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    218 S Frances St South Bend, IN 46617

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    For Sale
    $615,000

    Fully occupied office building in South Bend's East Bank.

    Property size:
    4,356 SF
    Lot size:
    0.29 Acres

    Property Features for 218 S Frances St

    General Information

    Size
    4,356 SF
    Lot size
    0.29 Acres

    Source: NAI Cressy Commercial Real Estate - Corporate Agent Shawn Todd

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

    Overview

    East Bank Village Office Building

    This fully occupied, two-tenant office building is situated in the East Bank Village of South Bend. The property features landscaping and offers private parking at the rear, as well as on-street parking. The building provides an opportunity to add value with its second-floor space. The property has a size of 4356 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Maria C. Guarraci, ... Psychotherapist Freedom Counseling Services, ... Mental Health Service

    Suggested Use

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

    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
    -86.23642
    Latitude
    41.674437

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    FAQs

    What type of property is this?
    Office building - Fully occupied office building in South Bend's East Bank.
    Where is this office building located?
    The property is located at 218 S Frances St South Bend, IN.
    What is the asking price?
    The asking price for this property is $615,000.
    What are key features of this property?
    This property features: - Located in the desirable East Bank Village of South Bend; - Fully Occupied 2 tenant building; - Value add property with 2nd floor space
    (574) 485-1520
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    218 S Frances St South Bend, IN 46617
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    South Bend, IN 46617
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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
    218 S Frances St South Bend, IN 46617
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