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6B (3)
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01-03-12 Packet
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6B (3)
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11/1/2012 11:49:31 AM
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RELOCATION COST POTENTIAL <br />Bars on the market: <br />Dunham Inn (2008), $175,000 <br />Plus costs to bring it up to code (no longer grand fathered) <br />Phis moving costs <br />Plus professional services for zoning, special exceptions, and design services <br />Yakety Yak, Mishawaka IN, currently on the market for $250,000 <br />Plus costs to bring it up to code (no longer grand fathered) <br />Plus moving costs <br />Plus professional services for zoning, special exceptions, and design services <br />Conservative estimated costs: <br />Rehab for code: $15,000 <br />Moving costs: $5,000 <br />Professional services: $10,000 <br />Total estimated costs: $30,000 <br />Buildings currently on the market in South Bend: <br />4005 Western Ave, 2,520 sf, $179,000 <br />3617 McKinley, 2,000 sf, $195,000 <br />17911 SR 23, 2,880 sf, $165,000 <br />Plus build out to accommodate a bar & meet code <br />Plus moving costs <br />Plus professional services for zoning, special exceptions, and design services <br />Conservative estimated costs: <br />Build out: $30,000 <br />Moving costs: $5,000 <br />Professional services: $10,000 <br />Total estimated costs: $45,000 <br />These costs are likely to be much higher. For example, the private club was required by <br />the Building and Fire Departments to make $56,290 in building improvements, and they <br />are not open to the general public. <br />Costs for bathroom and ingress / egress requirements to meet the Americans with <br />Disability Act, bar installation (including coolers, sinks, ice machine, etc), emergency <br />lighting and exit signage, smoke detectors and alert system, and fire wall protection <br />would all be required by these two departments. <br />
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