3404 Boland Dr South Bend, IN 46628
For Sale
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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.
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Imeco Federal Credit Union Credit Union
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.