423 Dixie Way South Bend, IN 46637-3323
- Turn key restaurants
- 4,679 SF
- 0.58 lot acres
Current Use by Public Records
- Perkins Restaurant & Bakery / Breakfast Restaurant / Brunch Restaurant
- MrBeast Burger / Hamburger Restaurant
Property Details for 423 Dixie Way
- Year built
- 1994
- Construction
- WOOD
- Lot size
- 0.58 lot acres
- Property size
- 4,679 SF
- Property type
- Turn key restaurants
- APN
- 71-03-25-352-010.000-007
- APU
- 710325352010000007
Description
This exceptional investment opportunity presents a thriving Perkins Restaurant franchise in South Bend, Indiana. The property, located at 423 Dixie Way, encompasses a 4,679 square foot building situated on a 1.47-acre lot. Built in 1994, this multi-tenancy storefront boasts a prime location in the Roseland area, benefiting from high visibility and excellent traffic flow. Its strategic proximity to the I-80/90 Toll Road on-ramp ensures easy access for customers. The property is zoned B-Business and is surrounded by a mix of commercial, retail, and hospitality businesses. Within a three-mile radius, it enjoys convenient access to the Indiana/Michigan state line, the University of Notre Dame, St. Mary's College, Holy Cross College, and downtown South Bend. This sale includes both the South Bend and Elkhart Perkins Restaurant locations for a total asking price of $1,895,000. The business generates over $900,000 in annual sales and includes all furnishings, fixtures, and improvements. A local manager will remain to ensure a smooth transition. This is a turnkey opportunity to acquire a well-established, profitable restaurant business with significant growth potential. The APN is 20-02-20-251-035.000-027. Note that the real estate is leased.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- South Bend
- County
- St. Joseph
- State
- Indiana
- Longitude
- -86.2507
- Latitude
- 41.7111
- CBSA code
- 43780
- CBSA name
- SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA
