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1201-1215 S Michigan St South Bend, IN 46601

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For Sale
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Single-tenant property with long-term lease and annual rental escalations.

Property size:
5,934 SF

Property Features for 1201-1215 S Michigan St

General Information

Standard status
Active
Size
5,934 SF

Building Details

Year built
2007

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Listing Contact
Brett Mcdermott, Ccim
Brett Mcdermott, Ccim
Source: Crexi

Listing Agency: Latitude Commercial Listing Agent: Brett Mcdermott, Ccim

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Net Leased Investment Opportunity

This single-tenant net leased investment is occupied by Help at Home, LLC, a provider of home healthcare services. The property is located along S. Michigan Street in South Bend, Indiana, offering visibility and accessibility within a commercial corridor. The tenant operates under a long-term lease with an initial 8-year term (96 months) and three additional 3-year renewal options. The lease features 2% annual rental escalations. Structured as a Triple Net (NNN) lease, the tenant is responsible for real estate taxes, insurance, common area maintenance (CAM), utilities, and interior maintenance and repairs. Landlord responsibilities are limited to structural components, including the roof, foundation, and load-bearing structural elements. South Bend is a city in St. Joseph County, Indiana, and its county seat. It lies along the St. Joseph River near its southernmost bend. It is the fourth-most populous city in Indiana with a population of 103,453 at the 2020 census. Located directly south of Indiana's northern border with Michigan, South Bend anchors the broader Michiana region. Its metropolitan area had a population of 324,501 in 2020, while its combined statistical area had 812,199 residents. The property size is 5934 square feet.
Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
South Bend
County
St. Joseph
State
Indiana
Longitude
-86.250506
Latitude
41.661506

FAQs

What type of property is this?
Retail space - Single-tenant property with long-term lease and annual rental escalations.
Where is this retail space located?
The property is located at 1201-1215 S Michigan St South Bend, IN.
What are key features of this property?
This property features: - Long-term lease with Help at Home, LLC, providing income stability.; - Triple Net (NNN) lease structure minimizes landlord responsibilities.; - 2% annual rental escalations offer built-in NOI growth.
More about this property
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