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    235 S Michigan St South Bend, IN 46601

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    For Sale
    $700,000

    Four-story building in downtown South Bend with retail and office.

    Property size:
    22,810 SF
    Lot size:
    0.14 Acres

    Property Features for 235 S Michigan St

    General Information

    Size
    22,810 SF
    Lot size
    0.14 Acres

    Source: NAI Cressy Commercial Real Estate - Corporate Agent Ryan Gableman CCIM, SIOR

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

    Overview

    Historic Mixed-Use Building For Sale

    This four-story historic building features multiple retail entrances on the first floor. The upper floors are suitable for office, multifamily, storage, or other uses permitted in the DT-Downtown zoning district. On-street parking is available, with garage parking located adjacent to the west. Situated at a signalized intersection, the property benefits from excellent visibility and foot traffic. The building offers a value-add opportunity in downtown South Bend, with the advantage of low operating costs and property taxes. The property has a total size of 22,810 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Cambodian Thai Thai Restaurant

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Law Firm Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    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
    -86.250777
    Latitude
    41.673842

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    FAQs

    What type of property is this?
    Retail space - Four-story building in downtown South Bend with retail and office.
    Where is this retail space located?
    The property is located at 235 S Michigan St South Bend, IN.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: - Prime downtown location at a signalized intersection with high visibility and foot traffic.; - Versatile DT-Downtown zoning allows for office, multifamily, storage, or other uses.; - Multiple retail entrances on the first floor.
    (574) 485-1502
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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
    235 S Michigan St South Bend, IN 46601
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