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Property profile & analytics
OFF-MARKET
Turn key restaurants

423 Dixie Way South Bend, IN 46637-3323

4,679 SF 0.58 ac lot Built 1994
Entity Owned 11-yr Hold ~ Est. High Equity
Property ID
US31-1987020
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1994
Construction WOOD
Total area 4,679 SF
Lot 0.58 ac (25,137 SF)
APN 71-03-25-352-010.000-007
UPID US31-1987020
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
  • Perkins Restaurant & Bakery Restaurant
  • MrBeast Burger Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Dixie Lane Partners LLC · 11 yrs held
Dixie Lane Partners LLC
since 2014
1 recorded transaction
2014
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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