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Property profile & analytics
OFF-MARKET
Turn key restaurants

2037 Ireland Rd South Bend, IN 46614-2908

7,600 SF 0.72 ac lot Built 1970
Individually Owned Absentee Owner Free & Clear
Property ID
US31-1743347
Property summary
AI-generated overview

This exceptional 0.16-acre commercial land parcel presents a unique investment opportunity in South Bend's thriving Southland Plaza. Ideally situated on Ireland Road, this single-tenant outlot boasts approximately 110 feet of frontage and 60 feet of depth, offering excellent visibility and accessibility. The property benefits from convenient dual access points from both Ireland Road and Ironwood Road, ensuring optimal traffic flow. Southland Plaza enjoys a 100% occupancy rate, featuring a strong mix of retail businesses including Speedway Gas Station, Wings Etc., and Belmont Beverage, creating a vibrant and desirable commercial environment. The site's strategic location near the Ironwood exit of US 20 Bypass guarantees high traffic volume, with a combined daily count of 38,000 vehicles on Ireland and Ironwood Roads. Utilities are readily available on-site. This outlot is zoned CB Community Business and is perfect for an ATM or similar use. The property's proximity to several major banking centers further enhances its appeal and potential for success. This is a rare opportunity to secure a prime location in a high-traffic, established retail center. The APN is 71-09-30-277-012.000-002, located in St. Joseph County.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1970
Construction TYPE NOT SPECIFIED
Total area 7,600 SF
Lot 0.72 ac (31,546 SF)
APN 71-09-30-277-012.000-002
UPID US31-1743347
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
GARY W LUENEBURG
GARY W LUENEBURG
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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