2026 Ironwood Circle

South Bend, Indiana

Two Tenant Investment Sale With Long Term Leases

Property Snapshot

  • Building: 7,062 SF
  • Occupancy: 100%
  • Land: 0.51 acres
  • Year Built: 1970; 1995
  • Zoning: General Business
  • Parking: 20 Spaces
  • OH Doors: 1- 12’ x 12’
  • Signage: Building
  • Ceilings: 14’
  • Power: 200 Amp/Single Phase
  • Utilities: Separately metered to each tenant
  • Annual Taxes: $9,972.26
  • CAP Rate: $36,0000
  • NOI: 9%
  • List Price: $400,000

Property Details

This well-maintained, multi-tenant, 7,040 SF single-story flex building near Notre Dame is being offered for sale. The entire building was renovated in 2013, including new exterior paint. Shared parking on-site will accommodate up to 20 cars. Below market rents with upside potential. Good central location and easy access to surrounding community. 

Additional details on the financial components of the offering is available upon execution of a confidentiality agreement. 

Tenant Summary
SEI Service Express, Inc. At the Track Raceway

* 3,800 SF of Office space

* 3,240 SF of warehouse/flex space

* Totally refurbished 2013

* 14’ ceiling height

* Long term lease

* One 12’x12’ overhead door

 

* New HVAC system

Location 

Located on the east side of South Bend near Ironwood Road and State Road 23, both high traffic corridors each with over 18,000+ cars driving by daily. The building is just minutes from the University of Notre Dame, Saint Mary’s College, Holy Cross College and Indiana University-South Bend (IUSB). Also close by is the University Park Mall Trade Area and many other commercial, retail and residential developments.

The property is owned wholly or in part by a licensed real estate broker in the State of Indiana.

For More Information Please Contact

Eddie Bradley, CCIM/CPM/SIOR
Senior Vice President, Principal
574.485.1538
ebradley@cressy.com

EDWARD F. BRADLEY, SIOR/CCIM/CPM
Senior Vice President
574.485.1538
edbradley@cressyandeverett.com

Tim Mehall
Vice President, Retail Services, Principal
574.485.1516
timmehall@cressyandeverett.com