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    50630 State Hwy 933 South Bend, IN 46637

    Sponsored
    For Lease
    $8 SF/Yr

    South Bend, IN Strip Mall - High Traffic Location

    Lot size:
    152,334 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Wedgewood Plaza, located at 50630 State Hwy 933 in South Bend, Indiana, presents a compelling retail investment opportunity. This 152,334 square foot strip center, built in 1962, sits on a 3.5-acre lot and is zoned 71-03-12-332-001.000-003 (APN: Commercial). Currently, 8,793 square feet of space is available, with a minimum divisible unit of 4,062 square feet and a maximum contiguous space of 4,731 square feet. The property boasts excellent visibility and accessibility due to its location on a major thoroughfare, State Highway 933, just south of the Indiana/Michigan border, providing convenient access to both South Bend and Niles, Michigan. The center benefits from ample surface parking and pylon signage opportunities. Existing tenants include Family Dollar and Dollar Tree, ensuring consistent foot traffic. Available spaces feature open floor plans with 11.5-foot ceiling heights and private restrooms. This property offers a strong foundation for a variety of retail businesses seeking a high-traffic location at an attractive price point in St. Joseph County, zip code 46637. The property's location near the Michigan state line provides access to a larger consumer base.

    Property Features for 50630 State Hwy 933

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    152,334 SF
    Total Rate
    111076.88

    Building Details

    Year Built
    1962

    Unit(s) available at that property

    Space
    50698
    Size
    4,062 SF
    Rate per SF
    $8
    Space
    50680
    Size
    4,731 SF
    Rate per SF
    $8

    HighLights

    • 4,031 SF and 4,731 SF suites available, combinable.
    • Low triple‑net (NNN) rent: $1.65/SF.
    • Abundant surface parking with pylon signage opportunity.
    • High visibility and traffic counts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Map

    City
    South Bend
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.250232
    Latitude
    41.757786

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    FAQs

    What type of property is this?
    Neighborhood center - South Bend, IN Strip Mall - High Traffic Location
    Where is this neighborhood center located?
    The property is located at 50630 State Hwy 933 South Bend, IN.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: 4,031 SF and 4,731 SF suites available, combinable.; Low triple-net (NNN) rent: $1.65/SF.; Abundant surface parking with pylon signage opportunity.
    Request Owner's contact information
    50630 State Hwy 933 South Bend, IN 46637
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    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
    50630 State Hwy 933 South Bend, IN 46637
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