1106 Plymouth Street
Bremen,
IN
46506-1842
Property Details
List Price: |
$340,000 |
Beds: |
-- |
Baths: |
Full: 2 |
Status: |
Active |
SqFt: |
-- |
Agency: |
Century 21 Circle |
House Features
Accessibility Features: Accessible Approach with Ramp
Architectural Style: Other
Construction Materials: Concrete, Stucco
Flooring: Tile
Heating: Forced Air
Interior Features: Handicap Access, Public Restrooms, Office Space, Drywall, Reception Area, Refrigeration/Freezer
Rooms: Office, Bathroom 1, Bathroom 2, Kitchen
Window Features
Exterior Features: Handicap Access, Office Space, Reception Area, Public Restrooms, Refrigeration/Freezer
Parking Features: Paved or Surfaced
Roof: Rubber
Neighborhood/Schools
Elementary School/District: Canyon
Middle/Junior High School/District: Canyon
High School/District: Canyon
Subvidision Name: None
Description/Comments
Lot Size: |
0 acre(s) |
Property Type: |
Commercial Sale-Other |
Year Built: |
1983 |
Notes: |
Tenant occupied investment property performing at 12% CAP rate. Seller is expanding his other business and needs to cash out! El Rancho Viejo is the current lessee and is a popular restaurant with a loyal clientele. Current lease runs through 2027 with landlord paying only taxes. The sale includes the real estate, specific trade fixtures, and a 3-way liquor license. The property sits on the main east-west corridor through town with an daily average of 8,432 vehicles and is poised for additional growth. Bremen is the largest city in Marshall county and has a large and well established local manufacturing corridor, low cost of doing business, and a regional commitment to continued growth. This is a great opportunity to see great rental return with a well liked and performing tenant. Monthly rent at $4,000/yr through 2026, $5,000/yr 2027 Parking for 35 cars. Included inventory attached. Tenant shows interest in renewing lease post 2027 |
MlsNumber: |
-- |
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Listing Provided By: |
Century 21 Circle, original listing |
Phone: |
(574) 229-7020 |
Office Phone: |
(219) 661-3000 |
Agent Name: |
Nick DeMaegd |
Disclaimer: |
Copyright © 2024 Greater South Bend-Mishawaka Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |