1106 Plymouth Street Bremen, IN $ 340,000
1106 Plymouth Street
$ 340,000
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1106 Plymouth Street

Bremen, IN, 46506
$ 340,000
Baths2.0 Sq 2,688

Monthly Estimate*

$ 2,375

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Studio

Commercial Property for sale in Bremen, IN

for $340,000 with 2 full baths. This 2,688 square foot building was built in 1983 on a lot size of 0.48.

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

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Commercial Active

Price

$ 340,000

Bedrooms

Studio

Full Bath

2

Property Type

Commercial

Taxes

$ 4,255

Style

Restaurant/Bar

Lot Size

0.48

Year Built

1983

Town/City

Bremen

County/Region

Marshall

MLS | Web ID

202400031

Features
General
Heating Gas Forced Air
Cooling Central Air
Ceiling Height 10'
Roof Rubber
Parking Yes Paved Private
Sewer City
# of Buildings 1
Status Active Active
Bathrooms 2
Year Built 1983
New Construction No
Subdivision None
Stories 1
Township German
Class COMMERCIAL
Present Use Investment Property
Type Restaurant/Bar
Age 40
Business Name El Rancho Viejo
Special Features Handicap Access Office Space Public Restrooms Reception Area Refrigeration/Freezer
REO No
Area Marshall County
Location City
City Bremen
Street Name Plymouth
Legal Description CECIL R BURKET SUB LOT3
Virtual Tour https://www.propertypanorama.com/instaview/irmls/202400031
Agent First Name Nick
Agent Last Name DeMaegd
DOM 131
Tax Year 2023
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Exterior
Road Access City
Exterior Concrete Stucco
Number of Parking Spaces 35
Lot Size Area 20909
Lot Dimensions 140x150
Parking Type Lot paved private
Waterfront Y/N No
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Interior
Flooring Tile
Basement/Foundation Slab
Walls Drywall
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* Excluded Features
List By
Nick DeMaegd

Listing Agent

Century 21 Circle

Broker

demaegd01@gmail.com

Email

Affordability Calculator

$2,730
Per Month
87%
13%
0%
Monthly Principal & Interest
$2,375
Monthly Property Taxes
$355
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1237469 Elementary School
1237627 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/30/2023$340,000 Listed Price

Map


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1106 Plymouth Street, Bremen, IN, 46506 is a Commercial Property for sale at $340,000 with 2,688 sqft and a lot size of 0.48. 1106 Plymouth Street is a studio with 2.0 baths and was built in 1983. The property's zip code is 46506 which is in Bremen, IN