Mixed-Use Property with Liquor
For Sale
$1,700,000
325 W Marion St, South Bend, IN 46601
Downtown commercial property combining a package liquor store, bar and restaurant operation, office building, and billboard income components.
Property Size9,769 SF
Price / SF$174.02
Days on Market48
Property Features for 325 W Marion St
General Information
Standard status
Active
Size
9,769 SF
Site & Location
Neighborhood
Chapin Park
Building Details
Year Built
1925
Buildings
2
Listing Agency:
Tiffany Group Real Estate Advisors LLC
Listed By:
Tyler Glenn · License #RB17002052
(574) 404-6360
Source:
Kmsrealestategroup
Added: Sep 11
Changed: Oct 25
Last Checked: Oct 7 at 3:34PM
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 Tiffany Group Real Estate Advisors LLC
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Investment Insights
Based on property information with market context.
This 9,769-square-foot mixed-use commercial property was built in 1925 and includes a grandfathered package liquor store alongside a bar and restaurant. The bar and restaurant currently have an operator in place, while the package liquor component offers a separate operating opportunity.
The sale also includes an additional commercial office building and a billboard. The office building is leased, and the billboard is under lease as well, adding distinct commercial components to the property. Located in Downtown South Bend, the property combines retail, hospitality, office, and advertising uses within one offering.
The sale also includes an additional commercial office building and a billboard. The office building is leased, and the billboard is under lease as well, adding distinct commercial components to the property. Located in Downtown South Bend, the property combines retail, hospitality, office, and advertising uses within one offering.
Key Highlights
- 9,769‑square‑foot mixed‑use commercial property
- Grandfathered package liquor store included
- Bar and restaurant currently operated by an existing operator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$112,521
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,250,420
$2.3M
Cap Rate 7%
$1,607,443
$1.6M
Cap Rate 9%
$1,250,233
$1.3M
Market Conditions
NOI Build-Up for 9,769 SF
Gross rent
$158.3K $16.20/SF
− Vacancy
−$8.2K −$0.84/SF
EGI
$150.0K $15.36/SF
− OpEx
−$37.5K −$3.84/SF
NOI
$112.5K $11.52/SF
Area
South Bend, IN
Vacancy
5.20%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,250,420
Cap Rate 7%
$1,607,443
Cap Rate 9%
$1,250,233
Alternative Uses
Best Use
Specialty Retail
$1.61M
$1.41M – $1.88M
NOI $112,521 @ 7.0% cap · market cap 6.62%
Second Best
Mixed Use
$1.55M
$1.35M – $1.80M
NOI $108,198 @ 7.0% cap · market cap 6.36%
Theoretical Best
Office A
$2.47M
$2.16M – $2.88M
NOI $173,000 @ 7.0% cap · market cap 10.18%
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
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,807
Businesses Nearby
70k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 68%
Shops & Services 18%
Hotels & Casinos 13%
McDonald's
Dining
24,546 visits/mo
0.3 miles
Burger King
Dining
13,202 visits/mo
0.2 miles
Taco Bell
Dining
9,932 visits/mo
0.2 miles
DoubleTree by Hilton Hotel South Bend
Hotels & Casinos
6,144 visits/mo
0.4 miles
Family Dollar
Shops & Services
5,322 visits/mo
0.3 miles
Demographics for 46601, IN
5,947
Population
2,862
Households
2.1
Avg Household Size
35
Median Age
22%
College-Educated
81%
High-School Grad
2.0 sq mi
ZIP Area
2,974
Density / Sq Mi
$27,080
Median Household Income
$26,835
Median Earnings
$784
Median Rent
$131,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown commercial property combining a package liquor store, bar and restaurant operation, office building, and billboard income components.
Where is this mixed-use property located?
The property is located at 325 W Marion St South Bend, IN.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 9,769‑square‑foot mixed‑use commercial property; Grandfathered package liquor store included; Bar and restaurant currently operated by an existing operator
