Auto Shop with Four Service
3217 W Western Avenue, South Bend, IN 46619
For Sale
$350,000
A brick facility pairs vehicle-service areas with a reception space and installed shop equipment.
Property Size4,230 SF
Price / SF$82.74
Days on Market124
Property Features for 3217 W Western Avenue
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Traffic Count
Highway Access
Automotive
Service Bays
Automotive Uses
Additional Details
Real Estate Included
Amenities
lifts
tool cabinets
tire machines
air compressors
reception area
bathroom
Concrete,Drywall
Concrete,Part Carpet
No
Yes
City
19 feet
Dirt,Gravel,Stone
Aluminum,Brick,Concrete
lot
10454
86 x 120
brick
0.24
Building Details
Year Built
Buildings
Stories
Construction
Listing Agency:
Cressy & Everett - South Bend
Listed By:
Cynthia Simmons-Taylor
(574) 485-4409
Source:
Hoslerrealty
Added: Jul 9
Changed: Nov 8
Last Checked: Nov 8 at 7:11PM
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 Cressy & Everett - South Bend
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Investment Insights
Based on property information with market context.
This 4,230-square-foot brick commercial building is configured for automotive service, with four bays and 16-by-12-foot overhead doors. The bays include lifts, tool cabinets, two tire machines, and two air compressors. A reception area and bathroom are also part of the building. The property is being sold as-is.
The site occupies a 0.24-acre double lot on Western Avenue in South Bend’s business district. Commercial General zoning is noted. The location is approximately seven minutes from downtown South Bend, less than 10 minutes from US-31 and the US-20 Bypass, and about 40 minutes from I-94. Reported roadway traffic is 25,000+ cars per day.
The site occupies a 0.24-acre double lot on Western Avenue in South Bend’s business district. Commercial General zoning is noted. The location is approximately seven minutes from downtown South Bend, less than 10 minutes from US-31 and the US-20 Bypass, and about 40 minutes from I-94. Reported roadway traffic is 25,000+ cars per day.
Key Highlights
- Four vehicle‑service bays with 16'x12' overhead doors
- 4,230‑square‑foot brick commercial building on a 0.24‑acre double lot
- Shop equipment includes lifts, tool cabinets, two tire machines, and two air compressors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,752
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$575,040
$575.0K
Cap Rate 7%
$410,743
$410.7K
Cap Rate 9%
$319,467
$319.5K
Market Conditions
NOI Build-Up for 4,230 SF
Gross rent
$43.1K $10.20/SF
− Vacancy
−$2.1K −$0.49/SF
EGI
$41.1K $9.71/SF
− OpEx
−$12.3K −$2.91/SF
NOI
$28.8K $6.80/SF
Area
South Bend, IN
Vacancy
4.80%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$575,040
Cap Rate 7%
$410,743
Cap Rate 9%
$319,467
Alternative Uses
Best Use
Retail
$593.9K
$519.7K – $692.9K
NOI $41,572 @ 7.0% cap · market cap 11.88%
Second Best
Industrial
$410.7K
$359.4K – $479.2K
NOI $28,752 @ 7.0% cap · market cap 8.21%
Theoretical Best
Office A
$1.07M
$936.4K – $1.25M
NOI $74,910 @ 7.0% cap · market cap 21.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
4
Service bays
25,000 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
13k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 91%
Electronics 9%
AutoZone
Shops & Services
4,063 visits/mo
0.5 miles
Family Dollar
Shops & Services
3,790 visits/mo
0.1 miles
Phillips 66
Shops & Services
3,522 visits/mo
0.2 miles
Cricket Wireless Authorized Retailer
Electronics
1,146 visits/mo
0.3 miles
U-Haul
Shops & Services
928 visits/mo
0.1 miles
Demographics for 46619, IN
20,527
Population
8,823
Households
2.3
Avg Household Size
36
Median Age
14%
College-Educated
80%
High-School Grad
23.5 sq mi
ZIP Area
873
Density / Sq Mi
$46,679
Median Household Income
$31,948
Median Earnings
$944
Median Rent
$98,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- CandZautomotives — 4312 Meadow Ln, South Bend, IN 46619
- FE MOTORS INC — 3417 W Sample St, South Bend, IN 46619
- Floyd's Body Shop — 3105 W Sample St, South Bend, IN 46619
- Pequeno Auto Services — 4014 W Western Ave, South Bend, IN 46619
- Pequeno's Towing Service — 4014 w western ave, south bend, in 46619
Frequently Asked Questions
What type of property is this?
Auto shop - A brick facility pairs vehicle-service areas with a reception space and installed shop equipment.
Where is this auto shop located?
The property is located at 3217 W Western Avenue South Bend, IN.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Four vehicle‑service bays with 16'x12' overhead doors; 4,230‑square‑foot brick commercial building on a 0.24‑acre double lot; Shop equipment includes lifts, tool cabinets, two tire machines, and two air compressors
