Retail Storefront with
For Sale
$125,000
4122 W Western Avenue, South Bend, IN 46619
COMMERCIAL - South Bend, IN
Property Size744 SF
Lot Size0.14 Acres
Price / SF$168.01
Days on Market261
Property Features for 4122 W Western Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business
Parking
6
Security features
Security System
Exterior features
Lighting, Storage, Rain Gutters
Lot features
Corner Lot, Paved, Landscaped
Directions
TAKE I-94 E to US-20 E. Take US-20 E (IN-2 E/ Western)to property located at the corner of Western & Edison.
Standard status
Active
APN
710809327001000026
Size
744 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
Lot 546 & W 15.62' 545 Belleville 3rd
Tax Annual Amount
1045
Legal Description
Lot 546 & W 15.62' 545 Belleville 3rd
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1954
Additional Structures
Storage
Listing Agency:
McColly Real Estate
(219) 663-9922
Listed By:
Jory Mattull · License #471020620
(219) 671-7777
Added: Nov 17, 2025
Changed: Aug 4
Last Checked: Aug 5 at 11:06AM
MLS# 830901
Copyright © 2026 Greater Northwest Indiana Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Well-maintained commercial storefront building with a flexible open layout, offering approximately 744 sq. ft. of usable space. The configuration is designed to support a variety of business uses, including retail, office, salon, studio, or a small service business.
Located at 4122 W Western Avenue in South Bend, Indiana, the property provides high-visibility frontage along Western Avenue. On-site parking is available in an ample paved lot, supporting convenient access for customers and clients.
Set on a lot of approximately 0.1425 acres, the building offers a straightforward retail-ready format with dedicated parking for day-to-day operations.
Located at 4122 W Western Avenue in South Bend, Indiana, the property provides high-visibility frontage along Western Avenue. On-site parking is available in an ample paved lot, supporting convenient access for customers and clients.
Set on a lot of approximately 0.1425 acres, the building offers a straightforward retail-ready format with dedicated parking for day-to-day operations.
Key Highlights
- High‑visibility location on bustling Western Avenue with high traffic counts.
- Flexible, open 744 sq. ft. layout suitable for various business types.
- Ample paved on‑site parking, a rare feature for this location.
Financial Insights For Retail
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 | $11.2k | $15.00 |
| − Vacancy | −$714 | −$0.96 |
| EGI | $10.4k | $14.04 |
| − OpEx | −$3.1k | −$4.21 |
| NOI | $7.3k | $9.83 |
744 SF · lease $15.00/SF/yr · vacancy 6.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$104.5K
$91.4K – $121.9K
NOI $7,312 @ 7.0% cap · market cap 5.85%
Second Best
—
—
no second resolved use
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
330
Businesses Nearby
142k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Shops & Services 35%
Groceries 16%
Apparel 2%
McDonald's
Dining
23,370 visits/mo
0.3 miles
Kroger
Groceries
22,353 visits/mo
0.2 miles
Burger King
Dining
14,746 visits/mo
0.0 miles
Starbucks
Dining
10,693 visits/mo
0.2 miles
Dollar Tree
Shops & Services
10,623 visits/mo
0.3 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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Well-maintained storefront on W Western Ave with a flexible open layout and ample paved on-site parking.
Where is this storefront property located?
The property is located at 4122 W Western Avenue 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: High‑visibility location on bustling Western Avenue with high traffic counts.; Flexible, open 744 sq. ft. layout suitable for various business types.; Ample paved on‑site parking, a rare feature for this location.
