Shopping Center with Lease-Up
For Sale
Contact for pricing
4401 W Western Ave, South Bend, IN 46619
99,726 SF center includes vacant 39,500 SF unit plus outparcels and a 1.5-acre ALDI pad site with LOI.
Property Size99,726 SF
Days on Market112
Property Features for 4401 W Western Ave
General Information
Standard status
Active
Size
99,726 SF
Property subtype
Retail
Listing Agency:
Brookwood Capital Advisors - Hamd
Listed By:
Ben Hamd · License #VA 02260227550
Source:
Crexi
Added: Apr 12
Changed: Jul 20
Last Checked: Jul 23 at 1:40PM
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 Brookwood Capital Advisors - Hamd
Investment Insights
Based on property information with market context.
Centre West Shopping Center is a 99,726 SF shopping center in South Bend, Indiana. The offering includes the potential to lease up a vacant 39,500 SF unit and features five outparcels for ground leasing, development, or resale, along with a 1.5-acre pad site. A recently received ALDI LOI contemplates a 15-year base term with eight renewal options of 5 years each and 8% rent escalations every 5 years, starting from a base rent of $115,000.
Two of the outparcels are already leased to Style Savers and MetroPCS, with the remaining outparcels available as part of the sale. The property is scheduled to go for auction on Real Insight Marketplace December 6th–8th, with an opening bid of $1,500,000.
Two of the outparcels are already leased to Style Savers and MetroPCS, with the remaining outparcels available as part of the sale. The property is scheduled to go for auction on Real Insight Marketplace December 6th–8th, with an opening bid of $1,500,000.
Key Highlights
- Centre West Shopping Center offers 99,726 SF of retail space in South Bend, Indiana.
- Includes a vacant 39,500 SF unit, plus potential lease‑up upside.
- ALDI pad site on 1.5 AC with an LOI for a 15‑year base term and eight 5‑year renewal options.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
142k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Shops & Services 35%
Groceries 16%
Apparel 2%
McDonald's
Dining
23,370 visits/mo
0.3 miles
Kroger
Groceries
22,353 visits/mo
0.2 miles
Burger King
Dining
14,746 visits/mo
0.0 miles
Starbucks
Dining
10,693 visits/mo
0.2 miles
Dollar Tree
Shops & Services
10,623 visits/mo
0.3 miles
Demographics for 46619, IN
20,527
Population
8,823
Households
2.3
Avg Household Size
36
Median Age
14%
College-Educated
80%
High-School Grad
23.5 sq mi
ZIP Area
873
Density / Sq Mi
$46,679
Median Household Income
$31,948
Median Earnings
$944
Median Rent
$98,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Shopping center - 99,726 SF center includes vacant 39,500 SF unit plus outparcels and a 1.5-acre ALDI pad site with LOI.
Where is this shopping center located?
The property is located at 4401 W Western Ave South Bend, IN.
What are key features of this property?
This property features: Centre West Shopping Center offers 99,726 SF of retail space in South Bend, Indiana.; Includes a vacant 39,500 SF unit, plus potential lease‑up upside.; ALDI pad site on 1.5 AC with an LOI for a 15‑year base term and eight 5‑year renewal options.
