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SALES COMPARISON <br />The following sales are observed and summarized. <br />Address <br />Date <br />Price <br />Size <br />Yr Bit <br />$/SF/T <br />1211 Mishawaka <br />Feb-21 <br />$ 85,000 <br />1,482 <br />1929 <br />$ 57.35 <br />52627 US 31N <br />Apr-20 <br />$ 430,000 <br />5,588 <br />1978 <br />$ 76.95 <br />417 S. Main <br />Jan-23 <br />$ 250,000 <br />2,852 <br />1967 <br />S 87.66 <br />24092 SR 2 <br />Nov-21 <br />$ 210,000 <br />2,256 <br />1912 <br />$ 93.09 <br />52820 SR 933 <br />Aug-21 <br />$ 400,000 <br />4,050 <br />1976 <br />$ 98.77 <br />4304 LWE <br />Jul-21 <br />$ 350,000 <br />3,300 <br />1968 <br />$ 106.06 <br />These sales are at least mostly of buildings offering food services and at least some which had <br />alcohol sales. The subject is observed to fall towards the top of this range by location and <br />condition. My analysis identifies the unit value at $106/ SF. <br />$106 x 2,709 SF = $287,154 R$287,000. <br />My opinion of the market value of the fee simple interest as of 2/5/2024 is $287,000. <br />Written: 2/19/2019 <br />Page 15 <br />