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1201 S Michigan St 5 934 pi² Commerce de détail Immeuble South Bend, IN 46601 1 507 000 $ CAD (253,96 $ CAD/pi²)



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Faits saillants de l'investissement
- Long-term net lease structure
- Corporate healthcare tenant
- Three (3) additional 3-year renewal options
- 2% annual rent increases
- Limited landlord responsibilities
Résumé de l'annonce
Latitude Commercial is pleased to present the opportunity to acquire a single-tenant net leased investment occupied by Help at Home, LLC, a leading provider of home healthcare services. The property is strategically located along S. Michigan Street in South Bend, Indiana, offering strong visibility and accessibility within a well-established commercial corridor. The tenant is operating under a long-term lease with an initial 8-year term (96 months) and three (3) additional 3-year renewal options, providing potential long-term income stability. The lease features 2% annual rental escalations, delivering built-in NOI growth over time. This is structured as a Triple Net (NNN) lease, with the tenant responsible for: -Real estate taxes -Insurance -Common area maintenance (CAM) -Utilities -Interior maintenance and repairs Landlord responsibilities are limited primarily to structural components, including the roof, foundation, and load-bearing structural elements, creating a favorable passive investment profile.
South Bend is a city in St. Joseph County, Indiana, United States, and its county seat. It lies along the St. Joseph River near its southernmost bend, from which it derives its name. It is the fourth-most populous city in Indiana with a population of 103,453 at the 2020 census. Located directly south of Indiana's northern border with Michigan, South Bend anchors the broader Michiana region. Its metropolitan area had a population of 324,501 in 2020, while its combined statistical area had 812,199 residents.
South Bend is a city in St. Joseph County, Indiana, United States, and its county seat. It lies along the St. Joseph River near its southernmost bend, from which it derives its name. It is the fourth-most populous city in Indiana with a population of 103,453 at the 2020 census. Located directly south of Indiana's northern border with Michigan, South Bend anchors the broader Michiana region. Its metropolitan area had a population of 324,501 in 2020, while its combined statistical area had 812,199 residents.
Faits sur la propriété
Type de vente
Investissement ou propriétaire utilisateur
Type de propriété
Commerce de détail
Sous-type de propriété
Immeuble de commerce
Taille du bâtiment
5 934 pi²
Classe d’immeuble
B
Année de construction
2007
Prix
1 507 000 $ CAD
Prix par pi²
253,96 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Dalle à dalle
8’
Coefficient d’occupation des sols de l’immeuble
0,24
Taille du lot
0,57 AC
Zone de développement économique
Oui
Zonage
LB-Local Business
Stationnement
25 places (4,21 places par 1 000 pi² loué)
Façade
Commodités
- Ligne d'autobus
Moyennement praticable à pied
60/100
Exceptionnellement facile d’accès en voiture
100/100
Transports en commun limités
30/100
Moyennement praticable en vélo
60/100
Principaux détaillants à proximité
Impôts fonciers
| Numéro de lot | 71-08-13-153-007.000-026 | Évaluation des bâtiments | 792 951 $ CAD |
| Évaluation du terrain | 38 063 $ CAD | Évaluation totale | 831 014 $ CAD |
Impôts fonciers
Numéro de lot
71-08-13-153-007.000-026
Évaluation du terrain
38 063 $ CAD
Évaluation des bâtiments
792 951 $ CAD
Évaluation totale
831 014 $ CAD
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1201 S Michigan St
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