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Mixed-Use Property in Miami Village

1518 Miami Street South Bend, IN 46613

1518 Miami Street, South Bend, IN, 46613

$100,000

For Sale

$100,000

Storefront with attached apartment in a growing area.

Property Size651 SF

Price / SF$153.61

AddedMay 8

Days on Market70

Last RefreshJul 15 at 3:04 pm

Property Features for 1518 Miami Street

General Information

Standard status: Active
Size: 651 SF
Property subtype: Multi Family / Other

Building Details

Year Built: 1922

Listing office Weichert Rltrs-J.Dunfee&Assoc.

Listing date May 8, 2026

Source Compass

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 Weichert Rltrs-J.Dunfee&Assoc.

Investment Insights

Based on property information with market context.

This mixed-use property at 1518 Miami Street, South Bend, IN 46613 offers a storefront and an attached 2-bedroom apartment, presenting opportunities for multiple income streams. The property, situated in Miami Village, includes off-street parking for 2 vehicles. Its location places it near Crooked Ewe, South Bend Farmers Market, Ivy Tech, Witches BrewPub, and LangLab, positioning it within a growing area. The property size is 651 square feet. This property is suitable for an owner-occupant or an investor seeking future cash flow potential.

Key Highlights

Mixed‑use property featuring a storefront and a comfortable 2‑bedroom apartment.
Potential for multiple income streams.
Benefit from off‑street parking for 2 vehicles.

Local Financial Insights For Mixed Use

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$12.9k	$19.80
− Vacancy	−$1.4k	−$2.08
EGI	$11.5k	$17.72
− OpEx	−$4.3k	−$6.65
NOI	$7.2k	$11.08

651 SF · lease $19.80/SF/yr · vacancy 10.50% · expense 37.50%

Alternative Uses

Best Use

Mixed Use

$103.0K

$90.1K – $120.2K (±1% cap)

NOI $7,210 @ 7.0% cap · market cap 7.21%

Second Best

Retail

$91.4K

$80.0K – $106.6K (±1% cap)

NOI $6,398 @ 7.0% cap · market cap 6.40%

Theoretical Best

Office A

$164.7K

$144.1K – $192.2K (±1% cap)

NOI $11,529 @ 7.0% cap · market cap 11.53%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Gladieux TRAVEL Travel Agency

Suggested Use

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For sale
Mixed-use properties
IN
South Bend
46613
1518 Miami Street

What type of property is this?

Mixed-use property - Storefront with attached apartment in a growing area.

Where is this mixed-use property located?

The property is located at 1518 Miami Street South Bend, IN.

What is the asking price?

The asking price for this property is $100,000.

What are key features of this property?

This property features: Mixed‑use property featuring a storefront and a comfortable 2‑bedroom apartment.; Potential for multiple income streams.; Benefit from off‑street parking for 2 vehicles.