Flex Space with Separate
New
For Sale
$100,000
2210 Ford St, South Bend, IN 46619
A second parcel across Ford Street includes a small garage for additional storage.
Property Size1,152 SF
Price / SF$86.81
Days on Market5
Property Features for 2210 Ford St
General Information
Standard status
Active
Size
1,152 SF
Zoning
Urban Neighborhood Flex
Site & Location
Neighborhood
Westside
Building Details
Year Built
1922
Listing Agency:
Cressy & Everett - South Bend
Listed By:
Matt Curry
(574) 303-9748
Source:
Spencerchildersgroup
Added: Oct 20
Changed: Oct 23
Last Checked: Aug 25 at 5:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Cressy & Everett - South Bend
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Investment Insights
Based on property information with market context.
Built in 1922, this flex property has an open workspace, a bathroom, and a garage. Its Urban Neighborhood Flex zoning is part of the property’s stated configuration.
A separate lot across Ford Street is included and contains a small garage, providing additional storage space.
A separate lot across Ford Street is included and contains a small garage, providing additional storage space.
Key Highlights
- Open workspace with a bathroom and garage
- Included lot across Ford Street has a small garage
- Built in 1922
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,830
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$156,600
$156.6K
Cap Rate 7%
$111,857
$111.9K
Cap Rate 9%
$87,000
$87.0K
Market Conditions
NOI Build-Up for 1,152 SF
Gross rent
$11.8K $10.20/SF
− Vacancy
−$564 −$0.49/SF
EGI
$11.2K $9.71/SF
− OpEx
−$3.4K −$2.91/SF
NOI
$7.8K $6.80/SF
Area
South Bend, IN
Vacancy
4.80%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$156,600
Cap Rate 7%
$111,857
Cap Rate 9%
$87,000
Alternative Uses
Best Use
Flex RnD
$132.6K
$116.0K – $154.7K
NOI $9,281 @ 7.0% cap · market cap 9.28%
Second Best
Industrial
$111.9K
$97.9K – $130.5K
NOI $7,830 @ 7.0% cap · market cap 7.83%
Theoretical Best
Office A
$291.4K
$255.0K – $340.0K
NOI $20,401 @ 7.0% cap · market cap 20.40%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
365
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 46619, IN
20,527
Population
8,823
Households
2.3
Avg Household Size
36
Median Age
14%
College-Educated
80%
High-School Grad
23.5 sq mi
ZIP Area
873
Density / Sq Mi
$46,679
Median Household Income
$31,948
Median Earnings
$944
Median Rent
$98,400
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - A second parcel across Ford Street includes a small garage for additional storage.
Where is this flex space located?
The property is located at 2210 Ford St South Bend, IN.
What is the asking price?
The asking price for this property is $100,000.
What are key features of this property?
This property features: Open workspace with a bathroom and garage; Included lot across Ford Street has a small garage; Built in 1922
