Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Turnkey Tavern with Apartment Title is generated by Realmo AI

    2209 Kemble Avenue, South Bend, IN 46613

    View on Map
    Claim this Listing
    For Sale
    $400,000

    Restaurant/Bar - South Bend, IN

    Lot size:
    0.26 Acres
    Added:
    Jan 18, 2026
    Days on Market:
    120
    Last Refresh:
    May 18 at 10:06 am

    Property Features for 2209 Kemble Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2
    Parking features
    Off Street, Paved or Surfaced
    Interior features
    Drywall, Living Space, Basement, Delivery Door, Public Restrooms, Ventilating/Exhaust Fans, Ansel System, Refrigeration/Freezer
    Exterior features
    Living Space, Basement, Delivery Door, Public Restrooms, Ventilating/Exhaust Fans, Ansel System, Cable, Refrigeration/Freezer
    Standard status
    Active
    APN
    71-08-14-380-026.000-026
    Lot size
    0.26 Acres

    Taxes and HOA fees

    Tax Annual Amount
    1613.52

    Utilities

    Utilities
    Cable Available
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1927
    Floors in Building
    2
    Flooring type
    Carpet, Tile
    Building materials
    Block
    Roof type
    Rubber, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Greg Gray
    Greg Gray

    Listing agent Greg Gray License #RB14036932

    Listing office Polack Realty 516 W. 14th St., South Bend, IN

    Listing date Jan 18, 2026

    MLS# 202601882 Listing URL

    Copyright © 2026 Greater South Bend-Mishawaka Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Turnkey tavern with a 4‑way liquor license, fully equipped bar, kitchen, furniture, and equipment included.
    • Includes a spacious 2‑bedroom, 1.5‑bath apartment with heated garage, perfect for owner occupancy or rental income.
    • Major mechanicals recently updated: New roof (1 year old) and new furnace & A/C (1 year old).
    • Professionally waterproofed basement with a transferable warranty.
    • Established business with a history of success, meticulously maintained and clean.
    • Amenities include a pool table and dart machines.

    Overview

    This nearly century-old tavern, meticulously maintained and immaculately clean, is available for purchase. The sale includes a fully-equipped bar, a 4-way liquor license, furniture, kitchen equipment, freezers, a pool table, dart machines, dishes, glasses, and silverware. The basement has been professionally waterproofed and comes with a transferable warranty. The roof is approximately 1 year old (flat roof ~15 years), and the furnace and A/C are also just 1 year old. Included in the sale is a spacious 2-bedroom, 1.5-bath apartment with a heated garage, suitable for owner occupancy or rental income. The property is located in South Bend, Indiana, in St. Joseph County, and occupies a lot size of 0.26 acres. This turnkey tavern presents an opportunity to own a thriving business and a piece of local history.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rum Village Inn Bar & Pub

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Simeri's Old Town Tap — 1505 W Indiana Ave, South Bend, IN 46613
    • Lonnie's Bar & Grill — 1989 Prairie Ave, South Bend, IN 46613
    • Rum Village Inn — 2209 Kemble Ave, South Bend, IN 46613
    • Antonio's — 2227 Franklin St, South Bend, IN 46613
    • Ewing Cafe — 111 W Ewing Ave, South Bend, IN 46613

    Location Insight

    • Map
    • Local Demand
    City
    South Bend
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.263761
    Latitude
    41.65111

    Nearby Similar for Sale

    • $565,000

      Iconic Restaurant Opportunity in South Bend

      Turnkey restaurant with established name, furniture, fixtures, and equipment.
      24460 Adams Road, South Bend, IN 46628
      View Details
    • $750,000

      Historic Church in Downtown South Bend

      Exquisite stone church in downtown South Bend with development potential.
      302 W Washington Street, South Bend, IN 46601-1524
      View Details
    • $489,000
      5,000 SF

      Historic Studebaker Office/Home Investment

      Historic mixed-use property with commercial and residential zoning.
      3030 S Michigan Street, South Bend, IN 46614-1712
      View Details
    • $125,000
      744 SF

      Western Avenue Commercial Building

      744 sq ft commercial building on Western Avenue, South Bend.
      4122 W Western Avenue, South Bend, IN 46619
      View Details
    • $300,000
      2,394 SF

      Mixed-Use Property in Redevelopment Area

      Established convenience store with living quarters in South Bend, Indiana.
      1637 KEMBLE AVE, South Bend, IN 46613
      View Details
    • $75,000

      Auto Repair Garage Opportunity

      Auto repair garage with lift and truck garage on southside.
      1536 S Main Street, South Bend, IN 46613
      View Details
    • $189,000

      South Bend Mixed-Use Opportunity

      Unique mixed-use property with high visibility and endless opportunities.
      1530 S Walnut Street, South Bend, IN 46619-4312
      View Details
    • $259,000

      Warehouse with Compressor and Office

      Warehouse with office, bathroom, cooking area, and compressor system.
      19990 State line Road, South Bend, IN 46637
      View Details
    • $469,000

      Retail/Commercial Opportunity on N Dixie

      Excellent visibility, recent improvements, and favorable location.
      211 and 215 N Dixie Way South Bend, IN 46637
      View Details
    • $149,000

      South Bend Mixed-Use Property

      Commercial building with vacant lot, suitable for mixed-use.
      3601 W Western Avenue, South Bend, IN 46619
      View Details
    • $750,000

      Triplex Near Notre Dame

      Residential investment opportunity near Notre Dame with student rental history.
      330 N Sunnyside Street, South Bend, IN 46617
      View Details
    • $1,100,000

      South Bend Net Leased Investment

      Single-tenant net leased investment property in South Bend, Indiana.
      1201-1215 S Michigan St, South Bend, IN 46601
      View Details

    FAQs

    What type of property is this?
    Bar & Pub - Fully-equipped bar/restaurant with a 2-bedroom apartment and heated garage.
    Where is this bar & pub located?
    The property is located at 2209 Kemble Avenue South Bend, IN.
    What is the asking price?
    The asking price for this property is $400,000.
    What are key features of this property?
    This property features: Turnkey tavern with a 4‑way liquor license, fully equipped bar, kitchen, furniture, and equipment included.; Includes a spacious 2‑bedroom, 1.5‑bath apartment with heated garage, perfect for owner occupancy or rental income.; Major mechanicals recently updated: New roof (1 year old) and new furnace & A/C (1 year old).
    (574) 210-7224
    We can help!
    Listing Contact
    Greg Gray
    Greg Gray
    Real Estate License ID: RB14036932
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2209 Kemble Avenue, South Bend, IN 46613
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!