411 E Ireland Road, South Bend, IN 46614
411 E Ireland Road, South Bend, IN 46614
411 E Ireland Road, South Bend, IN 46614
10
$795,000
$799,000
0.5%
Est.Price: ?

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0.91 Acres Lot

411 E Ireland Road South Bend, IN 46614

Est. payment /mo
SOLD DATE : 11/09/2023

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Timothy Vicsik

Timothy Vicsik

+1(574) 329-9587

Our team is ready to help you sell your home for the highest possible price ASAP

Key Details

Sold Price $795,000

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 202334926

Year Built 2003

Annual Tax Amount $13,649

Lot Size 0.910 Acres

Property Sub-Type Office

Property Description

Remarkable 4-unit commercial building built 2003 with 6,098 +/- interior rentable square footage on 0.91acres +/-. Three units are currently leased with Suite 100 vacant. Could easily be leased by buyer. Site is on City water and sewer, with electric separately metered. Private parking, suite signage and monument sign on Ireland Road. Rents are adjusted annually via Consumer Price Index (CPI), per lease. 2022 CAP Rate was 9.94% which included a 12% average Property Management Fee. Estimated 2023 CAP rate (with 1 vacancy) is projected at 7.53%.

Location

State IN

County St. Joseph County

Area St. Joseph County

Zoning C Commercial

Interior

Flooring Carpet, Vinyl

Exterior

Fence None

Roof Type Shingle

Building

Story 1

New Construction No

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Indiana Regional MLS (IRMLS)

IDX information provided by the Indiana Regional MLS

Listed by Sandy Hagen • Rez-Com Properties, LLC
Bought with Matthew Creviston • Re/Max County Wide 1st

NEARBY SCHOOLS & BUSINESSES

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Timothy Vicsik

Timothy Vicsik

Broker Associate | RB14051798

+1(574) 329-9587

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