1801 Ironwood DrSouth Bend, IN 46613

Property Details for 1801 Ironwood Dr

Year built

1977

Construction

WOOD

Lot size

0.81 AC

Property size (Sq ft)

7,920 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

71-09-18-432-014.000-026

APU

710918432014000026

Description

Ironwood Plaza, located at 1801 S Ironwood Dr, South Bend, IN 46613, offers a prime commercial space opportunity within a multi-tenant shopping plaza. This single-story building, totaling 3,550 square feet, sits on a 0.72-acre lot in a high-traffic area of St. Joseph County. Currently, there is one available space of 825 square feet, ideal for a variety of uses including medical, creative, executive, or traditional office settings. The property's diverse subtype designations allow for flexibility in tenant occupancy. The building's address is easily accessible via its cross street, Randolph. The property is categorized as retail, office, and restaurant space, indicating a versatile environment suitable for a range of businesses. The parcel ID is 018-7104-3742. This location provides excellent visibility and accessibility for businesses seeking a prominent presence in South Bend. The available space presents a unique opportunity for businesses looking to establish or expand their operations in a thriving commercial area. The multi-tenant nature of the plaza offers a collaborative and dynamic environment. Further details regarding lease terms and specific space configurations are available upon request.

• CAP approach

  CAP return

  Valuation

  6%

  $2,049,512

  6.5%

  $1,891,857

  7%

  $1,756,724

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,599,582

  Geo Method

  $2,599,582

• Alternative Use

  Use

  Valuation

  Residential

  $1,595,852

  Hospitality

  $1,461,792

  Educational

  $1,216,194

  Medical

  $1,258,021

  Retail

  $1,891,857

Location Insight

City

South Bend

County

St. Joseph

State

Indiana

Latitude

41.6554

Longitude

-86.2162

CBSA code

43780

CBSA name

SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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