4350 Ironwood Dr South Bend, IN 46614-3073
Property profile & analytics
4350 Ironwood Dr South Bend, IN 46614-3073
- Medical Office Space
- 9,016 SF
- 1.84 lot acres
Property ID
US31-3058715
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
- DaVita Irish Dialysis / Medical Clinic
Property Details for 4350 Ironwood Dr
- Year built
- 2014
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.84 lot acres
- Property size
- 9,016 SF
- Property type
- Medical Office Space
- Property subtype
- Medical centers
- APN
- 71-09-29-151-007.000-033
- APU
- 710929151007000033
Description
This exceptional investment opportunity presents a 9,001 square foot, single-tenant DaVita Dialysis Center located at 4350 S Ironwood Dr, South Bend, Indiana 46614. The property, built in 2014 and renovated in 2023, sits on a 1.8-acre lot and boasts a 100% occupancy rate. The current lease, a NNN net lease with a corporate guarantee from DaVita Healthcare Partners, Inc., commenced January 28, 2015, and has a remaining term of approximately 5.2 years, with two 5-year renewal options. The annual net operating income (NOI) is $335,979, resulting in a 6.50% capitalization rate. The tenant is responsible for all expenses except for structural, electrical, and exterior plumbing repairs exceeding $1,000 per lease year. The property benefits from strong demographics, with a population exceeding 56,000 within a 3-mile radius and average household income of $75,000 (3-mile radius in 2023). Recent improvements include roof repairs (2022) and parking lot resurfacing (2023). This is a rare opportunity to acquire a stable, net-leased medical facility backed by a Fortune 500 company in a high-demand location. The asking price is $5,170,000.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $410,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $778,000
Market price range: $278k - $779k -
Alternative Use
- Use
- Estimation
- MEDICAL BUILDING
- $530,000 Current use
- APARTMENT HOUSE (5+ UNITS)
- $770,000 Change: +46% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $720,000 Change: +36% Conversion: Easy
- RESTAURANT
- $670,000 Change: +26% Conversion: Difficult
- INDUSTRIAL (GENERAL)
- $535,000 Change: +1% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $485,000 Change: -8% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- South Bend
- County
- St. Joseph
- State
- Indiana
- Longitude
- -86.2127
- Latitude
- 41.631
- 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
$37,365
$237,900
$1,007,600
$1,245,500
-
$237,900
$1,007,600
$1,245,500
