1212 Ironwood DrSouth Bend, IN 46615

Property Details for 1212 Ironwood Dr

Year built

1970

Construction

WOOD

Lot size

0.38 AC

Property size (Sq ft)

2,014 SF

Property type

Turn key restaurants

APN

71-09-17-152-001.000-026

APU

710917152001000026

Description

This exceptional restaurant space, located at 1212 S Ironwood Dr in South Bend, Indiana, presents a unique opportunity for a discerning restaurateur. The property, known as "The Bucket," boasts a total of 3,364 square feet, all currently vacant and ready for immediate occupancy. Situated on a 0.38-acre lot, the building features two stories and ample parking with 30 spaces available. Built in 1970 and extensively renovated in 2022, this property offers a blend of character and modern amenities. The zoning is designated as Neighborhood Center, making it ideal for a variety of restaurant concepts. The property's address is 1212 S Ironwood Dr, South Bend, IN 46615, and its location within St. Joseph County provides excellent access to a thriving community. The property's APN is 71-09-17-152-002.000-026. This single-tenant space is perfect for a business seeking a turn-key operation in a desirable location. The extensive 2022 renovation ensures the space is move-in ready, minimizing upfront investment and maximizing potential for immediate revenue generation. Don't miss this chance to establish your restaurant in a vibrant and accessible area of South Bend.

• CAP approach

  CAP return

  Valuation

  6%

  $521,163

  6.5%

  $481,074

  7%

  $446,711

• Comparable approach

  Method

  Valuation

  Relative Method

  $661,055

  Geo Method

  $661,055

• Alternative Use

  Use

  Valuation

  Residential

  $405,804

  Hospitality

  $371,714

  Educational

  $309,262

  Medical

  $319,898

  Retail

  $481,074

Location Insight

City

South Bend

County

St. Joseph

State

Indiana

Latitude

41.6621

Longitude

-86.2148

CBSA code

43780

CBSA name

SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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