Fine Dining Restaurant with
New
For Sale
$5,238,500
320 E Colfax Ave, South Bend, IN 46617
Fine dining setting with patio views toward the St. Joseph River and South Bend Museum of Art.
Property Size7,800 SF
Price / SF$671.60
Days on Market3
Property Features for 320 E Colfax Ave
General Information
Standard status
Active
Size
7,800 SF
Property subtype
Restaurant
Lease Type
NNN
Additional Details
Cap Rate
5.25%
Patio
Yes
Amenities
Cascade Sits 1.5 Miles South of the University of Notre Dame, Which Generates an Estimated $3.3 Billion in Annual Economic Impact to the South Bend Region
Construction is Beginning on the Second Luxury Mixed-Use Tower, Adding to the Already Strong Local Demographics
Thriving Community with an Average Household Income of Over $74K within One Mile of the Subject Asset, as of 2025
Subject Sits in Downtown South Bend with a Population of 103k
Parks and Outdoor Recreational Facilities Nearby Include: Seitz Park, South Bend Museum of Art, Morris Performing Arts Center, Bendix Arena, Burke Golf Course, Notre Dame Stadium, and More
Building Details
Building Size
7,800 SF
Listing Agency:
Marcus & Millichap | Indianapolis
(212) 430-5291
Listed By:
Jesse Limon · License #License(s): NY: 10401271892
(212) 430-5291
Source:
Marcusmillichap
Added: Aug 12
Changed: Aug 13
Last Checked: Aug 14 at 3:28AM
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 Marcus & Millichap | Indianapolis
Investment Insights
Based on property information with market context.
This 7,800-square-foot fine dining restaurant includes a patio oriented toward the St. Joseph River and the South Bend Museum of Art. The property is configured as an operating restaurant establishment with a defined dining environment and outdoor area.
The real estate is subject to a triple-net lease guaranteed by Navarre Hospitality Group, a fine dining restaurant operator serving Northern Indiana and Southern Michigan. Eight years remain on the lease, and the percentage rent cap has been reached each year.
The real estate is subject to a triple-net lease guaranteed by Navarre Hospitality Group, a fine dining restaurant operator serving Northern Indiana and Southern Michigan. Eight years remain on the lease, and the percentage rent cap has been reached each year.
Key Highlights
- 7,800‑square‑foot fine dining restaurant
- Patio overlooking the St. Joseph River and South Bend Museum of Art
- Triple‑net lease structure
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,342
Businesses Nearby
62k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 69%
Shops & Services 16%
Hotels & Casinos 15%
McDonald's
Dining
24,546 visits/mo
0.4 miles
Burger King
Dining
13,202 visits/mo
0.5 miles
Marathon
Shops & Services
9,262 visits/mo
0.2 miles
DoubleTree by Hilton Hotel South Bend
Hotels & Casinos
6,144 visits/mo
0.4 miles
Courtyard South Bend Downtown
Hotels & Casinos
3,197 visits/mo
0.4 miles
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fine dining setting with patio views toward the St. Joseph River and South Bend Museum of Art.
Where is this conventional restaurant located?
The property is located at 320 E Colfax Ave South Bend, IN.
What is the asking price?
The asking price for this property is $5,238,500.
What are key features of this property?
This property features: 7,800‑square‑foot fine dining restaurant; Patio overlooking the St. Joseph River and South Bend Museum of Art; Triple‑net lease structure
