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Property profile & analytics
OFF-MARKET
Estimated value
$9,325,000
Medical Office Space
211 Eddy St South Bend, IN 46617-2808
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US31-1927604
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1966
Construction
TYPE NOT SPECIFIED
Total area
97,295 SF
Lot
4.18 ac (182,081 SF)
APN
71-08-12-230-001.000-026
UPID
US31-1927604
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
-
South Bend Chocolate Co Specialty Food Shop Candy Store
-
South Bend Clinic Pediatrics Medical Clinic
-
South Bend Clinic Endcrnlgy Medical Clinic
-
South Bend Clinic Urology Medical Clinic Physician
-
South Bend Clinic Gastroenterology Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.20M
Blend (final)
Blend
$9.33M
Owner & transaction history
Great Lakes Physician Administrativ · 4 yrs held
Great Lakes Physician Administrativ
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$8.3M
+59.1%
Auto repair, garage
$8.3M
+58.2%
Restaurant
$8.2M
+56.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs South Bend submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Bend submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$8,330,000
Change: +59% · Conversion: Moderate
AUTO REPAIR, GARAGE
$8,285,000
Change: +58% · Conversion: Difficult
RESTAURANT
$8,215,000
Change: +57% · Conversion: Difficult
RETAIL STORES
$7,040,000
Change: +34% · Conversion: Difficult
Blend value · Realmo final
$9.33M
Range $8.39M – $10.26M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$96 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$419,562
Tax year 2023
Assessed value
$12,398,400
Assessed 2023
Previous assessed
$12,398,400
+0.0% YoY
Effective rate
3.38%
On assessed value
Assessed land
$543,400
Assessed improvement
$11,855,000
Land market value
$543,400
Improvement market value
$11,855,000
Total market value
$12,398,400
Applied tax rate
26.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1966
Construction
TYPE NOT SPECIFIED
Heating
NONE
Buildings
4
Stories
2
Total area
97,295 SF
Lot
4.18 ac (182,081 SF)
APN
71-08-12-230-001.000-026
UPID
US31-1927604
Jurisdiction
ST JOSEPH
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.3M
AUTO REPAIR, GARAGE
Est. value
$8.3M
RESTAURANT
Est. value
$8.2M
RETAIL STORES
Est. value
$7.0M
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
RESTAURANT
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1966
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Buildings
4
Lot
4.18 ac
Current owner
From public records · entity-resolved
Great Lakes Physician Administrativ
Individual
Mailing address
1100 31ST ST, DOWNERS GROVE, IL 60515-5509
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 8, 2021
—
Great Lakes Physician Administrativ
Eddy Property Dev LLC
Limited Warranty Deed
—
Feb 16, 2021
$1,000
Indiana State
Eddy Property Dev LLC
Warranty Deed
—
Aug 4, 2020
—
Eddy Property Development LLC
—
Deed
related
$50,600,000 · Centier Bank
Aug 3, 2020
—
Eddy Property Dev LLC
—
Deed
related
$68,175,000 · Lake City Bank
Nov 27, 2019
—
Eddy Property Development LLC
—
Deed
related
$41,500,000 · Key Bank NA
Jul 2, 2008
—
Eddy Property Development LLC
South Bend Mac LP
Warranty Deed
—
Nov 30, 2007
—
City Of South Bend
Eddy Property Development LLC
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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