Description
PRIME LOCATION!!! Just 3/4 of a mile from the University of Notre Dame campus, this property is a fantastic opportunity for an investment or redevelopment within walking distance of the campus. Current tenant Mandarin House has been in operation for over 25 years with a lease in place until end of January 2025 at $4,300/month Modified Gross. Property is centrally located in between downtown South Bend and the Main St./Grape Rd. Shopping District in Mishawaka, both less than 3 miles away. The 3,840 SF building sits on .44 acres with a .22 acre vacant lot also included in the sale that could be used for additional parking for .66 acres total. Plenty of room for an outside patio area to be built to coincide with the restaurant to meet today's demands. The property is in between the intersections of SR 23 and Edison Rd. (nearly 47,000 cars daily) and the intersection of N Ironwood Dr. and Edison Rd. (nearly 31,000 cars daily). Traffic count in front of the property is nearly 26,000 cars daily. Zoned NC: Neighborhood Center. Taxes: $3,963 Tax Year: 2019
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0BEDS
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0.66ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
PRIME LOCATION!!! Just 3/4 of a mile from the University of Notre Dame campus, this property is a fantastic opportunity for an investment or redevelopment within walking distance of the campus. Current tenant Mandarin House has been in operation for over 25 years with a lease in place until end of January 2025 at $4,300/month Modified Gross. Property is centrally located in between downtown South Bend and the Main St./Grape Rd. Shopping District in Mishawaka, both less than 3 miles away. The 3,840 SF building sits on .44 acres with a .22 acre vacant lot also included in the sale that could be used for additional parking for .66 acres total. Plenty of room for an outside patio area to be built to coincide with the restaurant to meet today's demands. The property is in between the intersections of SR 23 and Edison Rd. (nearly 47,000 cars daily) and the intersection of N Ironwood Dr. and Edison Rd. (nearly 31,000 cars daily). Traffic count in front of the property is nearly 26,000 cars daily. Zoned NC: Neighborhood Center. Taxes: $3,963 Tax Year: 2019
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