53842 Generations DrSouth Bend, IN 46635

Property Details for 53842 Generations Dr

Year built

1999

Construction

WOOD

Lot size

0.76 AC

Property size (Sq ft)

6,760 SF

Property type

Office properties

APN

71-04-29-453-008.000-003

APU

710429453008000003

Description

This exceptional Class A office building, constructed in 1999, offers 10,395 square feet of flexible space in a desirable South Bend location. Currently, a 3,553-square-foot suite (Suite 1A) on the lower level is available for lease. The building boasts numerous upgraded features, including ChoiceLight high-speed internet access. Situated on a 0.75-acre lot within the Foundation Center, a thriving mixed-use development, this brick building enjoys high visibility at the intersection of SR 23 and Douglas Road. The area offers a blend of medical offices, surgery centers, educational institutions, residential areas, and numerous national and regional retailers. Its strategic location provides easy access to the University of Notre Dame, Saint Joseph Health System Mishawaka campus, and the University Park Trade area (over 6,000,000 square feet of commercial space). The property benefits from a daily traffic count exceeding 21,000 vehicles. Shared common area maintenance (CAM) is $2.75 per square foot. Tenants are responsible for shared gas and electric, as well as separate janitorial services. This property is ideal for businesses seeking a prominent presence in a vibrant and convenient South Bend location. The zoning is B-Business, and the APN is 71-04-29-453-008.000-003, located in St. Joseph County.

• CAP approach

  CAP return

  Valuation

  6%

  $1,189,746

  6.5%

  $1,098,228

  7%

  $1,019,783

• Comparable approach

  Method

  Valuation

  Relative Method

  $880,490

  Geo Method

  $880,490

• Alternative Use

  Use

  Valuation

  Residential

  $1,361,802

  Hospitality

  $1,247,404

  Educational

  $1,037,825

  Medical

  $1,073,517

  Retail

  $1,614,394

Location Insight

City

South Bend

County

St. Joseph

State

Indiana

Latitude

41.711

Longitude

-86.2033

CBSA code

43780

CBSA name

SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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