1030 Jefferson Blvd South Bend, IN 46617
- Office Properties & Spaces
- 27,900 SF
- 1.27 lot acres
Current Use by Public Records
- SCORE / Consultant / Financial Consultant
Property Details for 1030 Jefferson Blvd
- Year built
- 1970
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.27 lot acres
- Property size
- 27,900 SF
- Property type
- Office Properties & Spaces
- APN
- 71-08-12-281-010.000-026
- APU
- 710812281010000026
Description
This exceptional 36,112 square foot executive office building, located at 1030 E Jefferson Blvd in South Bend, Indiana, presents a unique investment opportunity. The property, formerly occupied by American National University, boasts a prime location at the corner of E Jefferson Blvd and S Eddy St, benefiting from high daily traffic counts (10,000 cars on Jefferson, 21,300 on Eddy, per INDOT). The three-story building, constructed in 1970 and extensively renovated in 2022, includes a finished basement, all accessible via elevator. Recent upgrades exceeding $100,000 encompass the elevator, restrooms, flooring, utilities, exterior, and parking lot. The building's layout is versatile, featuring numerous classrooms, offices, common areas, and storage spaces across all floors. The basement offers a large mechanical room, classrooms, offices, and storage. The first floor includes a spacious reception area, classrooms, offices, and restrooms, including an ADA-compliant restroom. The second floor contains classrooms, a student lounge, library, offices, and meeting areas. The third floor features classrooms, labs with a washroom, offices, and storage. The 1.41-acre lot is zoned NC: Neighborhood Commercial. The property enjoys excellent proximity to Howard Park, downtown South Bend, the University of Notre Dame, Indiana Toll Road, major shopping corridors, and the South Bend International Airport. Currently vacant, this property offers significant potential for a variety of uses. Note: The property is currently tax-exempt due to previous university ownership.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $435,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $500,000
- 6.5%
- $475,000
- 7%
- $510,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $510,000
- Geo Method
- $575,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $395,000
- Retail
- $480,000
- Mixed-Use
- $530,000
- Hospitality
- $485,000
- Educational
- $430,000
- Residential Income
- $495,000
- Energy
- $485,000
- Income-Based Land
- $530,000
- Food Service
- $455,000
Location Insight
- Map
- Local Demand
- City
- South Bend
- County
- St. Joseph
- State
- Indiana
- Longitude
- -86.2358
- Latitude
- 41.6748
- CBSA code
- 43780
- CBSA name
- SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA
