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Assisted living facility/ Group Home 50860 State Hwy 933 1,120 SF of Retail Space Available in South Bend, IN 46637
Highlights
- main road signage
- Two 2/1's and a studio
- 1,988 sf group home
- storage building
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Ceiling
- Term
- Rental Rate
- Rent Type
| Space | Size | Ceiling | Term | Rental Rate | Rent Type | |
| 1st Floor, Ste 1 | 1,120 SF | 20’ | 3 Years | $32.43 /SF/YR $2.70 /SF/MO $36,322 /YR $3,027 /MO | Triple Net (NNN) |
1st Floor, Ste 1
Assisted Living/ Group home available on US 31 N. 1,988 Square feet total plus a 560 sf garage. Owner will be renovating main house to comply with ADA and any other building department regulations. The main house currently has a 2/1, 2/1 and a studio. Existing metal storage building will be brought up to code and potentially can be more residential space, this is to be determined still by building and zoning. New septic tank will be installed.Lot has 75 ft of frontage on state road 933 highway( US 31 N) that is of the main avenues in the area that connects Indiana and Michigan. 16,575 Average Daily Traffic. Only a few blocks away from Michigan. Only a few minutes from Notre Dame University. Looking for a group home operator to do a master lease with the property.
- Lease rate does not include utilities, property expenses or building services
- Finished Ceilings: 20’
- Group home for sober living or any other ADA uses
- Plenty of parking
- Two 2/1's and one studio
- Storage Building
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 1,120 SF | Gross Leasable Area | 3,500 SF |
| Property Type | Retail | Year Built | 1996 |
| Property Subtype | Auto Repair | Parking Ratio | 7.14/1,000 SF |
| Total Space Available | 1,120 SF |
| Property Type | Retail |
| Property Subtype | Auto Repair |
| Gross Leasable Area | 3,500 SF |
| Year Built | 1996 |
| Parking Ratio | 7.14/1,000 SF |
About the Property
Assisted Living/ Group home available on US 31 N. 1,988 Square feet total plus a 560 sf garage. Owner will be renovating main house to comply with ADA and any other building department regulations. The main house currently has a 2/1, 2/1 and a studio. Existing metal storage building will be brought up to code and potentially can be more residential space, this is to be determined still by building and zoning. New septic tank will be installed.Lot has 75 ft of frontage on state road 933 highway( US 31 N) that is of the main avenues in the area that connects Indiana and Michigan. 16,575 Average Daily Traffic. Only a few blocks away from Michigan. Only a few minutes from Notre Dame University. Looking for a group home operator to do a master lease with the property.
- Fenced Lot
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Assisted living facility/ Group Home | 50860 State Hwy 933
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