3224 Lincoln Way | South Bend, IN 46628
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3224 Lincoln Way
South Bend, IN 46628
South Bend Animal Clinic | VetCor · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- STABLE INVESTMENT – There are ±3 years remaining on the NN lease with 2% annual increases and one (1), five (5) year options to extend the lease.
- HEALTHCARE REAL ESTATE | RECESSION RESISTANT PROPERTY – Veterinary Hospitals are extremely sought-after investments for their resistance to downturns.
- COMPREHENSIVE SERVICES | MULTI-DOCTOR LOCATION – South Bend Animal Clinic offers a range of veterinary services including emergency pet care.
- SCHEDULED RENTAL INCREASES | HEDGE AGAINST INFLATION – The lease features 2% annual rental escalators, providing a future owner.
- PRIME LOCATION – The ±2,100 SF practice is well positioned off Lincoln Way West with direct street frontage and accessibility from the main road.
- VETCOR – Established in 1997, Vetcor has built a community-centric veterinary services company supporting over 850 practices across the US and Canada.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Veterinarian/Kennel
Building Size
2,100 SF
Building Class
C
Year Built/Renovated
1967/2008
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.51 AC
Zoning
C - Commercial
Parking
35 Spaces (16.67 Spaces per 1,000 SF Leased)
Frontage
159’ on Lincoln Way
PROPERTY TAXES
| Parcel Number | 71-08-04-228-017.000-026 | Improvements Assessment | $89,200 |
| Land Assessment | $9,300 | Total Assessment | $98,500 |
PROPERTY TAXES
Parcel Number
71-08-04-228-017.000-026
Land Assessment
$9,300
Improvements Assessment
$89,200
Total Assessment
$98,500
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