Retail Office Building with
4122 W Western Ave South Bend, IN 46619
4122 W Western Ave, South Bend, IN, 46619
$125,000
Pending
For Sale
$125,000
Pending
Commercial building with an open layout and ample paved parking along Western Avenue in South Bend.
Property Size744 SF
Days on Market247
Property Features for 4122 W Western Ave
General Information
- Standard status
- Pending
- Size
- 744 SF
Listing agency
McColly Real Estate
(219) 671-7777
Listed by
Jory Mattull · License #471020620
(219) 671-7777
Source
Exprealty
Added: Nov 17, 2025 Updated: Jul 22 at 1:48AM Checked: Jul 22 at 1:48AM
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 McColly Real Estate
Investment Insights
Based on property information with market context.
This commercial building offers a flexible open layout suited to a range of storefront and office-type uses. The property includes a paved on-site parking lot and is presented as a well-maintained space for an owner-operator or business requiring straightforward customer access.
Located at 4122 W Western Ave in South Bend, the building benefits from high-visibility frontage on Western Avenue and convenient access to major roads and downtown South Bend. Its setup supports both customer-facing retail and client-service work where a simple, adaptable interior layout is an advantage.
The building contains 744 square feet of commercial space and is positioned on a spacious lot designed to accommodate on-site parking. The combination of flexible interior configuration and parking availability is intended to support operations needing easy arrival and access for customers and clients.
Located at 4122 W Western Ave in South Bend, the building benefits from high-visibility frontage on Western Avenue and convenient access to major roads and downtown South Bend. Its setup supports both customer-facing retail and client-service work where a simple, adaptable interior layout is an advantage.
The building contains 744 square feet of commercial space and is positioned on a spacious lot designed to accommodate on-site parking. The combination of flexible interior configuration and parking availability is intended to support operations needing easy arrival and access for customers and clients.
Key Highlights
- 744 sq. ft. commercial building with a flexible open layout
- Ample paved on‑site parking lot included
- High‑visibility Western Ave frontage in South Bend
Local Financial Insights For Office B
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 | $15.6k | $21.00 |
| − Vacancy | −$2.6k | −$3.53 |
| EGI | $13.0k | $17.47 |
| − OpEx | −$3.2k | −$4.37 |
| NOI | $9.7k | $13.10 |
744 SF · lease $21.00/SF/yr · vacancy 16.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$139.3K
$121.9K – $162.5K
NOI $9,749 @ 7.0% cap · market cap 7.80%
Second Best
Retail
$104.5K
$91.4K – $121.9K
NOI $7,312 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$188.2K
$164.7K – $219.6K
NOI $13,176 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
JOSE VARGAS INSURANCE ...
Insurance Agency
Famers Insurance
Insurance Agency
Vargas Ami
Insurance Agency
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FAQs
What type of property is this?
Storefront property - Commercial building with an open layout and ample paved parking along Western Avenue in South Bend.
Where is this storefront property located?
The property is located at 4122 W Western Ave South Bend, IN.
What is the asking price?
The asking price for this property is $125,000.
What are key features of this property?
This property features: 744 sq. ft. commercial building with a flexible open layout; Ample paved on‑site parking lot included; High‑visibility Western Ave frontage in South Bend
