1212 S Ironwood Dr
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1212 S Ironwood Dr
3,364 SF 34% Leased Retail Building South Bend, IN 46615 $725,000 ($216/SF)
Investment Highlights
- Established Community Favorite: A beloved restaurant location in South Bend, serving the community for years and known for its picturesque views
- Over $135k invested in recent renovations including modern kitchen equipment, enhanced fire suppression and electrical systems, and new outdoor bar
- Adjacent rental house available for purchase, offering potential for additional income or property expansion.
- Scenic Riverside Patio and Bar: Features a spacious outdoor patio on the St. Joseph River, complete with a riverside bar.
- Seller is open to various arrangements including lease, rent-to-own, or seller financing, etc., providing flexibility for different operator
- The property is well-equipped and updated, making it a turnkey solution for immediate business operation.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,364 SF
Building Class
C
Year Built/Renovated
1970/2022
Price
$725,000
Price Per SF
$216
Percent Leased
34%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.20
Lot Size
0.38 AC
Zoning
Neighborhood Center
Parking
34 Spaces (10.11 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
- Signalized Intersection
- Waterfront
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 2,211 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 2,211 SF | Retail | - | Now |
1st Floor
| Size |
| 2,211 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Walk Score ®
Very Walkable (72)
Bike Score ®
Very Bikeable (70)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 71-09-17-152-001.000-026 | Improvements Assessment | $100,400 |
| Land Assessment | $20,100 | Total Assessment | $120,500 |
PROPERTY TAXES
Parcel Number
71-09-17-152-001.000-026
Land Assessment
$20,100
Improvements Assessment
$100,400
Total Assessment
$120,500
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1212 S Ironwood Dr
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