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Property profile & analytics
OFF-MARKET Estimated value $500,000
Turn key restaurants

1212 Ironwood Dr South Bend, IN 46615-1620

2,014 SF 0.38 ac lot Built 1970
Entity Owned 5-yr Hold Free & Clear
Property ID
US31-1366512
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1970
Construction WOOD
Total area 2,014 SF
Lot 0.38 ac (16,465 SF)
APN 71-09-17-152-001.000-026
UPID US31-1366512
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • The Bucket Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$515k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$500k
Owner & transaction history
Navarre Hospitals Group LLC · 5 yrs held
Navarre Hospitals Group LLC
since 2021
Last sale
$500,000
1 recorded transaction
2021
$500,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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