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29957362
29957363

247 N Dixie Way, South Bend, IN 46637 For Sale

HP
Wa 3924
PDG Services
Listed by PDG Services
$1,098,000
148 days on market
Updated 7 days ago

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Details
APN 71-03-25-152-008.000-007
Property Type Office
Sub Type Creative Office
Square Footage 10,000
Net Rentable (SqFt) 9,804
Units 6
Cap Rate 0.24%
NOI $2,588
Occupancy 33%
Tenancy Multi
Lease Term 1
Pro-Forma Cap Rate 13.3%
Pro-Forma NOI $146,000
Price per SqFt $110
Broker Co-Op Yes
Class B
Year Built 1968
Year Renovated 2008?
Buildings 1
Stories 2
Lot Size (SqFt) 13,591
Zoning Commercial Office General
Investment Type Owner/User
Occupancy Date 02/25/2026
Ground Lease No
Ownership Titanium Capital 3 LLC
Sale Condition 1031 exchange

You can enjoy income from the other tenants while building your business

Marketing description

Introducing 247 N DIXIE WAY DR, a prime office space in South Bend, IN! This versatile two-story building at 933, on high-traffic 933, offers a range of leasing options to accommodate various businesses. On the first floor, you'll find a 1,400 SF suite perfect for retail ventures like fitness studios, complemented by a 3,400 SF suite ideal for restaurants. Upstairs, four finished office suites await university-related tenants, ranging in size from 828 to 1336 SF. The property boasts a strategic location, minutes from prestigious educational institutions such as the University of Notre Dame, Saint Mary’s College, and Holy Cross College. Features include customizable floor plans, forthcoming enhancements to improve curb appeal, and planned additional parking on Rhodes St. With high visibility on a major commercial corridor and zoning to allow outdoor patio seating, this space is a standout opportunity for businesses seeking a prime location with excellent potential. Unlock the possibilities at 247 N DIXIE WAY DR today! This offering includes 115, 117, and 123 Rhodes for additional parking.

Investment highlights

Asking $11-$14 Modified gross leasing by Bradley & Co.

  • Lots on Rhodes St are earmarked to develop as additional parking

  • Office space is move-in ready (828 to 1326 SF)

  • Traffic counts of 19,862 vehicles per day on 933 (2022 data)

  • Property is zoned to allow outdoor patio seating for restaurant user

Listing Contacts

HP
Wa 3924
PDG Services
Listed by PDG Services

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$2,588.00
$215.67/mo

Valuation Metrics

0
DSCR
0.24%
Cap Rate
0.24%
ROI

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