access easement from CR 10. Easy access to Indiana Toll Road & US 20 Bypass. Ideal site for
 SR 15 & CR 10                      Bristol    25.75     A-1       $299,900         14697577   Pete Letherman, SIOR, CCIM
                                                                                                                            residential development.

                                                         Gen.
 Pokagon Street                    Dowagiac    2.00                 $89,900         15604434   Pete Letherman, SIOR, CCIM   Great commercial site.
                                                         Bus.

 Lot #5 Airport Parkway             Elkhart    2.90      M-1        $65,000         16664163   Ross Miller, SIOR            Located near Elkhart Airport. Well & septic.

                                                         PUD                                                                Located at the SE corner of Beardsley & Greenleaf. Ideal for office on Beardsley Ave. or upscale apts. on Greenleaf Blvd. City
 Beardsley & Greenleaf              Elkhart    10.00               $750,000         15944442   John Letherman, CCIM
                                                         R-3                                                                water & sewer.

                                                         R-2
 1000 Block East Beardsley          Elkhart    1.37
                                                         R-3
                                                                                               John Letherman, CCIM         SOLD!
 Roselawn
                                    Elkhart    1.14      B-1       $149,000         16186240   Richard Hobson               Two parcels together. Frontage on Bristol & Adams Street. Gas & electric are available. City water & sewer.
 Bristol & Adams Street

 1536 Bristol Street                Elkhart    0.77      R-1       $189,000         16419991   Brent Miller, SIOR           Corner lot surrounded by commercial use. 170' of frontage on Bristol St. City utilities.


 1609 W. Bristol Street             Elkhart    0.69      B-2       $160,000         17062383   Richard Hobson               2009/2010 Taxes: $2,260.35. Also available for lease at rate of $1,500 per month.

                                                                                                                            Property has frontage on five-lane Cassopolis Street/SR 19, as well as on Johnson Street/CR 9. City water & sewer. Stop light
 Cassopolis & Johnson Street        Elkhart    10.00     B-3      $1,500,000        15314060   Ross Miller, SIOR
                                                                                                                            is proposed at the property & SR 19.

                                                                                                                            PRICE REDUCED! Located on SR 19 just 1/2 mile south of the Toll Road interchange in the heart of Elkhart's retail-hotel-
 2000-2218 Cassopolis Street        Elkhart    8.34      C1-1      $750,000         3252199    John Letherman, CCIM
                                                                                                                            restaurant main highway. All utilities.

 2400 Cassopolis Street             Elkhart    3.86      B-3       $630,000         13998810   Ross Miller, SIOR            Located on SR 19, a short distance from the Indiana Toll Road. Property is fenced & has city water & sewer.

                                                                                                                            Excellent redevelopment opportunity! 3.02 acres. Frontage on busy Cassopolis St./SR 19. Located close to hotels, restaurants
 3500 Cassopolis Street             Elkhart      3       PUD       $725,000         17490802   Richard Hobson
                                                                                                                            & shopping. City utilities. Taxes: $13,227 estimated ('10 payable '11). Zoned PUD.

                                                                                                                            Prime location just north of busy Old US 20. In close proximity to many retail establishments. Possible rail. Municipal utilities.
 Corwin Street Land                 Elkhart    18.74     M-2       $417,000         17702719   Richard Hobson
                                                                                                                            Estimated taxes: $8,764.82 (2011 payable 2012). Zoned M-2.

 CR 6 & Emerson Drive               Elkhart    0.96      B-1       $199,500          197805    John Letherman, CCIM         Great location on CR 6, west of Cassopolis Street. Across from Wal-Mart Supercenter at signalized corner.

                                                         B-3                                   Ross Miller, SIOR            Excellent opportunity for development. Great site for potential gas station with pumps positioned in rear of site. Sewer line is
 SWC of CR 6 & CR 10                Elkhart    18.42             Call for pricing   17503674
                                                        GPUD                                   Richard Hobson               at corner of site. Flexible owner would consider sale, lease or build to suit. Zoned B-3 GPUD.

