Listing Agency: NAI Cressy - Mishawaka

Listed By: Roy Roelke · License #IN RB14051091 Show Phone

Source: Crexi

Added: Apr 10 Changed: Aug 31 Last Checked: Aug 30 at 9:35PM

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Investment Insights

Based on property information with market context.

This two-level commercial building combines restaurant and retail functionality. The restaurant layout includes an upstairs bar area, a downstairs family dining area, and dedicated carryout space. Retail areas occupy portions of both levels and include a checkout area near the primary entrance, carpeted sections, large open spaces, and high ceilings. Multiple entrances support access throughout the building. Restaurant equipment is not included in the sale.

The property includes parking on the south side of the building and is situated at 305-313 S Michigan St in Lakeville. It is part of the downtown Lakeville area and sits along the main route serving traffic to and from town, South Bend, LaVille, Plymouth, U.S. 4, and U.S. 6. The location is also described as close to Newton Park and a few miles south of South Bend, Indiana.

Key Highlights

• Restaurant layout includes an upstairs bar area, downstairs family dining, and dedicated carryout space
• Retail areas extend across portions of the upstairs and downstairs
• Multiple entrances, high ceilings, carpeted areas, and checkout space near the main entrance

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Building Supply Grocery & Convenience Store (Bike/Boat/Book/etc) Store Catering Service Kitchen & Bath Showroom Auto Repair 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

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

95

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 46536, IN

3,257

Population

1,455

Households

2.2

Avg Household Size

42

Median Age

19%

College-Educated

95%

High-School Grad

29.3 sq mi

ZIP Area

111

Density / Sq Mi

$77,411

Median Household Income

$52,561

Median Earnings

$799

Median Rent

$208,200

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Established restaurant property with dining areas, carryout space, retail areas, and multiple entrances.

Where is this conventional restaurant located?

The property is located at 305-313 S Michigan St Lakeville, IN.

What are key features of this property?

This property features: Restaurant layout includes an upstairs bar area, downstairs family dining, and dedicated carryout space; Retail areas extend across portions of the upstairs and downstairs; Multiple entrances, high ceilings, carpeted areas, and checkout space near the main entrance