423 Dixie Way South Bend, IN 46637-3323
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.
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Perkins Restaurant & Bakery Restaurant
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MrBeast Burger Restaurant
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
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Property description
Physical attributes from public recordsZoning & alternative use
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.