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Property profile & analytics
OFF-MARKET
Commercial real estate

1924 Edison Rd South Bend, IN 46617

0.76 ac lot
Property ID
US31-2086831
Property summary
AI-generated overview

This exceptional investment opportunity in South Bend, Indiana, comprises three properties totaling 0.76 acres on Edison Road, a major thoroughfare between South Bend and Mishawaka, boasting visibility to over 17,000 vehicles daily. The portfolio includes a 5,962 square foot medical office building (currently dental) at 1918 Edison Road, renovated in 2014, featuring eight operatories, labs, ample parking, and multiple offices. This building is available for lease at $21.00 PSF NNN. Two additional residential properties, located at 1912 and 1924 Edison Road, are included. The 1,214 square foot home at 1912 Edison Road is a three-bedroom, two-bathroom single-family residence with a carport and decks, currently rented. The 1,038 square foot home at 1924 Edison Road offers two bedrooms, one bathroom, an attached garage, and is also currently rented. All three properties are zoned Urban Neighborhood Flex, offering diverse potential uses. The asking price for the entire portfolio is $1,430,000. The commercial building may be purchased separately, but the residential properties are only available with the commercial building. This prime location offers proximity to the University of Notre Dame and the Ironwood Road/SR 23 Trade Area, surrounded by residential, professional, and retail establishments. This presents a compelling opportunity for an owner-occupant or a passive investor seeking strong rental income and significant upside potential.

Property profile
Verified
Property type Commercial real estate
Lot 0.76 ac (33,106 SF)
UPID US31-2086831
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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