3401 Lincoln W Way South Bend, IN 46628-1454
- Drive through restaurants
- 2,411 SF
- 0.78 lot acres
Current Use by Public Records
- Drive through restaurants
Property Details for 3401 Lincoln W Way
- Year built
- 1977
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.78 lot acres
- Property size
- 2,411 SF
- Property type
- Drive through restaurants
- APN
- 71-08-04-202-009.000-026
- APU
- 710804202009000026
Description
This exceptional 2,134 square foot free-standing restaurant building, located at 3401 Lincoln Way West in South Bend, Indiana, presents a unique investment opportunity. Built in 1977 and extensively renovated in 2022, the property boasts a convenient single-lane drive-thru with two service windows, catering to the demands of today's fast-paced market. The building features two customer entrances, a rear delivery door for efficient operations, and two unisex restrooms for customer convenience. Two walk-in coolers provide ample storage space, while a dedicated manager's office ensures efficient administrative functions. The property sits on a 0.75-acre lot, providing ample space and visibility. With 160 feet of frontage on Lincolnway West, the property benefits from high traffic volume and excellent exposure. The property is conveniently located near the South Bend International Airport, ensuring accessibility for both local and traveling customers. Utilities include gas, electric, water, and sewer. Existing pylon signage is in place, offering immediate branding opportunities. The property is zoned commercial and is situated in St. Joseph County, Indiana, zip code 46628. Two curb cuts provide easy access for both customers and deliveries. A detailed list of available equipment is available upon request. This turnkey restaurant is ready for immediate occupancy.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,335,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,295,000
- 6.5%
- $1,395,000
- 7%
- $1,480,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,410,000
- Geo Method
- $1,455,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,505,000
- Retail
- $1,085,000
- Mixed-Use
- $1,205,000
- Hospitality
- $1,245,000
- Educational
- $1,435,000
- Residential Income
- $1,200,000
- Energy
- $1,085,000
- Income-Based Land
- $1,190,000
- Food Service
- $1,185,000
Location Insight
- Map
- Local Demand
- City
- South Bend
- County
- St. Joseph
- State
- Indiana
- Longitude
- -86.2969
- Latitude
- 41.6926
- CBSA code
- 43780
- CBSA name
- SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA
