1918 Edison Rd South Bend, IN 46617-1711
- Medical offices
- 2,520 SF
- 0.29 lot acres
Current Use by Public Records
- Paul A. Sergio, DDS / Dental Implants Periodontist
- Periodontal Associates of South Bend / Periodontist / Dental Clinic
- Apoorv Goel / Dental Implants Periodontist
Property Details for 1918 Edison Rd
- Year built
- 1957
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.29 lot acres
- Property size
- 2,520 SF
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 71-09-06-226-010.000-026
- APU
- 710906226010000026
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $260,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $335,000
- 6.5%
- $380,000
- 7%
- $360,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $375,000
- Geo Method
- $355,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $405,000
- Retail
- $335,000
- Mixed-Use
- $430,000
- Hospitality
- $340,000
- Educational
- $330,000
- Residential Income
- $375,000
- Energy
- $335,000
- Income-Based Land
- $340,000
- Food Service
- $360,000
Location Insight
- Map
- Local Demand
- City
- South Bend
- County
- St. Joseph
- State
- Indiana
- Longitude
- -86.2195
- Latitude
- 41.6942
- CBSA code
- 43780
- CBSA name
- SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA
