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Property profile & analytics
FOR SALE
Banks

3404 Boland Dr South Bend, IN 46628

2,250 SF 1.53 ac lot Built 1985
Entity Owned Free & Clear
Property ID
US31-2337595
Property summary
AI-generated overview

This exceptional 2,250 square foot traditional office building, situated on a generous 1.53-acre lot, presents a compelling investment opportunity in South Bend, Indiana. Priced at $275,000 ($122.22/sq ft), the property boasts a desirable location within the Boland/Kenmore Drive industrial park, offering convenient access to numerous small businesses and the nearby Meijer shopping center. Built in 1979, the Class B building is zoned for Light Industrial use, providing flexibility for future development or expansion. The current configuration includes a spacious lobby, a teller line, three private offices, a break room, and a restroom – ideal for a variety of professional uses. A significant advantage is the existing one-lane drive-thru lane located behind the building, adding to its operational versatility. The ample acreage provides substantial potential for future expansion or redevelopment. This property is strategically located off Bendix Drive in South Bend's Northwest side, within the Airport Industrial Park – Blackthorn Development area, ensuring excellent visibility and accessibility. This is a rare opportunity to acquire a well-positioned office building with significant growth potential in a thriving commercial area. The property's size and zoning offer a unique blend of immediate usability and long-term development prospects.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1985
Construction WOOD
Total area 2,250 SF
Lot 1.53 ac (66,647 SF)
APN 71-03-28-426-003.000-009
UPID US31-2337595
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
  • Imeco Federal Credit Union Credit Union
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
IMECO FEDERAL CREDIT UNION
IMECO FEDERAL CREDIT UNION
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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