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    247 Dixie Way South Bend, IN 46637

    Sponsored
    For Lease
    $11 SF/Yr ($8,987 /Mo)

    South Bend, IN: Prime Office & Retail

    Lot size:
    9,804 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional two-story commercial property at 247 N Dixie Way, South Bend, Indiana, 46637, offers a unique blend of retail and office space. The 9,804 square foot building, constructed in 2008, sits on a 0.31-acre lot and features a convenient location near major universities, including the University of Notre Dame, Saint Mary's College, and Holy Cross College. The building boasts high visibility on a high-traffic road. Currently, there are 5,611 square feet of vacant space available, divisible into units ranging from a minimum of 875 square feet to a maximum contiguous space of 3,400 square feet. The ground floor offers excellent retail opportunities, with one 1,400 square foot suite ideal for uses such as a fitness center or studio, and a larger 3,400 square foot suite with prominent street frontage suitable for a restaurant. The second floor comprises four finished office suites, ranging in size from 828 to 1,336 square feet, perfect for professional services or related businesses. This property presents a compelling investment opportunity for businesses seeking a strategic location with flexible space options in a thriving South Bend market. The building consists of one structure with two stories, and is conveniently located near the intersection of Dixie Way and Rhodes. Multiple tenancy options are available.

    Property Features for 247 Dixie Way

    General Information

    Property type
    Coworking space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    9,804 SF
    Total Rate
    8987

    Building Details

    Year Built
    2008
    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    Suite C
    Size
    875 SF
    Rate per SF
    $14
    Space
    Suite D
    Size
    1,336 SF
    Rate per SF
    $14
    Space
    Suite F
    Size
    3,400 SF
    Rate per SF
    $14

    HighLights

    • Highly flexible first‑floor layout adaptable to tenant needs.
    • Recent capital improvements enhance curb appeal and property value.
    • Prime location on high‑traffic US‑33, a major commercial artery between South Bend and Niles.
    • Planned expansion includes additional parking on Rhodes Street.
    • Move‑in ready office suites ranging from 828 to 1326 square feet.
    • High daily traffic counts of 19,862 vehicles on US‑33 (2022 data).
    Property Profile Location Intelligence

    Current Use by Public Records

    Legacy Martial Arts Martial Arts School Purposeful Healing Counseling Mental Health Service

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Clothing Store Nail Salon Food Market Grocery Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    South Bend
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.2508174
    Latitude
    41.7186706

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    FAQs

    What type of property is this?
    Coworking space - South Bend, IN: Prime Office & Retail
    Where is this coworking space located?
    The property is located at 247 Dixie Way South Bend, IN.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Highly flexible first-floor layout adaptable to tenant needs.; Recent capital improvements enhance curb appeal and property value.; Prime location on high-traffic US-33, a major commercial artery between South Bend and Niles.
    Request Owner's contact information
    247 Dixie Way South Bend, IN 46637
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    247 Dixie Way South Bend, IN 46637
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