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Falcon Hill Plaza 51353 N 933

17,590 SF Vacant Retail Building South Bend, IN 46637 $1,800,000 ($102/SF) 6.67% Cap Rate

Investment Highlights

  • Excellent visibility along Hwy 933.
  • Heavy traffic area.
  • 2-3 miles from major retailers.
  • A lot of shopping opportunities with shopping malls and lots of shops near.

Executive Summary

Multiple Use - Main building has been completely remodeled and updated. 3 office / retail spaces all with their own electric and natural gas. Additional 4000 sq. ft. building attached on the back. Includes a 60' x 112' pole barn in the rear. All of this on over 4 acres. There presently is an auto retail business operated by the owner. Interested in renting one of the units ? Let's Talk. Good location between South Bend, IN and Niles, MI with great traffic count. The sale price is currently $1,400,000, but the owner is open to negotiations.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Freestanding
Building Size
17,590 SF
Building Class
C
Year Built/Renovated
1966/2014
Price
$1,800,000
Price Per SF
$102
Cap Rate
6.67%
NOI
$120,000
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
3.98 AC
Zoning
C-1 - Commercial
Parking
80 Spaces (4.12 Spaces per 1,000 SF Leased)
Frontage
128 FT on In-933 Hwy

Amenities

  • Security System
  • Air Conditioning

About 51353 N 933 , South Bend, IN 46637

Property can be used by single tenant or split between three suites.

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Easy Car Access
  • Retailer
  • 1,328 SF
  • -
  • Triple Net
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Easy Car Access Retailer 1,328 SF - Triple Net -

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • B
  • 576 SF
  • Office/Retail
  • -
  • Now

Rent, services, and term all negotiable depending on tenant type. Front building has Suites B & C described above, Suite D is large pole building at rear of property. Suites B & C would be suitable for professional offices, shipping outlets, retail, restaurant, barber/beauty shop, etc. Suite D is suitable for auction barn, small manufacturing firm, storage, used furniture/appliances, etc. Suite B & C have utility room, bathroom, insulated, a/c and heat, water and 200 amp electric. Suite D has gas, 200 amp electric and water hookups inside. Prime location at Falcon Hill Plaza on SR 933 in South Bend, Indiana. Area has high traffic flow 24/7. Main connector road between South Bend and Niles, Michigan. Entire 17,590 SF available for lease at a negotiable price.

  • C
  • 5,500 SF
  • Office
  • -
  • Now
Space Size Space Use Position Available
B 576 SF Office/Retail - Now
C 5,500 SF Office - Now

B

Size
576 SF
Space Use
Office/Retail
Position
-
Available
Now

C

Size
5,500 SF
Space Use
Office
Position
-
Available
Now

B

Size 576 SF
Space Use Office/Retail
Position -
Available Now

Rent, services, and term all negotiable depending on tenant type. Front building has Suites B & C described above, Suite D is large pole building at rear of property. Suites B & C would be suitable for professional offices, shipping outlets, retail, restaurant, barber/beauty shop, etc. Suite D is suitable for auction barn, small manufacturing firm, storage, used furniture/appliances, etc. Suite B & C have utility room, bathroom, insulated, a/c and heat, water and 200 amp electric. Suite D has gas, 200 amp electric and water hookups inside. Prime location at Falcon Hill Plaza on SR 933 in South Bend, Indiana. Area has high traffic flow 24/7. Main connector road between South Bend and Niles, Michigan. Entire 17,590 SF available for lease at a negotiable price.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
71-03-13-152-005.000-003
Land Assessment
$75,300
Improvements Assessment
$149,000
Total Assessment
$224,300
  • Listing ID: 5711812

  • Date on Market: 1/5/2017

  • Last Updated:

  • Address: 51353 N 933, South Bend, IN 46637

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