                                                                                               Brent Miller, SIOR           Three buildings on property: 790 SF residence, 25' x 85' storage building & 2,684 SF operating restaurant currently on a
 30178 CR 12                        Elkhart    2.98      M-2       $185,000         15140806
                                                                                               Ross Miller, SIOR            month-to-month basis at $500 a month.
                                                                                                                            2,040 SF pole building on property has paint booth, 10' ceilings & monitored alarm system. 1,403 SF house on property could
                                                                                               Brent Miller, SIOR
 30266 CR 12                        Elkhart     8.83     M-2       $350,000         15140799                                be sued as office or retail. Underground sprinklers behind residence. 2 storage sheds on property. Rear of property is vacant
                                                                                               Ross Miller, SIOR
                                                                                                                            (5.98 acres). Rail access available at rear of property, no spur.
                                                                                                                            Excellent opportunity for retail or office development. 2 curb cuts. High traffic counts. All utilities available to site. 2 miles
 CR 17, Lot 2                       Elkhart     1.09    B-PUD      $349,000         17163929   Ross Miller, SIOR
                                                                                                                            south of the 80/90 Toll Road & 2 miles north of the US 20 Bypass. Flexible owner would consider build to suit.

 CR 17 & US 20 Bypass               Elkhart    47.00     GPUD     $2,350,000        4050262    John Letherman, CCIM         Great development site in high-traffic location along the busy CR 17 corridor. Located at US 20/CR 17 exit.


 CR 20 & CR 3                       Elkhart     2.80     M-1       $117,600         15578493   Brent Miller, SIOR           Located at the NW corner of CR 20 & CR 3 at signaled intersection. City water & sewer at site.


 CR 20 & CR 3                       Elkhart    17.70     A-1       $354,000         15380269   Bill Kuhns, SIOR             Re-zoning is a possibility. Sewer & water at corner.

 Concord Mall Outlot
                                    Elkhart    1.60      PUD       $150,000         15642450   John Letherman, CCIM         Located at the NW corner of CR 20 & Concord Mall Drive. Highly visible outlot. Many commercial/retail possibilities.
 CR 20 & Concord Mall Drive

 28883 CR 20                        Elkhart     3.00     M-1        $95,000         16233292   Ross Miller, SIOR            Located in Nagy Industrial Park. City water.


 23830 CR 106                       Elkhart     2.75     R-4       $159,500         17782181   Richard Hobson               2.75 acres of development land. Great location near retail & restaurants on the north side of Elkhart. Zoned R-4.




                                                                                                       9
Land Inventory                                                                                                                                                                                                                                      November 2012


                Property Name                                                    Sale               Loopnet
                                           City      Acreage        Zoning                                                  Broker(s)                                                                           Notes
               Property Address                                                  Price                ID

 Country Club Drive & Cassopolis Street   Elkhart       2.81         R-2        $86,000              14277452      Ross Miller, SIOR            Located near Christiana Creek Country Club. Development potential w/frontage on three streets.

                                                                     PUD                                                                        Great development potential! Located on Emerson Drive by Walmart. Possibility of additional acreage. Zoned PUD & R-1. City
 Emerson Drive                            Elkhart      18.83                   $595,000              17647507      John Letherman, CCIM
                                                                     R-1                                                                        water & sewer.

 1215 E. Indiana Avenue                   Elkhart       0.53         R-2       $350,000              17700853      Pete Letherman, SIOR, CCIM   Great development potential on commercial corner. High traffic location. Zoned R-2.

                                                                                                                                                2 parcels totaling 0.89 acres. 0.71 acres on the corner of S. Main St. & McDonald St. 0.18 acres across the street that could
 1314 S. Main Street                      Elkhart       0.89         B-3        $25,000              17837247      Brent Miller, SIOR
                                                                                                                                                be used for parking. Good frontage. City water & sewer. Taxes: $735.00. Zoned B-3.

 1328 S. Main Street                      Elkhart       0.48         M-1        $70,000              14024814      Ross Miller, SIOR            Located close to the Indiana Avenue underpass in high visibility location. City water & sewer.


 2030 S. Main Street                      Elkhart       1.78         M-2       $650,000              15815827      Brent Miller, SIOR           City water & sewer. Frontage on both Main Street & Lusher Avenue.

