1106 Plymouth Street
Bremen,
IN
46506
Property Details
List Price: |
$340,000 |
Beds: |
-- |
Baths: |
2 |
Status: |
Active |
SqFt: |
-- |
Agency: |
Century 21 Circle |
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Description/Comments
Lot Size: |
-- |
Property Type: |
Commercial |
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: |
202400031 |
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Listing Provided By: |
Century 21 Circle, original listing |
Name: |
Century 21 Circle |
Phone: |
(219) 661-3000 |
Office Name: |
Century 21 Circle |
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. |