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4401 W Western Ave
South Bend, IN 46619
Centre West Plaza | 5 Outparcels | $703k NOI · Retail Property For Sale
Investment Highlights
- NOI: $703,427.08
- ALDI LOI to do a ground lease for the vacant 1.5 acre pad on a 15-year base term
- 5 outparcels included with two already having leases in place and the remainder available for ground lease or development
- 59% occupied true value-add center with a vacant 39,500 square foot box, an ALDI LOI to ground lease the 1.5 acre pad, and 5 outparcels
- 39,500 SF vacant big box to lease and add value to
- 80% national and regional tenancy in the center, providing strong tenancy base and brand recognition
Property Facts
Property Type
Building Size
97,226 SF
Building Class
B
Year Built/Renovated
1995/2013
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
9.74 AC
Zoning
CB - Community Business District
Parking
409 Spaces (4.21 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 71-08-09-153-004.000-026 | Improvements Assessment | $1,714,200 |
| Land Assessment | $295,300 | Total Assessment | $2,009,500 |
Property Taxes
Parcel Number
71-08-09-153-004.000-026
Land Assessment
$295,300
Improvements Assessment
$1,714,200
Total Assessment
$2,009,500
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