Commercial Land for Sale in South Bend, Indiana

Investment opportunity to acquire acreage and office building in St. Joseph County, leased to a huge national tenant allowing the investor to cash flow immediately. The property consists of approximately 8.00 acres that is fenced/secured with 500' of frontage along Sample Street. Zoned GI-General Industrial, which includes a broad range of uses, such as outside storage, trucking, and waste/recycling, etc. The site is well-suited for industrial or commercial redevelopment, with potential rail access. The back half is fenced and contains hard-surface of concrete and/or gravel. Clean Phase I on file. The property also has a (1,921 SF first floor, 1,440 SF basement) office building which consists of four (4) private offices, large common area and reception area on the first level. Additionally, the building offers basement with two (2) large rooms and a bathroom. The site is within a 10 minute drive to I-80/90 Indiana Toll Road, US 20/31 Bypass and the South Bend Airport. The building is also in the Urban Enterprise Zone Area, which offers various tax and financial incentives to businesses located in the zone. These incentives are meant to positively impact the cash flow position of a business and improve the company's access to capital.

Property is currently NNN leased to a large nationwide car auction company with 1 year left on the lease plus one year option is left on the lease. Huge company, great tenant with great monthly income on the property. Zero maintenance, tenant is responsible for everything and we just pay the taxes. Tenant has been there already for about 7 years.

Owner financing is available with 50 percent down.