4505 Ameritech DrSouth Bend, IN 46628

Property Details for 4505 Ameritech Dr

Year built

2014

Construction

WOOD

Lot size

1.00 AC

Property size (Sq ft)

2,025 SF

Property type

Retail properties

Property subtype

Drive through restaurants

APN

71-03-18-400-014.000-009

APU

710318400014000009

Description

This exceptional 1.25-acre commercial land outlot presents a unique investment opportunity in South Bend, Indiana. Located at the highly visible northwest corner of Brick Road and Ameritech Drive, this property is part of the newly constructed Carbonmill Plaza, a thriving multi-tenant center. The outlot offers excellent access to US 20/31 Bypass and I-80/90 Toll Road, ensuring high traffic counts and strong visibility. The site benefits from its proximity to Blackthorn Corporate Office Park and several industrial/business parks, providing a substantial daytime population. Carbonmill Plaza itself boasts 9,000 square feet of existing commercial space, occupied by established businesses including Brunos Pizza, El Arriero Mexican Restaurant, Grid Iron Wine & Spirits, Low Bobs Express, and Taco Bell. The plaza features ample shared parking and municipal utilities. The property is zoned CB Community Business and has a total land area of 1.25 acres (54,450 square feet). This location is situated in a high-growth residential area within St. Joseph County, offering significant potential for future development. While there are restrictions on proposed uses for outlots, this prime location offers unparalleled potential for a variety of commercial ventures. The APN is 71-03-18-400-012.000-009. The address is 4505 Ameritech Drive, South Bend, IN 46628.

• CAP approach

  CAP return

  Valuation

  6%

  $523,579

  6.5%

  $483,304

  7%

  $448,782

• Comparable approach

  Method

  Valuation

  Relative Method

  $664,666

  Geo Method

  $664,666

• Alternative Use

  Use

  Valuation

  Residential

  $407,685

  Hospitality

  $373,437

  Educational

  $310,695

  Medical

  $321,381

  Retail

  $483,304

Location Insight

City

South Bend

County

St. Joseph

State

Indiana

Latitude

41.7376

Longitude

-86.3362

CBSA code

43780

CBSA name

SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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