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29020843
29020842

24545 Brick Rd, South Bend, IN 46628

SC
IN IN RB14012612
Irish Realty
Listed by Irish Realty
$425,000
190 days on market
Updated 34 days ago

24545 Brick Road

Details
Property Type Office
Sub Type Traditional Office
Square Footage 1,998
Net Rentable (SqFt) 1,850
Units 2
Cap Rate 8.84%
NOI $37,590
Occupancy 100%
Tenancy Multi
Lease Type Net
Price per SqFt $213
Broker Co-Op Yes
Buildings 1
Stories 1
Acreage 0.430
Zoning Commercial
Investment Type Net Lease
Lease Commencement 05/01/2008
Occupancy Date 05/01/2008

Office | 8.84% CAP | 1,998 SqFt

Marketing description

Prime Fully Leased Commercial Building | Exceptional Location & Stable Income

This well-positioned commercial building offers an outstanding investment opportunity with two fully leased units occupied by long-term tenants (10+ years), providing immediate and reliable cash flow. With $39,720 in gross annual rent, this property delivers stability and peace of mind for investors seeking predictable returns. It is also a fantastic option to operate your own business in one unit, while renting the other unit to collect income.

Strategically located near US 31 and the I-80/90 Toll Road (Indiana’s longest continuous North/South and East/West highways), the property benefits from excellent visibility, accessibility, and strong surrounding commercial activity—an ideal combination for long-term tenant retention and future demand.

The building features 1,998 SF on the main floor, complemented by an additional 1,998 SF unfinished basement, offering valuable upside potential for storage, expansion, or future build-out. Ample on-site parking enhances convenience for tenants and customers alike, while commercial zoning supports a wide range of uses.

This is a rare chance to acquire a turnkey investment in a fantastic location with proven tenancy, strong fundamentals, and long-term growth potential.

Highlights:

  • Two units, 100% leased

  • Long-term tenants (10+ years)

  • $39,720 gross annual rent

  • Prime location near US 31 & I-80/90 Toll Road

  • 1,998 SF main level + 1,998 SF unfinished basement

  • Excellent parking

  • Commercial zoning

  • Strong, stable income with upside potential

*Seller is also open to Owner financing. Terms would approximately be $450,000 purchase price, 25% down payment, 5% interest, two year balloon, and monthly payment of $3,750. Exact terms to be negotiated with Seller.

Investment highlights

Highlights:

  • Two units, 100% leased

  • Long-term tenants (10+ years)

  • $39,720 gross annual rent

  • Prime location near US 31 & I-80/90 Toll Road

  • 1,998 SF main level + 1,998 SF unfinished basement

  • Excellent parking

  • Commercial zoning

  • Strong, stable income with upside potential

Listing Contacts

SC
IN IN RB14012612
Irish Realty
Listed by Irish Realty

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$37,590.00
$3,132.50/mo

Valuation Metrics

0
DSCR
8.84%
Cap Rate
8.84%
ROI

Map

Zoning

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C CommercialGeneral CommercialCommercial
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Last updated Feb 27, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Steve Cooreman
License
IN RB14012612
Brokerage Address
5529 Orange Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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