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Historic Restaurant Building
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115 W Colfax Ave., South Bend, IN 46601

Three levels combine dining areas, commercial kitchens, restrooms and a deck suited to outdoor service or private events.

Space Size11,327 SF
Lot Size0.18 Acres
Days on Market16

Property Features for 115 W Colfax Ave.

General Information

Standard status Active
Size 11,327 SF
Lot size 0.18 Acres
Property subtype Retail

Additional Details

Patio Yes

Amenities

elevator/lift
built-in walk-in coolers/freezers

Building Details

Year Built 1868
Stories 3
Building Size 11,327 SF
Construction brick

Spaces For Lease

at 115 W Colfax Ave.
#1 Active
Size 11,327 SF
Contact us
Listing Agency: NAI Cressy - Mishawaka
Listed By: Christian Davey · License #RB14049113
Source: Crexi
Added: Sep 21 Changed: Oct 1 Last Checked: Oct 5 at 6:56PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Cressy - Mishawaka

Investment Insights

Based on property information with market context.

This 11,327-square-foot restaurant property occupies 0.18 acres and was constructed in 1868. Its three stories contain dining space, restrooms and a commercial kitchen on the first floor; a restroom and 26' x 22' wood deck with pergola on the second; and a 54-foot oak bar, two restrooms and another commercial kitchen on the third. Built-in walk-in coolers and freezers are located in the basement. Two stairwells and a 400-pound elevator/lift connect the floors. Renovations took place during the 1990s and 2000s, and the building is listed on the National Register of Historic Places.

The property is directly adjacent to the Morris Performing Arts Center in downtown South Bend. Parking options include an approximately 2,500-square-foot paved and landscaped area north of the building, a nearby existing garage, a new city-owned garage adjacent to the property as part of the Seven Diamonds mixed-use development, and common street parking.

Key Highlights

  • 11,327‑square‑foot, three‑story restaurant building on 0.18 acres
  • Listed on the National Register of Historic Places; constructed in 1868
  • Commercial kitchens on the first and third floors, with built‑in walk‑in coolers/freezers in the basement

Property Analytics

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Current Use

Lasalle Kitchen & Tavern Restaurant LaSalle Grill Restaurant

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Furniture & Home Goods Pet Grooming Service Nail Salon Cosmetic Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,177
Businesses Nearby
64k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 74% Hotels & Casinos 15% Shops & Services 11%
McDonald's Dining
24,546 visits/mo 0.2 miles
Burger King Dining
13,202 visits/mo 0.1 miles
Taco Bell Dining
9,932 visits/mo 0.1 miles
DoubleTree by Hilton Hotel South Bend Hotels & Casinos
6,144 visits/mo 0.2 miles
Fifth Third Bank & ATM Shops & Services
3,955 visits/mo 0.1 miles

Demographics for 46601, IN

5,947
Population
2,862
Households
2.1
Avg Household Size
35
Median Age
22%
College-Educated
81%
High-School Grad
2.0 sq mi
ZIP Area
2,974
Density / Sq Mi
$27,080
Median Household Income
$26,835
Median Earnings
$784
Median Rent
$131,600
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Three levels combine dining areas, commercial kitchens, restrooms and a deck suited to outdoor service or private events.
Where is this conventional restaurant located?
The property is located at 115 W Colfax Ave. South Bend, IN.
What are key features of this property?
This property features: 11,327‑square‑foot, three‑story restaurant building on 0.18 acres; Listed on the National Register of Historic Places; constructed in 1868; Commercial kitchens on the first and third floors, with built‑in walk‑in coolers/freezers in the basement
(574) 485-1534 Call to check price and availability
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