5838 Brick RdSouth Bend, IN 46628

Property Details for 5838 Brick Rd

Year built

1999

Construction

TYPE NOT SPECIFIED

Lot size

2.02 AC

Property size (Sq ft)

16,560 SF

Property type

Office properties

APN

71-03-20-101-002.000-009

APU

710320101002000009

Description

The Genesis Center, a Class A, single-story office building (16,560 total square feet) built in 1999 and renovated in 2021, offers exceptional office space in a high-visibility, high-traffic location. Situated on a 2.02-acre lot at the intersection of US 31 Business and Cleveland Road in South Bend, this property boasts convenient access to US 20 Bypass, 80/90 Toll Road, and Michiana Regional Airport. The building features five suites, with 7,930 square feet currently vacant, divisible into spaces ranging from 2,282 to 7,930 contiguous square feet. Ceiling heights range from 9 to 14 feet. Amenities include 86 open-lot parking spaces, 120-volt three-phase power, and attractive, landscaped grounds. The property is zoned Commercial 201, suitable for professional offices, retail, service, or technical uses. Municipal water, sewer, gas, and electric are available on-site. This prime location offers excellent visibility and accessibility, making it an ideal choice for a variety of businesses. The APN is 71-03-20-101-002.000-009.

• CAP approach

  CAP return

  Valuation

  6%

  $3,301,160

  6.5%

  $3,047,230

  7%

  $2,829,570

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,156,940

  Geo Method

  $2,156,940

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $5,755,780

  Retail / Commercial

  $2,999,200

  Mixed-Use / Specialty

  $3,026,080

  Hospitality / Lodging

  $2,269,040

  Institutional / Educational

  $3,159,330

  Residential Income

  $3,696,410

  Multifamily

  $4,225,020

  Automotive / Energy

  $2,707,990

  Parking / Income-Based Land

  $897,382

  Restaurant / Food Service

  $1,654,060

  Healthcare / Senior Housing

  $3,064,660

Location Insight

City

South Bend

County

St. Joseph

State

Indiana

Latitude

41.7364

Longitude

-86.3307

CBSA code

43780

CBSA name

SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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