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    24460 Adams Rd South Bend, IN 46628

    Sponsored
    For Sale
    $695,000

    Turnkey Restaurant, 6,610 SF, 1.72 Acres

    Property size:
    6,610 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6,610-square-foot restaurant building, known as the Carriage House, presents a unique investment opportunity in South Bend, Indiana. Situated on a spacious 1.72-acre lot at 24460 Adams Rd, 46628, this single-story, 1959-built establishment boasts significant charm and potential. The property includes a fully equipped chef's kitchen, a convenient patio kitchen, a classic bar area, and ample indoor and outdoor dining spaces. Beautiful gardens and various rooms provide options for private events. The Carriage House name and existing furniture, fixtures, and equipment are available for purchase, offering a seamless transition for a new owner. Abundant parking is provided with 46 spaces in the primary lot. The property's APN is 71-03-18-201-001.000-008. This historic building offers the opportunity to continue its legacy as a high-end dining destination or to be creatively repurposed. The property's prime location in St. Joseph County, Indiana, ensures high visibility and accessibility. This turnkey operation is ready for a new chapter, offering a blend of established success and exciting future possibilities. The asking price is $695,000.

    Property Features for 24460 Adams Rd

    General Information

    Property type
    Restaurants
    Square Feet
    6,610 SF
    Lot Size
    74,923 SF

    Building Details

    Year Built
    1959
    Stories
    1

    HighLights

    • Iconic Carriage House restaurant building and 1.72‑acre lot for sale in South Bend, IN.
    • Turnkey restaurant with high‑end dining experience, established clientele.
    • FF&E and the Carriage House name available for purchase.
    • Features chef's kitchen, patio kitchen, bar, indoor/outdoor dining, gardens, and private event spaces.
    • Ample parking with 46 spaces.
    • Historic 6,610 SF building, adaptable for continued restaurant use or creative repurposing.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Carriage House Dining ... Fine Dining Restaurant

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hotel & Motel Auto Parts Store Department Store Skin Care Clinic

    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
    -86.3419141
    Latitude
    41.7511991

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    FAQs

    What type of property is this?
    Restaurant - Turnkey Restaurant, 6,610 SF, 1.72 Acres
    Where is this restaurant located?
    The property is located at 24460 Adams Rd South Bend, IN.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: Iconic Carriage House restaurant building and 1.72-acre lot for sale in South Bend, IN.; Turnkey restaurant with high-end dining experience, established clientele.; FF&E and the Carriage House name available for purchase.
    Request Owner's contact information
    24460 Adams Rd South Bend, IN 46628
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    South Bend, IN 46628
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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
    24460 Adams Rd South Bend, IN 46628
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