4404 Technology DrSouth Bend, IN 46628

Property Details for 4404 Technology Dr

Year built

1987

Construction

TYPE NOT SPECIFIED

Lot size

1.03 AC

Property size (Sq ft)

6,060 SF

Property type

Office properties

APN

71-03-19-200-004.000-009

APU

710319200004000009

Description

This exceptional 6,000-square-foot commercial property in South Bend, Indiana, presents a lucrative investment opportunity. Situated on a 1.03-acre lot at 4404 Technology Dr, 46628, this single-story, 1987-built building boasts a versatile layout ideal for various businesses. Currently occupied by three tenants under a multi-tenant lease with one year remaining, the property offers a stable income stream. The building features a formal main entry, multiple private offices, two conference rooms, a break room and kitchenette, a dedicated cubicle area, and a substantial warehouse with an attached garage. Ample parking is available with 20 spaces located on the side and rear of the building. Zoned for commercial use, this property is conveniently located minutes from I-80/90, the US 31 Bypass, Blackthorn Corporate Park, the Michigan/Indiana State Line, and the South Bend Regional Airport. The property's APN is 71-03-19-200-004.000-009. This is a fantastic opportunity for investors seeking a multi-tenant property with strong potential for future growth and income. The sale is subject to existing tenant rights.

• CAP approach

  CAP return

  Valuation

  6%

  $1,208,010

  6.5%

  $1,115,080

  7%

  $1,035,430

• Comparable approach

  Method

  Valuation

  Relative Method

  $789,315

  Geo Method

  $789,315

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,106,260

  Retail / Commercial

  $1,097,520

  Mixed-Use / Specialty

  $1,107,350

  Hospitality / Lodging

  $830,318

  Institutional / Educational

  $1,156,110

  Residential Income

  $1,352,640

  Multifamily

  $1,546,100

  Automotive / Energy

  $990,949

  Parking / Income-Based Land

  $328,387

  Restaurant / Food Service

  $605,270

  Healthcare / Senior Housing

  $1,121,470

Location Insight

City

South Bend

County

St. Joseph

State

Indiana

Latitude

41.7355

Longitude

-86.342

CBSA code

43780

CBSA name

SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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