Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2015 W Western Ave South Bend, IN 46619

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $389,000

    192,000 SF historic building on 2.93 acres in South Bend.

    Property size:
    192,000 SF
    Lot size:
    2.65 Acres

    Property Features for 2015 W Western Ave

    General Information

    Size
    192,000 SF
    Lot size
    2.65 Acres

    We can help!

    Listing Contact
    Joe Grabill
    Joe Grabill
    Source: Moodyscre

    Listing Agent: Joe Grabill

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

    Learn more

    Property Insight Report

    Overview

    Historic Singer Building For Sale

    Located at 2015 W Western Avenue in South Bend, Indiana, the historic Singer Sewing Machine Company building is available for sale. Constructed in 1900, this four-story building provides approximately 192,000 square feet of space and is situated on a 2.93-acre lot. The property is part of the Singer Manufacturing–South Bend Lathe Co. Historic District, which was listed on the National Register of Historic Places in 1999. Established in 1868, the Singer Manufacturing Company built a cabinet factory in South Bend, utilizing the area's hardwood trees for sewing machine cabinet cases. The company once employed over 3,000 people in the area. This property offers flexible leasing options and potential for redevelopment or adaptive reuse, appealing to value-oriented investors. Its historical significance and proximity to downtown South Bend enhance its attractiveness.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Humble Cuts Barber Shop Navari Student Outreach ... Free Clinic Communications Workers-America Labor Union IBEW Labor Union Royalty Staffing Network ... Employment Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office 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
    -86.281779
    Latitude
    41.674998

    Nearby Similar for Sale

    • $400,000
      0.26 Acres

      Turnkey Tavern with Apartment

      Fully-equipped bar/restaurant with a 2-bedroom apartment and heated garage.
      2209 Kemble Ave, South Bend, IN 46613
      View Details
    • $300,000
      2,394 SF

      Mixed-Use Property in Redevelopment Area

      Established convenience store with living quarters in active redevelopment area.
      1637 Kemble Ave, South Bend, IN 46613
      View Details
    • New
      $750,000
      0.32 Acres

      Historic Church in Downtown South Bend

      Exquisite stone church in downtown South Bend with development potential.
      302 W Washington St, South Bend, IN 46601
      View Details
    • $209,900
      2,104 SF

      Renovated Duplex in South Bend

      Tastefully renovated duplex with two 2-bedroom units in South Bend.
      802 N Olive St, South Bend, IN 46628
      View Details
    • $160,000
      Pending

      South Bend Triplex Investment Opportunity

      Well-maintained triplex with immediate cash flow in South Bend.
      338 N Olive St, South Bend, IN 46628
      View Details
    • New
      $37,500
      2,403 SF

      South Bend Duplex Opportunity

      Duplex in South Bend, Indiana, suitable for investors or homeowners.
      2241 W Washington St, South Bend, IN 46628
      View Details
    • $650,000
      0.12 Acres

      Turn-Key Restaurant Opportunity in South Bend

      High-visibility commercial building with existing kitchen assets in developing corridor.
      2224 W Western Ave, South Bend, IN 46619
      View Details
    • $175,000
      Pending

      South Bend Duplex Investment Opportunity

      Two-story duplex with rental income potential near Mishawaka River Walk.
      3312 Mishawaka Ave, South Bend, IN 46615
      View Details
    • $140,000
      744 SF

      Western Avenue Commercial Building

      744 sq ft commercial space on Western Avenue in South Bend.
      4122 W Western Ave, South Bend, IN 46619
      View Details
    • $149,000
      0.22 Acres

      South Bend Mixed-Use Property

      Commercial building with vacant lot, suitable for mixed-use.
      3601 W Western Ave, South Bend, IN 46619
      View Details
    • $189,000
      1.21 Acres

      South Bend Mixed-Use Opportunity

      Unique mixed-use property with high visibility and endless opportunities.
      1530 S Walnut St, South Bend, IN 46619
      View Details
    • New
      $239,900
      2,526 SF

      Income-Producing Duplex Near Campus

      Duplex near shopping, bypass, and campus, sold as-is.
      920 Merrill Ct, South Bend, IN 46637
      View Details

    FAQs

    What type of property is this?
    Manufacturing property - 192,000 SF historic building on 2.93 acres in South Bend.
    Where is this manufacturing property located?
    The property is located at 2015 W Western Ave South Bend, IN.
    What is the asking price?
    The asking price for this property is $389,000.
    What are key features of this property?
    This property features: - 192,000 sq ft building offering flexible leasing options and redevelopment potential.; - Located on a 2.93-acre lot near downtown South Bend.; - Part of the Singer Manufacturing–South Bend Lathe Co. Historic District.
    (574) 284-2600
    Request Owner's contact information
    2015 W Western Ave South Bend, IN 46619
    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.
    2015 W Western Ave
    South Bend, IN 46619
    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
    2015 W Western Ave South Bend, IN 46619
    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

    We can help!
    Listing Contact
    Joe Grabill
    Joe Grabill
    (574) 284-2600
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.