Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Two-Story Office Building For Rent Title is generated by Realmo AI

    315-319 W Jefferson Blvd, South Bend, IN

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Well-maintained office building in South Bend's central business district.

    Type:OFFICE
    Property size:
    4,958 SF
    Lot size:
    0.13 Acres
    Added:
    Aug 9, 2023
    Days on Market:
    1028
    Last Refresh:
    May 20 at 8:08 pm

    Property Features for 315-319 W Jefferson Blvd

    General Information

    Standard status
    Active
    Size
    4,958 SF
    Lot size
    0.13 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 315-319 W Jefferson Blvd Contact us

    We can help!

    Listing Contact
    Corey Cressy CCIM
    Corey Cressy CCIM

    Listing agent Corey Cressy CCIM License #RB14026100

    Listing office NAI Cressy Commercial Real Estate - Corporate

    Listing date Aug 9, 2023

    Source Moodyscre

    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 Commercial Real Estate - Corporate

    HighLights

    • FREE RENT!
    • Central business district location in South Bend.
    • Walking distance to City County Building and Four Winds Field.
    • Well‑maintained, 2‑story office building.
    • Many private offices and large open areas.
    • Includes restrooms and kitchenette.

    Overview

    This well-maintained, two-story office building is situated on 0.69 acres within the central business district of South Bend. The 4958 square foot property features many private offices, large open areas, restrooms, and a kitchenette. It is located within walking distance of the City County Building and Four Winds Field.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Law Firm 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.

    Location Insight

    • Map
    • Local Demand
    City
    South Bend
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.2545
    Latitude
    41.6752

    Nearby Similar for Lease

    • $4,200/Mo
      2,429 SF

      Former Bank Building For Lease

      Retail space with drive-thru in high-traffic South Bend location.
      52530 Indiana State Route 933 Route, South Bend, IN 46637
      View Details
    • $129-$4,166/Mo
      11-1,292 SF

      IN, South Bend - Niles Ave

      701 Niles Ave, Unit 3RD, South Bend, IN 46617
      View Details
    • Sponsored
      $129-$8,956/Mo
      11-1,292 SF

      South Bend Business center

      1251 Eddy St, Unit 200, South Bend, IN 46617
      View Details
    • $21 SF/Yr
      1,348 SF

      Remodeled End Cap Retail Space

      Remodeled retail space in South Bend's primary retail corridor.
      119 W Ireland Rd, South Bend, IN 46614
      View Details
    • $13 SF/Yr
      6,760 SF

      Generations Drive Office Suite

      Office suite in South Bend's Foundation Center Office Park.
      53842 Generations Dr, South Bend, IN 46635
      View Details
    • $8 SF/Yr
      2,240 SF

      South Bend Flex/Industrial Suites

      Office and industrial flex suites available in South Bend.
      3371 W. Cleveland Rd., South Bend, IN 46628
      View Details
    • $15 SF/Yr
      12,000 SF

      Downtown South Bend Office Space

      Office space for lease in downtown South Bend near amenities.
      100 W. South St., South Bend, IN 46601
      View Details
    • $25 SF/Yr
      4,750 SF

      Downtown South Bend Retail Suites

      Retail suites available in renovated Liberty Tower, Downtown South Bend.
      213 W Washington, South Bend, IN 46601
      View Details
    • $12 SF/Yr
      3,731 SF

      Class A Office Space Available

      Premier office spaces in South Bend's Ignition Park for lease.
      460 Stull Street , South Bend, IN 46601
      View Details
    • $29 SF/Yr
      3,794 SF

      Retail Space Near Major Interchange

      Retail development with spaces available, anchored by Starbucks.
      4921 W Western Ave, South Bend, IN 46619
      View Details
    • $18 SF/Yr
      1,128 SF

      Office Space with Park Views

      Suites available with scenic river views and ample parking.
      300 S Saint Louis Blvd , South Bend, IN
      View Details
    • $16 SF/Yr
      1,392 SF

      Retail Space in South Bend

      1,392 SF retail space for lease in South Bend.
      3903 Portage Rd., South Bend, IN 46628
      View Details

    FAQs

    What type of property is this?
    Office building - Well-maintained office building in South Bend's central business district.
    Where is this office building located?
    The property is located at 315-319 W Jefferson Blvd South Bend, IN.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: FREE RENT!; Central business district location in South Bend.; Walking distance to City County Building and Four Winds Field.
    (574) 485-1513 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Corey Cressy CCIM
    Corey Cressy CCIM
    Real Estate License ID: RB14026100
    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
    315-319 W Jefferson Blvd, South Bend, IN
    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!