This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

917 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

Vacant Drug Store W/ 2 YRS. of "NN" Rent 2401 Lincoln Way W

10,772 SF Retail Building South Bend, IN 46628 £946,800 (£88/SF) 10% Net Initial Yield

Investment Highlights

  • 10,772 +/- SF Free Standing Retail Building w/ Drive-Thru Situated On 1.16 +/- Acres In South Bend, IN
  • Attractive Opportunity For Purchaser To Collect Remaining Rent While Working to Re-Tenant Property
  • Signalized Corner Location w/ Multiple Points of Ingress and Egress
  • Family Dollar Has Vacated Location - Lease Obligation Runs Until June 2026
  • Subject Property Built In 1996 - All Block Construction
  • Strong Traffic Counts w/ Over 14,900 VPD Traveling on Lincoln Way

Executive Summary

FD LEASE RUNS UNTIL 6/26 | $240K OF REMAINING RENT + "NN" EXPENSES

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
10,772 SF
Building Class
B
Year Built
1996
Price
£946,800
Price Per SF
£88
Net Initial Yield
10%
NOI
£94,680
Tenancy
Single
Number of Floors
1
Loading Docks
1 Exterior
Building FAR
0.21
Land Acres
1.16 AC
Zoning
NC - Neighborhood Center
Parking
29 Spaces (2.69 Spaces per 1,000 SF Leased)
Frontage
264 ft on Lincoln Way

Amenities

  • Pylon Sign
  • Signage
  • Signalised Intersection

Links

1 of 1
2401 Lincoln Way W, South Bend, IN - aerial map view - Image1
2401 Lincoln Way W, South Bend, IN - aerial map view - Image2

PROPERTY TAXES

Parcel Number 71-08-03-179-028.000-026 Improvements Assessment £411,516
Land Assessment £36,577 Total Assessment £448,094

PROPERTY TAXES

Parcel Number
71-08-03-179-028.000-026
Land Assessment
£36,577
Improvements Assessment
£411,516
Total Assessment
£448,094
(248) 702-0288

  • Listing ID: 32556535

  • Date on Market: 23/07/2024

  • Last Updated:

  • Address: 2401 Lincoln Way W, South Bend, IN 46628

The Retail Property at 2401 Lincoln Way W, South Bend, IN 46628 is currently available For Sale. Contact Encore Real Estate Investment Services for more information.

Nearby Listings

1 of 5
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/5
2401 Lincoln Way W, South Bend, IN for sale Building Photo- Image 1 of 5
Building Photo
2401 Lincoln Way W, South Bend, IN for sale Building Photo- Image 2 of 5
Building Photo
2401 Lincoln Way W, South Bend, IN for sale Aerial- Image 3 of 5
Aerial
2401 Lincoln Way W, South Bend, IN for sale Aerial- Image 4 of 5
Aerial

1 of 1

Connect with us

© 2024 CoStar Group

Vacant Drug Store W/ 2 YRS. of "NN" Rent | 2401 Lincoln Way W
(248) 702-0288 x

Vacant Drug Store W/ 2 YRS. of "NN" Rent | 2401 Lincoln Way W

1/2

Deno Bistolarides

(248) 702-0288

(248) 702-0288

Dante Hargis

(248) 702-0289

(248) 702-0289

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link