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    1924 Edison Rd South Bend, IN 46617

    Sponsored
    For Sale
    $1,430,000

    Three buildings, high visibility, great location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity in South Bend, Indiana, comprises three properties totaling 0.76 acres on Edison Road, a major thoroughfare between South Bend and Mishawaka, boasting visibility to over 17,000 vehicles daily. The portfolio includes a 5,962 square foot medical office building (currently dental) at 1918 Edison Road, renovated in 2014, featuring eight operatories, labs, ample parking, and multiple offices. This building is available for lease at $21.00 PSF NNN. Two additional residential properties, located at 1912 and 1924 Edison Road, are included. The 1,214 square foot home at 1912 Edison Road is a three-bedroom, two-bathroom single-family residence with a carport and decks, currently rented. The 1,038 square foot home at 1924 Edison Road offers two bedrooms, one bathroom, an attached garage, and is also currently rented. All three properties are zoned Urban Neighborhood Flex, offering diverse potential uses. The asking price for the entire portfolio is $1,430,000. The commercial building may be purchased separately, but the residential properties are only available with the commercial building. This prime location offers proximity to the University of Notre Dame and the Ironwood Road/SR 23 Trade Area, surrounded by residential, professional, and retail establishments. This presents a compelling opportunity for an owner-occupant or a passive investor seeking strong rental income and significant upside potential.

    Property Features for 1924 Edison Rd

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    33,106 SF

    Building Details

    Buildings
    3
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    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
    -86.2192148
    Latitude
    41.6942137

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    FAQs

    What type of property is this?
    Office Property / Space - Three buildings, high visibility, great location
    Where is this office property / space located?
    The property is located at 1924 Edison Rd South Bend, IN.
    What is the asking price?
    The asking price for this property is $1,430,000.
    Request Owner's contact information
    1924 Edison Rd South Bend, IN 46617
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    South Bend, IN 46617
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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
    1924 Edison Rd South Bend, IN 46617
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