Office Space
17501 Generations Drive South Bend, IN 46635
Details & Description
Price: $2,939,428
    Marcus and Millichap is pleased to offer the Michiana Gastroenterology building located in South Bend, Indiana. The property is a single tenant 9,938-square-foot single tenant medical office building. The Michiana Gastroenterology building is being offered as a 10-year sale-leaseback with two percent annual rent increases and two five year renewal options. Michiana Gastroenterology Inc is a medical group practice that specializes in Gastroenterology and Nursing. The practice includes a team of board certified physicians and staff providing the latest treatment options and procedures for acid reflux, celiac disease, colitis, colon cancer, colon polyps, crohns, hepatitis, and irritable bowel syndrome. The practice also performs procedures ranging from upper endoscopy related issues and colonoscopy's. This property offers investors the opportunity to acquire a key medical asset with excellent history, reputation, and stable long-term passive cash flow. Located right off a major thoroughfare, this location offers great access for patients and physicians, while sitting in the shadow of the renowned University of Notre Dame. Offering an exceptional location, outstanding accessibility, abundant amenities and stable cash flow, the Michiana Gastroenterology building represents an excellent core investment with low risk.Approximately One Mile to the Renowned University of Notre Dame, Over 14,000 Students and Academic Staff, $11.96 Billon Endowment.
    Property Highlights
     Strategically Located in Medical Corridor Off State-Road 23, a High-Traffic Area, with All Available Amenities
     Close Proximity to Saint Joseph Regional Medical Center Hospital, a 254-Bed Acute Care Facility
    Listing Agents
    Ryan Moore

    O: 216-264-2038
    ryan.moore@marcusmillichap.com
    Liam Childs
    Marcus & Millichap
    O: 216-264-2020
    liam.childs@marcusmillichap.com
    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    17501 Generations Drive

    South Bend, IN 46635

    Michiana Gastroenterology

    Listing ID: 276132
    • 17501 Generations Drive South Bend, IN 46635 | for Sale | Photo 1
    • 17501 Generations Drive South Bend, IN 46635 | for Sale | Photo 2
    • 17501 Generations Drive South Bend, IN 46635 | for Sale | Photo 3
    17501 Generations Drive | for Sale | Thumbnail 1
    17501 Generations Drive | for Sale | Thumbnail 2
    17501 Generations Drive | for Sale | Thumbnail 3
    Building Size: 9,938 SF
    Lot Size: --
    Land Size: --
    Building $/SF: $295.78
    Land $/SF:
    Price
    $2,939,428
    Property Highlights
    Fresh 10 Year Sale and Leaseback at the Close of Escrow, Triple-Net Lease
    Close Proximity to Saint Joseph Regional Medical Center Hospital, a 254-Bed Acute Care Facility
    Strategically Located in Medical Corridor Off State-Road 23, a High-Traffic Area, with All Available Amenities
    Description

    Marcus and Millichap is pleased to offer the Michiana Gastroenterology building located in South Bend, Indiana. The property is a single tenant 9,938-square-foot single tenant medical office building. The Michiana Gastroenterology building is being offered as a 10-year sale-leaseback with two percent annual rent increases and two five year renewal options. Michiana Gastroenterology Inc is a medical group practice that specializes in Gastroenterology and Nursing. The practice includes a team of board certified physicians and staff providing the latest treatment options and procedures for acid reflux, celiac disease, colitis, colon cancer, colon polyps, crohns, hepatitis, and irritable bowel syndrome. The practice also performs procedures ranging from upper endoscopy related issues and colonoscopy's. This property offers investors the opportunity to acquire a key medical asset with excellent history, reputation, and stable long-term passive cash flow. Located right off a major thoroughfare, this location offers great access for patients and physicians, while sitting in the shadow of the renowned University of Notre Dame. Offering an exceptional location, outstanding accessibility, abundant amenities and stable cash flow, the Michiana Gastroenterology building represents an excellent core investment with low risk.

    Approximately One Mile to the Renowned University of Notre Dame, Over 14,000 Students and Academic Staff, $11.96 Billon Endowment.

