2425-2427 Mishawaka Ave

South Bend, IN

Ideal Owner/Occupant With Potential For Income Stream

Property Snapshot

  • Building: 5,200 SF
  • Land: .37 Acres
  • Year Built: 1971
  • Zoning: MU-Mixed Use
  • Parking: 26 On-Site
  • Annual Taxes: $4,928.36 ('16 Pay '17)
  • List Price: $295,000

Property Details

Well-maintained and nicely landscaped multi-tenant building. The suites were a branch bank with an adjacent 2,600 SF suite that could accommodate an office, retail or medical use. Having this other suite provides the owner with an potential income stream. Each suite has their own address, served by separate gas forced air heat and central air conditioning, along with separately metered utilities. The building is served by separate gas forced air heat and central air conditioning, municipal utilities and ample onsite shared parking. There is an existing pylon sign on the property and ample onsite shared parking. The property is fenced with a gated parking lot for employees and guests, in addition to street parking.

The bank portion of the property is 2,600 SF, has a lobby entrance, teller windows, vault, drive-up window and restrooms. The furniture is also potentially available. The adjacent space is 2,600 SF and features a large, open area with built-in reception area and offices ideally suited for a training facility.

Location

The property is located on the north side of Mishawaka Avenue between 24th and 25th Streets in the River Park Trade Area. The property is minutes from Indiana University-South Bend (IUSB), commercial and retail businesses, and is surrounded by single family residential properties. The property has good visibility and easy access, with approximately 11,200 cars daily on Mishawaka Avenue.

The River Park neighborhood is a well known area in South Bend with a strong business owners association (River Park Business Owners Association) that promotes the trade area and its many attributes through the Association’s newsletter and web site.

For More Information Please Contact

Rick Doolittle
Sales Manager, Principal
574.485.1535
rickdoolittle@cressyandeverett.com

Sheral Litell
Senior Broker
574.485.1527
sherallitell@cressyandeverett.com