511 E Colfax Ave
South Bend, IN 46617
HANNAH [Ready-to-Go Office]™? · Coworking Space Property For Lease

Commercial downtown mixed use building: ~ 3000 SF Office space used as upscale multi-tenant co-work office boutique with large conference room, 7 private offices, cubical room with 5 desks; ~ 2300 SF lab/fabr space; and ~ 875 SF upstairs European apartment. Tenants include law firms, financial planning firms, and other professionals. Tenants are month-to-month, but vast majority have leased for years. Very professional and reliable tenant base. Lease rates per SF exceed typical long-term lease rates due to short term lease terms and upscale co-work boutique model. Perfect for owner occupying back ~3100 SF apartment + make-it space with continued leasing of upfront ~3000 SF co-work office space with tenant income covering mortgage, utilities. Cap Rate available upon request and demonstrated interest. (At full occupancy with short term rental of office and apartment ROI for $1.2M investment estimated to well exceed 10%) Taxes and other expenses available upon request and demonstrated interest.