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1801 Ironwood Dr 1823 South Bend, IN 46613-3415

OFF-MARKET Strip malls Google Maps
7,920 SF 0.81 ac lot Built 1977
Entity Owned 13-yr Hold ~ Est. High Equity
Estimated value (blended)
$270k
Range $243k – $297k (±10%)
Property ID US31-1388376

Property summary

AI-generated overview

Ironwood Plaza, located at 1801 S Ironwood Dr, South Bend, IN 46613, offers a prime commercial space opportunity within a multi-tenant shopping plaza. This single-story building, totaling 3,550 square feet, sits on a 0.72-acre lot in a high-traffic area of St. Joseph County. Currently, there is one available space of 825 square feet, ideal for a variety of uses including medical, creative, executive, or traditional office settings. The property's diverse subtype designations allow for flexibility in tenant occupancy. The building's address is easily accessible via its cross street, Randolph. The property is categorized as retail, office, and restaurant space, indicating a versatile environment suitable for a range of businesses. The parcel ID is 018-7104-3742. This location provides excellent visibility and accessibility for businesses seeking a prominent presence in South Bend. The available space presents a unique opportunity for businesses looking to establish or expand their operations in a thriving commercial area. The multi-tenant nature of the plaza offers a collaborative and dynamic environment. Further details regarding lease terms and specific space configurations are available upon request.

Property profile

Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1977
Construction WOOD
Total area 7,920 SF
Lot 0.81 ac (35,415 SF)
APN 71-09-18-432-014.000-026
UPID US31-1388376

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Church
  • Department Store

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k

Owner & transaction history

since 2012
2 recorded transactions
2012
$615,000
2006
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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