South Bend, IN Property
Hard to find fenced/secured 8 acres industrial land
Marketing description
The property consists of approximately fenced/secured 8.00 acres and (1,921 SF first floor, 1,440 SF basement) office building that is with 500’ of frontage along Sample Street in St. Joseph County. Zoned GI-General Industrial.
Investment highlights
Investment opportunity to acquire acreage and office building in St. Joseph County, leased to a huge national tenant allowing the investor to cash flow immediately. The property consists of approximately 8.00 acres that is fenced/secured with 500’ of frontage
along Sample Street. Zoned GI-General Industrial, which includes a broad range of uses, such as outside storage, trucking, and waste/recycling, etc. The site is well-suited for industrial or commercial redevelopment, with potential rail access. The back half is fenced and contains hard-surface of concrete and/or gravel. Clean Phase I on file. The property also has a (1,921 SF first floor, 1,440 SF basement) office building which consists of four (4) private offices, large common area and reception area on the first level. Additionally, the building offers basement with two (2) large rooms and a bathroom. Very cheap TAXES!! The site is within a 10 minute drive to I-80/90 Indiana Toll Road, US 20/31 Bypass and the South Bend Airport. The building is also in the Urban Enterprise Zone Area, which offers various tax and financial incentives to businesses located in the zone.
Property is currently NNN leased to a large nationwide car auction company with lease ending end of 2027. Huge company, great tenant with great monthly income on the property. Zero maintenance, tenant is responsible for everything and we just pay the taxes. Tenant has been there already for over 8 years and most likely will renew the lease long term after expiration. Lease is under market value and can be raised.
https://www.facebook.com/marketplace/item/1837445967640422
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