3575 Moreau Ct South Bend, IN 46628
Property profile & analytics
3575 Moreau Ct, South Bend, IN 46628
- Office Spaces
- 84,398 SF
- 8.27 lot acres
Property ID
US31-1379487
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Dungarvin Indiana LLC / Social Service Agency / Charitable Organization
- ADM Hotel and Resorts Group / Business Management Consultant
- Fiserv / Loan Service / Bank
- Total Quality Logistics / Logistics Company / Freight Service
Property Details for 3575 Moreau Ct
- Year built
- 1998
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 8.27 lot acres
- Property type
- Office Spaces
- APN
- 71-03-20-300-022.000-009
- APU
- 710320300022000009
Description
This exceptional Class A office building, totaling 79,844 rentable square feet, presents a compelling investment opportunity in South Bend, Indiana. Situated on a 12.47-acre lot, this three-story building boasts panoramic views and is strategically located at the intersection of I-80/90 and US 31, providing easy access to major Midwestern cities. Its proximity to the South Bend International Airport and the recently announced $3.5 billion General Motors/Samsung SDI EV Battery Complex further enhances its value. Built in 1998 and extensively renovated in 2021, the property features a 49% occupancy rate with three tenants, including a major anchor tenant, LabCorp, which recently completed a $4 million+ renovation of its first-floor space (26,704 RSF). The building offers ample parking (3.6 spaces per 1,000 sq ft) and benefits from access to MetroNet's high-speed fiber-optic network. Significant portions of the second and third floors (a combined 39,459 RSF) are currently available for lease, presenting a substantial opportunity to increase occupancy and revenue. The asking price is $5,400,000, translating to $67.63 per square foot. The property's zoning is O (Office), and its APN is 71-03-29-100-001.000-009. The seller invested over $1.5 million in renovations since 2020. Two new leases on the second floor have recently been signed with terms ranging from five to seven years. This property offers a blend of strong existing tenancy, significant upside potential, and a prime location in a rapidly growing area.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $8,949,000
- AI Estimate
- $9,664,000
Market price range: $2.27M - $8.95MMarket price range: $2.99M - $9.66M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $5,725,000 Current use
- RETAIL STORES
- $7,550,000 Change: +32% Conversion: Easy
- AUTO REPAIR, GARAGE
- $6,390,000 Change: +12% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- South Bend
- County
- St. Joseph
- State
- Indiana
- Longitude
- -86.326
- Latitude
- 41.723
- CBSA code
- 43780
- CBSA name
- SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$77,487
$437,900
$5,102,200
$5,540,100
-
$437,900
$5,102,200
$5,540,100
