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Two-Tenant Office Building
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218 S Frances St, South Bend, IN 46617

Fully occupied two-tenant office building with second-floor space and private rear parking plus on-street parking.

Property Size4,356 SF
Price / SF$141.18
Days on Market537

Property Features for 218 S Frances St

General Information

Standard status Active
Size 4,356 SF
Property subtype OFFICE
Occupancy 100%

Amenities

landscaped property

Building Details

Buildings 1
Tenancy Multi
Listing Agency: NAI Cressy Commercial Real Estate - Corporate
Listed By: Shawn Todd · License #RB14043602
Source: Moodyscre
Added: Mar 26, 2025 Changed: Sep 5 Last Checked: Sep 12 at 11:01AM

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

Investment Insights

Based on property information with market context.

This fully occupied two-tenant office building offers a compact, functional layout with dedicated private parking at the rear and additional on-street parking. The property includes second-floor space, providing flexibility for tenants that need office use across multiple levels. Building size is 4,356 SF.

Located in the East Bank Village area of South Bend, Indiana, the property benefits from a mix of rear and street parking options for employees and visitors. The exterior is established and maintained, supporting day-to-day tenant operations.

For office users evaluating a multi-tenant structure, the combination of existing occupancy and available second-floor space can support straightforward leasing and day-to-day continuity.

Key Highlights

  • 4,356 SF two‑tenant office building
  • Fully occupied two‑tenant configuration
  • Second‑floor space included

Property Analytics

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Current Use

Maria C. Guarraci, ... Psychotherapist Freedom Counseling Services, ... Crisis Center

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Nail Salon Locksmith Catering Service Florist Barber Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,435
Businesses Nearby

Demographics for 46617, IN

9,813
Population
5,502
Households
1.8
Avg Household Size
35
Median Age
60%
College-Educated
96%
High-School Grad
2.6 sq mi
ZIP Area
3,774
Density / Sq Mi
$73,700
Median Household Income
$37,331
Median Earnings
$1,422
Median Rent
$231,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Fully occupied two-tenant office building with second-floor space and private rear parking plus on-street parking.
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: 4,356 SF two‑tenant office building; Fully occupied two‑tenant configuration; Second‑floor space included
(574) 485-1520 Call to check price and availability
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