                                                                                                                   Bill Kuhns, SIOR             Two parcels totaling 1.94 acres. Located just west of new CR 17, close to the US 20 Bypass. Close to retail, restaurants and
 5100 & 5130 Middlebury Street            Elkhart       1.94          R         $80,000              17800137
                                                                                                                   Richard Hobson               industrial parks. Taxes: $554. Zoned R.
                                                                                                                                                Restricted Industrial Park w/ pond, creek & trees. Phase II is completed. Located on Middleton Run Road in the area between
 Maywell Industrial Park
                                          Elkhart      26.94         M-1     Call for pricing        13747645      Ross Miller, SIOR            SR 120 & CR 14. Quick access to all industrial areas & US 20 Bypass. Lot 2: 6.81 acres; Lot 3: 5.95 acres; Lot 4: 5.21 acres;
 Middleton Run Road
                                                                                                                                                Lot 5: 5.32 acres; Lot 8: 3.65 acres.

 Middleton Run Road                       Elkhart       6.81         M-1       $265,000              13861530      Ross Miller, SIOR            Located in Maywell Industrial Park. City water & sewer.


 815 & 901 Mishawaka Road                 Elkhart      31.00         R-3       $630,000              13984155      Ross Miller, SIOR            Multi-family development site. Land has city water at site w/sewer nearby.


 28050 Mishawaka Road                     Elkhart       0.45                   $145,000              17549565      Pete Letherman, SIOR, CCIM   98 feet of frontage on Mishawaka Road. High traffic site. Located near State Road 19.

                                                                                                                                                Building pad located in Northpoint Plaza at SR 19 & I 80/90 interchange. Gas, electric, phone, sewer & water in North Pointe
 North Point Plaza, Pad B                 Elkhart       2.86         B-3       $160,000                  -         John Letherman, CCIM
                                                                                                                                                Boulevard & in the parking lot.

                                                                                                                                                PRICE REDUCED! 0.59 acres of commercial land located just south of Main Street. Excellent redevelopment opportunity. 720
 2316 Primrose Avenue                     Elkhart       0.59         M-1        $14,900              17205321      Richard Hobson
                                                                                                                                                SF house currently on property. City water & sewer.
                                                                                                                                                Reagan Court is part of a 1,400 acre master-planned mixed-use development conveniently located adjacent to an interchange
                                                                                                15090943, 15871601
                                                                                                                                                of the Indiana Toll Road. Located in the expanding northeast quadrant of Elkhart County w/excellent exposure from CR 17.
 Reagan Court                             Elkhart      13.15         PUD     Call for pricing   16640628, 15871669 Pete Letherman, SIOR, CCIM
                                                                                                                                                Verizon Smartpark offers fiber-optic connectivity throughout the development. Lot 1: 2.56 acres; Lot 2: 1.97 acres; Lot 3:
                                                                                                16640628, 15090915
                                                                                                                                                1.93 acres; Lot 4: 2.77 acres; Lot 5: 1.90 acres; Lot 7: 2.02 acres.
                                                                     B-2
 51530 SR 19                              Elkhart       2.22                   $395,000             17724481       John Letherman, CCIM         2.22 acres in high visibility location with high traffic counts. City utilities. Zoned B-2 & B-3.
                                                                     B-3

 SR 19 & CR 24                            Elkhart       2.41         B-3       For Lease             17074877      Ross Miller, SIOR            Available for land lease or build to suit. City water & sewer at street. Lease rate of $4,500 per month.

                                                                     B-3                                                                        Located at the intersection of the US 20 Bypass & SR 19. Signalized corner. Great development potential. Excellent visibility
 SR 19 & CR 26                            Elkhart      78.00                  $2,500,000             17562531      John Letherman, CCIM
                                                                    GPUD                                                                        from US 20 Bypass & SR 19.

 South Gate Hills II                                                                                                                            Water taps installed from center line of SR 19 to edge of each lot. Access points and internal traffic patterns reflect existing
                                          Elkhart      12.00         B-3       $695,000                  -         John Letherman, CCIM
 SE Corner of SR 19 & CR 24                                                                                                                     GPUD. Grading plan for entire site is in process.

