1st Source Bank | $627M Deposits | 2nd Highest Branch
1st Source Bank Historic Building | Recent Updates | 2nd Highest Deposits
Marketing description
Exclusively Listed By:
Carson Jeremiah | Associate Director | 469.949.7540 | [email protected]
Camille Renshaw | CEO & Co-Founder | 646.770.0659 | [email protected]
In association with Mitch Doner | IN License #: RB14048527
Investment highlights
This offering features a historic, 1st Source Financial Center–anchored building in the heart of Elkhart County. The 1st Source Bank branch accounts for 62% of the bank’s total deposits across nine local branches and ranks second nationwide in total deposits among all 1st Source locations. Operating as a full-service financial center with retail banking, wealth management, and commercial mortgage services, the branch has recently extended its lease for an additional 10 years, underscoring its long-term commitment and continued success at this location. The property has also benefited from significant capital improvements, including a new TPO roof (2018), shingle roof replacement (2008), extensive second-floor build-outs, upgraded common areas and stairwells, modernized lighting and electrical, and major HVAC enhancements, offering investors a well-maintained, institutionally anchored asset.
- MULTI-TENANT PROPERTY | MAJORITY OCCUPIED BY NNN BANK TENANT
- 2ND HIGHEST DEPOSIT COUNT AMONG 1ST SOURCE BANKS
- RECENT ROOF REPLACEMENT AND RENOVATIONS
- RECENT 10-YEAR LEASE EXTENSION | 1ST SOURCE BANK
- EASTERN REGION CORPORATE OFFICE | LONG-TERM OCCUPANCY
- NATIONALLY REGISTERED HISTORIC BUILDING | EXCEPTIONAL CURB APPEAL
- DOWNTOWN ELKHART LOCATION
- DENSE RETAIL TRADE AREA
- OPPORTUNITY ZONE | CENSUS TRACT 2900
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