Technical
Financial
Distress signals
Property profile

315 Ireland Rd South Bend, IN 46614

OFF-MARKET
Strip malls
Property ID
US31-1841719
11,180 SF 1.39 ac lot Built 2008
Entity Owned 8-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This 11,120-square-foot retail strip center, built in 2007, is situated on a 1.52-acre lot at the highly visible intersection of Ireland Road and Lafayette Boulevard in South Bend, Indiana. The property boasts a prime location within a thriving retail corridor, directly across from major retailers such as Walmart, Lowe's, and Gates Toyota. Currently, 82% occupied, the center offers 1,495 square feet of available space. Existing tenants include Edward Jones, Jersey Mike's Subs, MyEyeDr., and Macri's Italian Kitchen, demonstrating a strong tenant mix. The property's strategic placement at a signalized intersection ensures high visibility and accessibility for potential customers. This presents a unique opportunity for investors seeking a well-located, partially vacant retail property in a high-demand area of South Bend. The property's size and location make it ideal for a variety of retail uses, offering significant potential for growth and return on investment. The address is 315 W Ireland Rd, South Bend, IN 46614.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 2008
Construction TYPE NOT SPECIFIED
Total area 11,180 SF
Lot 1.39 ac (60,631 SF)
APN 71-08-26-200-016.000-002
UPID US31-1841719

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering Catering Service
  • Eye Care Center Contact Lenses Supplier
  • Physician
  • Physician
  • Mobile Phone Store Electronics & Wireless Store

Location

315 Ireland Rd South Bend, IN 46614-3845
South Bend metro Census 3400 SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$455k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$455k

Owner & transaction history

since 2017
5 recorded transactions
2017
Price N/A
2014
Price N/A
2014
Price N/A
2007
Price N/A
2007
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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