Turnkey Restaurant with Commercial
24460 Adams Road South Bend, IN 46628
24460 Adams Road, South Bend, IN, 46628
$565,000
For Sale
$565,000
COMMERCIAL - South Bend, IN
Property Size6,600 SF
Lot Size1.59 Acres
Price / SF$85.61
Days on Market151
Property Features for 24460 Adams Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Rooms
- Basement
- Parking features
- Off Street
- Standard status
- Active
- APN
- 71-03-18-201-001.000-008
- Lot size
- 1.59 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 242' X 287' NW PT NE SEC 18-38-2E
- Tax Annual Amount
- 3822
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1959
- Flooring type
- Carpet
- Roof type
- Shingle
Listing Agency
RE/MAX Results
(574) 533-9581
1178 Fremont Ct., Goshen, IN
Listed by
Steve Miller · License #RB14020487
(574) 238-1436
Added: Feb 18 Checked: Jul 19 at 1:06 am
MLS# 202605647
Copyright © 2026 Elkhart County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale restaurant property is offered as a turnkey opportunity, including all furniture, fixtures, and equipment, along with the established Carriage House name. The building features a chef’s kitchen built for high-volume service, a separate patio kitchen, a classic bar area, and multiple dining rooms suited for private events and special gatherings.
Set on landscaped grounds with a garden setting and outdoor dining space, the property is currently not in operation and ready for a new owner. The address is 24460 Adams Road, South Bend, IN 46628, within St. Joseph County.
Originally opened as a Brethren Church in 1851, the property is approximately 6,600 square feet on about 1.59 acres, providing a full-service restaurant environment for an owner-operator or restaurateur looking to reimagine the concept.
Set on landscaped grounds with a garden setting and outdoor dining space, the property is currently not in operation and ready for a new owner. The address is 24460 Adams Road, South Bend, IN 46628, within St. Joseph County.
Originally opened as a Brethren Church in 1851, the property is approximately 6,600 square feet on about 1.59 acres, providing a full-service restaurant environment for an owner-operator or restaurateur looking to reimagine the concept.
Key Highlights
- 6,600 SF historic building originally opened as a Brethren Church (1851), now the Carriage House Restaurant
- Chef’s kitchen built for high‑volume service plus a separate patio kitchen for outdoor service
- Multiple dining rooms and a classic bar area for private events and special gatherings
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.3k | $10.20 |
| − Vacancy | −$3.2k | −$0.49 |
| EGI | $64.1k | $9.71 |
| − OpEx | −$19.2k | −$2.91 |
| NOI | $44.9k | $6.80 |
6,600 SF · lease $10.20/SF/yr · vacancy 4.80% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.09M
$950.3K – $1.27M
NOI $76,020 @ 7.0% cap · market cap 13.45%
Second Best
Industrial
$640.9K
$560.8K – $747.7K
NOI $44,862 @ 7.0% cap · market cap 7.94%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $116,880 @ 7.0% cap · market cap 20.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
The Carriage House Dining ...
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Purchase an equipped restaurant with multiple dining rooms, bar area, and a chef’s kitchen plus separate patio kitchen.
Where is this conventional restaurant located?
The property is located at 24460 Adams Road South Bend, IN.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: 6,600 SF historic building originally opened as a Brethren Church (1851), now the Carriage House Restaurant; Chef’s kitchen built for high‑volume service plus a separate patio kitchen for outdoor service; Multiple dining rooms and a classic bar area for private events and special gatherings
