1501 Ironwood DrSouth Bend, IN 46635

For Sale
$830,000

Prime location, established restaurant, strong lease.

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 5,000 square foot restaurant property, located at 1501 N Ironwood Dr in South Bend, Indiana, presents a compelling investment opportunity. Priced at $830,000 ($166/sq ft), this Class B building sits on a 0.52-acre lot and boasts a prominent position along Ironwood Drive, benefiting from high visibility and excellent signage. The property enjoys a daily traffic count of 15,529 vehicles. Built in 1968, the building received a new roof in 2021. Currently operating as the corporate headquarters for a well-established local Mexican restaurant since 1978, the property is zoned Community Business (CB) and features a net lease expiring in 2028. Its strategic location offers easy access to both South Bend and Mishawaka, and its proximity to the University of Notre Dame campus ensures a consistent customer base. Neighboring businesses include Mitch's Corner Sports Bar and the Original Pancake House, further enhancing the property's appeal and foot traffic. This is a rare opportunity to acquire a well-situated, income-producing restaurant property in a thriving area. The property's size, location, and lease terms make it an attractive investment for discerning buyers.

Highlights

  • $830,000 asking price for a 5,000 SF restaurant building.
  • Net lease expiring in 2028.
  • New roof installed in 2021.
  • High-visibility location on N. Ironwood Dr. near the University of Notre Dame.
  • Centrally located between South Bend and Mishawaka.
  • Zoned Community Business (CB).

Property Details for 1501 Ironwood Dr

Property type
Other retail properties, Restaurants
Square Feet
5,000 SF
Class
B
Year Built
1968
Lot Size (sq. ft)
22,651 SF

Location Insight

City
South Bend
County
St. Joseph
State
Indiana
Latitude
41.6957223
Longitude
-86.2169801
1501 Ironwood Dr, South Bend, Indiana

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1501 Ironwood Dr
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