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For Sale

1201-1215 S Michigan Street

1201-1215 S Michigan St,
South Bend, IN 46601

Asset Snapshot

$85,627.62
NOI
2007
Year Built
100%
Occupancy

Offering Summary

Investment Overview

Latitude Commercial is pleased to present the opportunity to acquire a single-tenant net leased investment occupied by Help at Home, LLC, a leading provider of home healthcare services. The property is strategically located along S. Michigan Street in South Bend, Indiana, offering strong visibility and accessibility within a well-established commercial corridor. The tenant is operating under a long-term lease with an initial 8-year term (96 months) and three (3) additional 3-year renewal options, providing potential long-term income stability. The lease features 2% annual rental escalations, delivering built-in NOI growth over time. This is structured as a Triple Net (NNN) lease, with the tenant responsible for: -Real estate taxes -Insurance -Common area maintenance (CAM) -Utilities -Interior maintenance and repairs Landlord responsibilities are limited primarily to structural components, including the roof, foundation, and load-bearing structural elements, creating a favorable passive investment profile.


Investment Highlights

  • Offered at: $1,100,000
  • Long-term net lease structure
  • 2% annual rent increases
  • Corporate healthcare tenant
  • Limited landlord responsibilities
  • Three (3) additional 3-year renewal options

How it Works

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Listing Syndicated From

Buildout
For Sale
$1,100,000
Asking Price