5032 Miami St | South Bend, IN 46614
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5032 Miami St
South Bend, IN 46614
Retail Property For Sale
Investment Highlights
- Freestanding Building Built to Suit for Indiana Farm Bureau Insurance in 2011| 6.83 Years Remaining | Absolute NNN Lease
- Affluent Area: One-Mile Average Household Income is $91,615
- Adjacent to Erskine Village Power Center, Which Includes Kohl’s, Target, Kroger, Starbucks, Martin’s Supermarket, McDonald's, Arby's, and More
Executive Summary
Freestanding Building Built to Suit for Indiana Farm Bureau Insurance in 2011| 6.83 Years Remaining | Absolute NNN Lease – No Landlord Responsibilities
Corporate Guarantee | A+ Credit Rating (AM Best) | Indiana Farm Bureau Has Been in Business Since 1919 and Has Locations in All 92 Indiana Counties
Adjacent to Erskine Village Power Center, Which Includes Kohl’s, Target, Kroger, Starbucks, Martin’s Supermarket, Joann Fabrics, Arby’s, McDonald’s, and More
Near Highway US-31 with 26,000 VPD | Just South of the Intersection of Miami Street and Highway US-20 Bypass with a Combined VPD 51,800+
Affluent Area: One-Mile Average Household Income is $91,615
Densely Populated University Town | Near University of Notre Dame , ranked #20 in the 2024 Edition of Best Colleges and National Universities, (13,139+ Students), Indiana University South Bend (4,450 Students), and Ivy Tech Community College (5,000 Students), St. Mary’s College (1,500 Students), and Holy Cross College (500 Students)
St Joseph is the Fifth Largest County in Indiana | South Bend is the Economic and Cultural Hub of a Multi-County, Bi-State Greater Region, with a Population of 924,820
Less Than 90 Miles to Chicago | Five Miles from Mishawaka, with One of the Largest Concentrations of Retail Stores in the State
Excellent Daytime Population of 113,569 Within a 5-Mile Radius
Corporate Guarantee | A+ Credit Rating (AM Best) | Indiana Farm Bureau Has Been in Business Since 1919 and Has Locations in All 92 Indiana Counties
Adjacent to Erskine Village Power Center, Which Includes Kohl’s, Target, Kroger, Starbucks, Martin’s Supermarket, Joann Fabrics, Arby’s, McDonald’s, and More
Near Highway US-31 with 26,000 VPD | Just South of the Intersection of Miami Street and Highway US-20 Bypass with a Combined VPD 51,800+
Affluent Area: One-Mile Average Household Income is $91,615
Densely Populated University Town | Near University of Notre Dame , ranked #20 in the 2024 Edition of Best Colleges and National Universities, (13,139+ Students), Indiana University South Bend (4,450 Students), and Ivy Tech Community College (5,000 Students), St. Mary’s College (1,500 Students), and Holy Cross College (500 Students)
St Joseph is the Fifth Largest County in Indiana | South Bend is the Economic and Cultural Hub of a Multi-County, Bi-State Greater Region, with a Population of 924,820
Less Than 90 Miles to Chicago | Five Miles from Mishawaka, with One of the Largest Concentrations of Retail Stores in the State
Excellent Daytime Population of 113,569 Within a 5-Mile Radius
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
5,900 SF
Building Class
C
Year Built
2011
Price
$1,548,387
Price Per SF
$262
Cap Rate
7.75%
NOI
$120,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
1.19 AC
Zoning
C - Commercial
Parking
20 Spaces (3.39 Spaces per 1,000 SF Leased)
Frontage
339 FT on Miami Street
Amenities
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 71-09-30-352-002.000-002 | Improvements Assessment | $434,100 |
| Land Assessment | $157,200 | Total Assessment | $591,300 |
PROPERTY TAXES
Parcel Number
71-09-30-352-002.000-002
Land Assessment
$157,200
Improvements Assessment
$434,100
Total Assessment
$591,300
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