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Property profile & analytics
FOR LEASE
Drive through restaurants

4505 Ameritech Dr South Bend, IN 46628

2,025 SF 1 ac lot Built 2014
Entity Owned 10-yr Hold Free & Clear
Property ID
US31-1557296
Property summary
AI-generated overview

This exceptional 1.25-acre commercial land outlot presents a unique investment opportunity in South Bend, Indiana. Located at the highly visible northwest corner of Brick Road and Ameritech Drive, this property is part of the newly constructed Carbonmill Plaza, a thriving multi-tenant center. The outlot offers excellent access to US 20/31 Bypass and I-80/90 Toll Road, ensuring high traffic counts and strong visibility. The site benefits from its proximity to Blackthorn Corporate Office Park and several industrial/business parks, providing a substantial daytime population. Carbonmill Plaza itself boasts 9,000 square feet of existing commercial space, occupied by established businesses including Brunos Pizza, El Arriero Mexican Restaurant, Grid Iron Wine & Spirits, Low Bobs Express, and Taco Bell. The plaza features ample shared parking and municipal utilities. The property is zoned CB Community Business and has a total land area of 1.25 acres (54,450 square feet). This location is situated in a high-growth residential area within St. Joseph County, offering significant potential for future development. While there are restrictions on proposed uses for outlots, this prime location offers unparalleled potential for a variety of commercial ventures. The APN is 71-03-18-400-012.000-009. The address is 4505 Ameritech Drive, South Bend, IN 46628.

Property profile
Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2014
Construction WOOD
Total area 2,025 SF
Lot 1 ac (43,756 SF)
APN 71-03-18-400-014.000-009
UPID US31-1557296
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
  • Chivo's Pizza Take-out & Catering
  • El Arriero Restaurant
  • Low Bob's Express (Bike/Boat/Book/etc) Store
  • Low Bob's Discount Tobacco (Bike/Boat/Book/etc) Store
  • CoinFlip Bitcoin ATM Bank Credit Union
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
Nationall Retail Properties LP · 10 yrs held
Nationall Retail Properties LP
since 2016
2 recorded transactions
2016
Price N/A
2014
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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