                                                    A: 1.3 Acres    A: R-1    A: $200,000                                                       Parcel A is appoximately 1.3 acres with St. Joe River frontage. Parcel B is approximately 1.49 and includes a house.
 21835 SR 120                             Elkhart                                                    17647506      John Letherman, CCIM
                                                    B: 1.49 Acres   B: B-1    B: $340,000                                                       Development potential.
                                                                     B-3
 Flagstix                                                                                                                                       PRICE REDUCED! Former golf center w/ driving range, miniature golf course & batting cages. 4,000 SF building on property
                                          Elkhart      20.00         R-3       $699,000              16216488      Richard Hobson
 2311 Old US 20                                                                                                                                 has a proshop & restaurant space.
                                                                     M-1
 Shady Acres
                                          Elkhart       3.40         B-2       $199,500              4046263       John Letherman, CCIM         PRICE REDUCED! 100' frontage w/city sewer & water. Good retail or office development location.
 23946 US 20 East

                                                                                                                                                Sale Price Reduced! City water & sewer connection is at the intersection of CR 13 & S. Main Street. State is putting in storm
 23513 US 33                              Elkhart       2.10         B-3       $250,000              17074905      Ross Miller, SIOR
                                                                                                                                                sewers on US 33. 270' of frontage on US 33. 2,400 SF building on property.

                                                                     PUD
 Waterbury Park                           Elkhart       1.90                 Call for pricing        13818037      Bill Kuhns, SIOR             Professional park located 1/4 mile north of Mishawaka Road.
                                                                     B-1




                                                                                                                           10
Land Inventory                                                                                                                                                                                                                 November 2012


                 Property Name                                           Sale           Loopnet
                                     City       Acreage   Zoning                                            Broker(s)                                                                         Notes
                Property Address                                         Price            ID
                                                                                                                                Located on the south side of Goshen at the SW corner of Dierdorff Road (CR 27) & County Road 38. Prime land for industrial
 CR 27 & Dierdorff Road             Goshen       26.88      Ag        $1,260,672        16816242   Pete Letherman, SIOR, CCIM
                                                                                                                                development.

 Lincolnway East & US 33            Goshen        2.42      M-1        $350,000         16353211   Pete Letherman, SIOR, CCIM   Located in front of the Super 8 motel. Great visibility on busy US 33.


 919 Plymouth Avenue                Goshen        0.70                 $395,000         14803650   Pete Letherman, SIOR, CCIM   Located at the northeast corner of Plymouth Avenue & Indiana Avenue.


 1838 US Highway 20                 LaPorte       3.33      B-2        $595,000         17642640   Pete Letherman, SIOR, CCIM   Located at the intersection of US Highway 20 & SR 39. Excellent corner with high visibility. Zoned B-2.


 CR 2                              Middlebury    74.60      A-1        $750,000         14044565   Richard Hobson               Located 1/2 mile from the Indiana Toll Road w/excellent visibility. Gas pipeline running through site.


 CR 2 & Eagley Road                Middlebury    150.00     M-2       $3,000,000        6878978    John Letherman, CCIM         5-25 acre sites available. $20,000.00 per acre. Excellent site for large distribution/warehouse.

                                                                                                   Ross Miller, SIOR
 CR 4 & Lovejoy Drive              Middlebury    15.00      M-2        $297,400         17520286                                Land available adjacent to two former IBS buildings.
                                                                                                   Brent Miller, SIOR

 SR 13 & Toll Road                 Middlebury    14.29      M-2        $403,263         13652588   John Letherman, CCIM         PENDING!
 SR 13 & Toll Road                 Middlebury     7.20      A-1        $112,500            -       John Letherman, CCIM         Located at the southeast corner of SR 13 & the Toll Road.

                                                                                                                                Located at the SE corner of US 20 & SR 13. Four lots, all are shovel ready. Ideal sites for restaurants, boutiques or medical.
 US 20 & SR 13                     Middlebury     4.26      B-3        $600,000         3252706    John Letherman, CCIM
                                                                                                                                Mixed use development.

                                                                                                                                40 acres; will divide to 2 parcels of 20 acres each. Located on Elm Road, south of the US 20 Bypass. Water & sewer in general
 60007 Elm Road                    Mishawaka     40.00               $45,0000/acre      17742841   Bill Kuhns, SIOR
                                                                                                                                area. Great commercial potential. Close to Saint Joseph Regional Medical Center Elm Road campus.

