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Property profile & analytics
OFF-MARKET
Medical Office Space

1918 Edison Rd South Bend, IN 46617-1711

2,520 SF 0.29 ac lot Built 1957
Entity Owned 13-yr Hold ~ Est. High Equity
Property ID
US31-1977111
Property summary
AI-generated overview

This exceptional investment opportunity comprises a three-building portfolio totaling 0.76 acres on Edison Road, a major thoroughfare between South Bend and Mishawaka, boasting visibility to over 17,000 vehicles daily. The centerpiece is a 5,962 square foot medical office building at 1918 Edison Rd, currently configured for dental practice, featuring eight operatories, labs, ample parking (38 spaces), and a renovated interior (2014). The building includes a lobby, reception area, multiple offices/exam rooms, an X-ray room, and restrooms on both the first floor and lower level. The lower level also offers conference rooms, a kitchen, and mechanical/storage areas. All operatories have sinks, and plumbing is throughout. Accompanying the commercial building are two income-producing residential properties: a 1,214 square foot single-family home at 1912 Edison Rd (three bedrooms, two bathrooms, carport, decks) and a 1,038 square foot single-family home at 1924 Edison Rd (two bedrooms, one bathroom, attached garage). All three properties are zoned Urban Neighborhood Flex, offering diverse potential uses. The commercial building is available for lease at $21.00 per square foot, NNN. The entire portfolio is listed for $1,430,000. The commercial property can be purchased separately, but the residential properties are only available for purchase with the commercial building. This prime location offers easy access to the University of Notre Dame and the Ironwood Rd./SR 23 Trade Area, surrounded by residential, professional, and retail establishments.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1957
Construction TYPE NOT SPECIFIED
Total area 2,520 SF
Lot 0.29 ac (12,750 SF)
APN 71-09-06-226-010.000-026
UPID US31-1977111
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
  • Paul A. Sergio, DDS Dental Office
  • Periodontal Associates of South Bend Dental Office
  • Apoorv Goel Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Pa Sergio Properties LLC · 13 yrs held
Pa Sergio Properties LLC
since 2013
1 recorded transaction
2013
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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