2014 and 2016 Edison, South Bend, IN 46617

Overview

MLS ID: #202121859
Price: $ 869,000
Sq Ft: 3,840
Office SqFt: 3,840
Lot Size: 0.66 Acres
Year Built: 1948
Zoning:
Taxes: $ 3,963
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PRIME LOCATION!!! Just 3/4 of a mile from the University of Notre Dame campus, this property is a fantastic opportunity for an investment or redevelopment within walking distance of the campus. Current tenant Mandarin House has been in operation for over 25 years with a lease in place until end of January 2025 at $4,300/month Modified Gross. Property is centrally located in between downtown South Bend and the Main St./Grape Rd. Shopping District in Mishawaka, both less than 3 miles away. The 3,840 SF building sits on .44 acres with a .22 acre vacant lot also included in the sale that could be used for additional parking for .66 acres total. Plenty of room for an outside patio area to be built to coincide with the restaurant to meet today’s demands. The property is in between the intersections of SR 23 and Edison Rd. (nearly 47,000 cars daily) and the intersection of N Ironwood Dr. and Edison Rd. (nearly 31,000 cars daily). Traffic count in front of the property is nearly 26,000 cars daily. Zoned NC: Neighborhood Center. Taxes: $3,963 Tax Year: 2019

MLS ID: 202121859

Details

Planned Unit Dev No
Auction No
New Construction No
Number of Buildings 1
Building 1
Bldg 1 Above Ground SF 3,840
Bldg 1 Below Ground SF 0
Bldg 1 Stories 1
Bldg 1 Finished Office SF 0
Lot Dimensions 196x148
Approx Lot Size SqFt 28,750
Approx Lot Size Acres 1
Ceiling Height 10
Road Access City
Parking Yes
Parking Lot
Parking Type Lot
Total Restrooms 2
Interior Height 10
Column Spacing 6
Ingress/Egress Asphalt
Water Front No
Currently Leased Yes
Lease Term Remaining 1/31/2025
Sprinkler System No
Signs Yes
Sign Type Street Sign Pole
Fire Doors Yes
Enterprise Zone No
Sale Includes: Building, Land
Heating/Fuel Gas
Cooling Central Air
Exterior Block
Roof Material Shingle
Interior Walls Drywall
Flooring Carpet, Tile
Water Utility City
Sewer City
Special Features None
Annual Taxes $3,963.00

Listing Office: Coldwell Banker Real Estate Group

Listing Agent: John Piraccini

Disclaimer:

Property information is provided by the Indiana Regional MLS. The IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the IRMLS. Featured Properties may have updated information provided by Myers Trust.
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