    Points of Interest & Demographic Radii

    Points of Interest
    Demographic Radii
    POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
     

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    South Bend Area Market Trends

    Listing Demographics for 17501 Generations Drive South Bend, IN 46635

    All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

    1-Mile 3-Miles 5-Miles
    Total Population5,91664,665159,069
    Population Median Age453837
    Population by Age0-9 Yrs510 (8%)5851 (9%)19149 (12%)
    10-19 Yrs472 (7%)10361 (16%)24489 (15%)
    20-29 Yrs769 (12%)13543 (20%)27092 (17%)
    30-39 Yrs945 (15%)7423 (11%)19418 (12%)
    40-49 Yrs494 (8%)6398 (9%)18158 (11%)
    50-59 Yrs716 (12%)6469 (10%)17876 (11%)
    60-69 Yrs1012 (17%)7473 (11%)17677 (11%)
    70+ Yrs998 (16%)7147 (11%)15208 (9%)
    Median HH Income$55,254$52,304$48,080
    Total Household Income< 24K725 (27%)5452 (22%)15377 (25%)
    25-49K494 (18%)6451 (26%)15596 (25%)
    50-74K511 (19%)4422 (17%)10732 (17%)
    75-99K361 (13%)2651 (10%)6500 (10%)
    100-199K461 (17%)4166 (16%)9136 (15%)
    200K+96 (3%)1518 (6%)2845 (4%)
    Highest Education LevelNo Diploma535319511377
    Diploma or GED1156930428403
    Some College847757620060
    Assoc. Degree24628707730
    Bachelors Degree964902418590
    Higher Degree767793814288
    Total Housing Units3,14629,48771,201
    --Owner-Occupied1,70013,86436,874
    --Renter-Occupied94810,79723,312
    Owner-Occupied Values< 100K350360915314
    100-199K1161639313243
    200-299K13420854263
    300-399K489492040
    400-499K0258730
    500K+75691284
    Total Working Age Population5,06554,599126,880
    In Work Force2,92732,79879,241
    Not In Work Force2,13721,80147,640
    Workforce Employed2,87831,43574,966
    Workforce Unemployed501,2754,160
    Civlian Workforce2,92732,71079,126
    Military Workforce088115
    Total Households2,64824,66160,186
    Family Households1,41013,35235,031
    Non-Family Households1,23811,30925,155
    Married Couple1,04510,02724,216
    Other Family3653,32510,815
    Married w/Child2813,5109,674
    Single Male w/Child724471,314
    Single Female w/Child1341,3275,040

    Population Change Last Two Decades - Plus Projection

    2000%2010%2020%2030
    Indiana6,080,485+76,483,802+46,738,573+47,014,880
    St. Joseph County265,559+1266,931+1269,113+1271,912
    Michigan9,938,444-19,883,640+110,023,423+410,424,510
    Berrien County162,453-3156,813-2153,154+2156,590
    Cass County51,104+252,293-251,383+353,143

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    Total Working Age Population:

    Total Households:

    No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

    While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

    Common Questions and Answers

    What is the asking price for 17501 Generations Drive in South Bend?
    The asking price for 17501 Generations Drive is $2,939,428
    What is the building size of this Office property in South Bend, IN?
    The size of the building/unit at 17501 Generations Drive in South Bend is 9,938 square feet
    What kind of Office is the propery at 17501 Generations Drive?
    The property at 17501 Generations Drive South Bend, IN 46635 is listed as a Medical Office property
    What is the population within 1 mile of 17501 Generations Drive in South Bend?
    The population within 1 mile of 17501 Generations Drive South Bend, IN 46635 is 5,916 people.
    Who do I contact for questions about 17501 Generations Drive?
    You should contact the listing agent, Ryan Moore, for any details regarding this commercial listing.

    Closest Commercial Airports

    Airport Distance (mi)
    South Bend Regional Airport (SBN) 6
    Fort Wayne International Airport (FWA) 73
    Chicago Midway International Airport (MDW) 80
    Price
    $2,939,428
    Listing Agent
    Listing Co-Agent
    Ryan Moore - CRE Agent at Marcus & Millichap

    Liam Childs

    Independent Agent
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