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    2221 South Michigan St South Bend, IN 46601

    For Sale
    $559,000

    Operating restaurant with expansion potential and four upstairs apartments.

    Property size:
    14,810 SF
    Lot size:
    0.33 Acres

    Property Features for 2221 South Michigan St

    General Information

    Size
    14,810 SF
    Lot size
    0.33 Acres

    Source: Coldwell Banker Commercial | South Bend Agent John Piraccini

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turn-Key Restaurant with Apartment Units

    This property presents an opportunity with an ongoing restaurant situated on the corner of Michigan Street and Ewing Avenue, which sees substantial traffic. The restaurant is well-maintained and turn-key ready for a new owner. The interior features a diner-style bar top, multiple booths and tables, jukeboxes, a small arcade area, and a sizable kitchen. An adjacent retail unit offers the potential to expand the restaurant, host private events, or be leased separately for additional income. The property also includes four upstairs apartments, making it suitable for investors seeking a restaurant client or an alternative use for the property. The property has a size of 14810 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Tom & Lin's Kitchenette American Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    South Bend
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.250204
    Latitude
    41.650775

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    FAQs

    What type of property is this?
    Turn key restaurant - Operating restaurant with expansion potential and four upstairs apartments.
    Where is this turn key restaurant located?
    The property is located at 2221 South Michigan St South Bend, IN.
    What is the asking price?
    The asking price for this property is $559,000.
    What are key features of this property?
    This property features: - Turn-key restaurant opportunity in operation on a high-traffic corner (Michigan St. & Ewing Ave.).; - **Fully equipped restaurant with diner-style bar, booths, tables, jukeboxes, arcade area, and sizable kitchen included.**; - Potential for expansion or additional income through adjacent retail unit.
    (574) 243-9522
    Request Owner's contact information
    2221 South Michigan St South Bend, IN 46601
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    South Bend, IN 46601
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    Realmo Value Estimation

    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.

    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.

    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
    2221 South Michigan St South Bend, IN 46601
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