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Vacant Drug Store W/ 2 YRS. of "NN" Rent 2401 Lincoln Way W

10,772 SF Retail Building South Bend, IN 46628 $1,685,616 CAD ($156 CAD/SF) 10% Cap Rate

Retail Buildings Indiana South Bend 2401 Lincoln Way W, South Bend, IN 46628

Investment Highlights

  • 10,772 +/- SF Free Standing Retail Building w/ Drive-Thru Situated On 1.16 +/- Acres In South Bend, IN
  • Attractive Opportunity For Purchaser To Collect Remaining Rent While Working to Re-Tenant Property
  • Signalized Corner Location w/ Multiple Points of Ingress and Egress
  • Family Dollar Has Vacated Location - Lease Obligation Runs Until June 2026
  • Subject Property Built In 1996 - All Block Construction
  • Strong Traffic Counts w/ Over 14,900 VPD Traveling on Lincoln Way

Executive Summary

FD LEASE RUNS UNTIL 6/26 | $240K OF REMAINING RENT + "NN" EXPENSES

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,772 SF
Building Class
B
Year Built
1996
Price
$1,685,616 CAD
Price Per SF
$156 CAD
Cap Rate
10%
NOI
$168,562 CAD
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.21
Land Acres
1.16 AC
Zoning
NC - Neighborhood Center
Parking
29 Spaces (2.69 Spaces per 1,000 SF Leased)
Frontage
264 ft on Lincoln Way

Amenities

  • Pylon Sign
  • Signage
  • Signalized Intersection

Links

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2401 Lincoln Way W, South Bend, IN - aerial map view - Image1
2401 Lincoln Way W, South Bend, IN - aerial map view - Image2

PROPERTY TAXES

Parcel Number 71-08-03-179-028.000-026 Improvements Assessment $732,594 CAD
Land Assessment $65,116 CAD Total Assessment $797,710 CAD

PROPERTY TAXES

Parcel Number
71-08-03-179-028.000-026
Land Assessment
$65,116 CAD
Improvements Assessment
$732,594 CAD
Total Assessment
$797,710 CAD
(248) 702-0288

  • Listing ID: 32556535

  • Date on Market: 2024-07-23

  • Last Updated:

  • Address: 2401 Lincoln Way W, South Bend, IN 46628

The Retail Property at 2401 Lincoln Way W, South Bend, IN 46628 is currently available For Sale. Contact Encore Real Estate Investment Services for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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Vacant Drug Store W/ 2 YRS. of "NN" Rent | 2401 Lincoln Way W
(248) 702-0288 x

Vacant Drug Store W/ 2 YRS. of "NN" Rent | 2401 Lincoln Way W

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Deno Bistolarides

(248) 702-0288

(248) 702-0288

Dante Hargis

(248) 702-0289

(248) 702-0289

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