                                                           Gen.
 2622 S. 11th Street                 Niles        1.90                 $195,000         14723649   Pete Letherman, SIOR, CCIM   High profile, high traffic location. Currently, two small houses, a shed & small building are located on property.
                                                           Bus.

 SR 13 & US 6                      Syracuse      60.00      M-2      Call for pricing   15513779   Bill Kuhns, SIOR             Excellent location at the SE corner US 6 & SR 13. Sewer & water plans under-study.

                                                                                                   Bill Kuhns, SIOR             Multiple lots for sale. Will divide. GPUD B-1, B-2, B-3, R-1 & R-2 Zoning. Separate lot pricing varies. Located across from the
 65597 SR 19                       Wakarusa      36.12    Multiple    $2,000,000        17693040
                                                                                                   Richard Hobson               Utilimaster Complex in Wakarusa with State Road 19 frontage.




                                                                                                           11
Investment Inventory                                                                                                                                                                                                  November 2012


             Property Name                        Building                      Sale           Loopnet
                                       City                       Acreage                                            Broker(s)                                                            Notes
            Property Address                         SF                         Price            ID

                                                  11,712 SF
   754 CR 3                           Elkhart                       0.99      $110,000            -       Bill Kuhns, SIOR             Both buildings leased. Mostly clear span bay spacing. Taxes: $3,734 ('10 payable '11). Zoned M-1.
                                                (two buildings)

   Battler Buildings                              66,647 SF                                                                            Price Reduced! Well maintained in industrial setting. Has fenced lot & two crane rails. Two buildings with a
                                      Elkhart                       7.40      $995,000            -       Bill Kuhns, SIOR
   57974 & 57976 CR 3                           (two buildings)                                                                        total of 21 overhead doors.

                                                                                                                                       Great investment opportunity. Features 5 units. Each has dock & OH door. Building in excellent condition.
   53042 Faith Avenue                 Elkhart      33,000           2.80      $795,000         17781531   Bill Kuhns, SIOR
                                                                                                                                       Taxes: $21,788. Zoned M-1.


   1701 W. Franklin Street            Elkhart      6,250 SF          -        $185,000         15942089   Bill Kuhns, SIOR             Good property built in 1989. Has 390 SF of office space. 2 overhead doors & 1 dock.


   Keggereis Building
                                      Elkhart      8,750 SF          -        $210,000         15942110   Bill Kuhns, SIOR             Features 2 overhead doors, 1 dock, 25'x35' bay spacing, 16' eaves & sufficient power. Taxes $5,837.28.
   1705 W. Franklin Street


   West Hively Avenue Investment      Elkhart    205,800 SF        13.70    Call for Pricing   15963090   Pete Letherman, SIOR, CCIM   Currently leased by Patrick Industries, Inc.


                                                                                                                                       Garden style apartment complex overlooking the St. Joseph River. Consists of 32 apartments in 8 buildings.
   636 Moody Avenue                   Elkhart     27,460 SF         2.04      $798,000         17818522   Ross Miller, SIOR
                                                                                                                                       Situated on 2.04 acres. Financials available upon submission of Confidentiality Agreement.


   Nagy Drive Industrial Investment   Elkhart    194,520 SF        25.00    Call for Pricing   15967921   Pete Letherman, SIOR, CCIM   Currently leased by Patrick Industries, Inc.


                                                                                                          John Letherman, CCIM         34,400 SF multi-tenant warehouse space. Ideal for light manufacturing. 3 buildings with 13 units ranging
   2418-2422 Dierdorf Road            Goshen        34,400          3.01      $995,000         17875881
                                                                                                          Pete Letherman, SIOR, CCIM   from 1,000 - 6,000 SF each. 3 vacancies. Excellent location, great visibility. Zoned M-1.

   Niles Distribution Center                                                                              Carl Tiedemann, SIOR         Renovated in 2004. Features 84 docks, 6 overhead doors, 32'4" clear ceiling heights, 35'x55' column
                                       Niles     614,405 SF        106.94   Call for Pricing      -
   2121 Chicago Road                                                                                      Ross Miller, SIOR            spacing. Building is 100% sprinkled. 85% leased to quality tenants.




                                                                                                          12

				
DOCUMENT INFO
Description: INVENTORY OF PROPERTY LISTINGS NOVEMBER 2012 - FM Stone Commercial.