1030 Jefferson BlvdSouth Bend, IN 46617

Property Details for 1030 Jefferson Blvd

Year built

1970

Construction

TYPE NOT SPECIFIED

Lot size

1.27 AC

Property size (Sq ft)

27,900 SF

Property type

Office properties

APN

71-08-12-281-010.000-026

APU

710812281010000026

Description

This exceptional 36,112 square foot executive office building, located at 1030 E Jefferson Blvd in South Bend, Indiana, presents a unique investment opportunity. The property, formerly occupied by American National University, boasts a prime location at the corner of E Jefferson Blvd and S Eddy St, benefiting from high daily traffic counts (10,000 cars on Jefferson, 21,300 on Eddy, per INDOT). The three-story building, constructed in 1970 and extensively renovated in 2022, includes a finished basement, all accessible via elevator. Recent upgrades exceeding $100,000 encompass the elevator, restrooms, flooring, utilities, exterior, and parking lot. The building's layout is versatile, featuring numerous classrooms, offices, common areas, and storage spaces across all floors. The basement offers a large mechanical room, classrooms, offices, and storage. The first floor includes a spacious reception area, classrooms, offices, and restrooms, including an ADA-compliant restroom. The second floor contains classrooms, a student lounge, library, offices, and meeting areas. The third floor features classrooms, labs with a washroom, offices, and storage. The 1.41-acre lot is zoned NC: Neighborhood Commercial. The property enjoys excellent proximity to Howard Park, downtown South Bend, the University of Notre Dame, Indiana Toll Road, major shopping corridors, and the South Bend International Airport. Currently vacant, this property offers significant potential for a variety of uses. Note: The property is currently tax-exempt due to previous university ownership.

• CAP approach

  CAP return

  Valuation

  6%

  $4,910,594

  6.5%

  $4,532,856

  7%

  $4,209,080

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,633,975

  Geo Method

  $3,633,975

• Alternative Use

  Use

  Valuation

  Residential

  $5,620,742

  Hospitality

  $5,148,569

  Educational

  $4,283,549

  Medical

  $4,430,867

  Retail

  $6,663,298

Location Insight

City

South Bend

County

St. Joseph

State

Indiana

Latitude

41.6748

Longitude

-86.2358

CBSA code

43780

CBSA name

SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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