1212 S Ironwood Dr

1212 S Ironwood Dr , South Bend, Indiana, 46615 | 3,364 sq.f | $ 725,000

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About This Restaurant

Investment Highlights

Established Community Favorite: A beloved restaurant location in South Bend, serving the community for years and known for its picturesque views Over $135k invested in recent renovations including modern kitchen equipment, enhanced fire suppression and electrical systems, and new outdoor bar Adjacent rental house available for purchase, offering potential for additional income or property expansion. Scenic Riverside Patio and Bar: Features a spacious outdoor patio on the St. Joseph River, complete with a riverside bar. Seller is open to various arrangements including lease, rent-to-own, or seller financing, etc., providing flexibility for different operator The property is well-equipped and updated, making it a turnkey solution for immediate business operation.

Executive Summary

Property Details

  • Sale Type    Investment or Owner User
  • Property Type    Retail
  • Property Subtype    Restaurant
  • Building Size    3,364
  • Building Class    C
  • Year Built/Renovated    1970/2022
  • Price    725,000
  • Price Per SF    216
  • Percent Leased    34
  • Tenancy    Multiple
  • Building Height    2 Stories
  • Building FAR    0.20
  • Land Acres    0.38 AC

Amenities

  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Waterfront

Property Taxes

Parcel Number 71-09-17-152-001.000-026 Improvements Assessment $20,100
Land Assessment $100,400 Total Assessment $120,500
Date Created: 2024-07-16 04:13:41 Last Updated: 2024-07-16 04:13:41
Address: 1212 S Ironwood Dr , South Bend, Indiana, 46615