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    3404 Boland Dr South Bend, IN 46628

    Sponsored
    For Sale
    $275,000

    Traditional Office, 2,250 SF, 1.53 Acres

    Property size:
    2,250 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,250 square foot traditional office building, situated on a generous 1.53-acre lot, presents a compelling investment opportunity in South Bend, Indiana. Priced at $275,000 ($122.22/sq ft), the property boasts a desirable location within the Boland/Kenmore Drive industrial park, offering convenient access to numerous small businesses and the nearby Meijer shopping center. Built in 1979, the Class B building is zoned for Light Industrial use, providing flexibility for future development or expansion. The current configuration includes a spacious lobby, a teller line, three private offices, a break room, and a restroom – ideal for a variety of professional uses. A significant advantage is the existing one-lane drive-thru lane located behind the building, adding to its operational versatility. The ample acreage provides substantial potential for future expansion or redevelopment. This property is strategically located off Bendix Drive in South Bend's Northwest side, within the Airport Industrial Park – Blackthorn Development area, ensuring excellent visibility and accessibility. This is a rare opportunity to acquire a well-positioned office building with significant growth potential in a thriving commercial area. The property's size and zoning offer a unique blend of immediate usability and long-term development prospects.

    Property Features for 3404 Boland Dr

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    2,250 SF
    Class
    B
    Lot Size
    66,647 SF

    Building Details

    Year Built
    1979

    HighLights

    • 2,250 SF office building on a 1.53‑acre lot in South Bend, IN.
    • $275,000 purchase price ($122.22/SF).
    • Located in the Boland/Kenmore Drive industrial park, near Meijer.
    • 1979‑built Class B building, Light Industrial zoning.
    • Features a lobby, teller line, three private offices, break room, restroom, and a drive‑thru lane.
    • Ample land for future expansion.
    Property Profile Location Intelligence

    Current Use by Public Records

    Imeco Federal Credit ... Federal Credit Union

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    South Bend
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.2971593
    Latitude
    41.7152175

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    FAQs

    What type of property is this?
    Office Property / Space - Traditional Office, 2,250 SF, 1.53 Acres
    Where is this office property / space located?
    The property is located at 3404 Boland Dr South Bend, IN.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: 2,250 SF office building on a 1.53-acre lot in South Bend, IN.; $275,000 purchase price ($122.22/SF).; Located in the Boland/Kenmore Drive industrial park, near Meijer.
    (574) 485-1520
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    3404 Boland Dr South Bend, IN 46628
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3404 Boland Dr South Bend, IN 46628
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