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    1823 Michigan St South Bend, IN 46613

    Sponsored
    For Lease
    $3 SF/Yr ($2,499 /Mo)

    Grocery Store Space, Ready to Lease. South Bend, IN.

    Lot size:
    7,614 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 7,614 square foot retail space, located at 1823 S Michigan St in South Bend, Indiana, presents a unique investment opportunity. Situated on a 0.4-acre lot, this single-tenant building boasts a rich history, having previously served as a grocery store. Built in 1925 and extensively renovated in 2019, the property is in excellent condition and ready for immediate occupancy. The building features a single story and offers 15 parking spaces for customer convenience. The zoning is classified as 421. The property's location in South Bend, within St. Joseph County (APN: 71-08-13-305-044.000-026), provides excellent visibility and accessibility. The entire 7,614 square feet is currently vacant and available for lease. The space is fully built out as standard retail space, making it ideal for a variety of uses. Note that the lease rate excludes utilities, property expenses, and building services. This is a prime opportunity to establish a thriving business in a well-established South Bend location. The property's convenient location and ample parking make it an attractive option for potential tenants. Contact us today to learn more about this exceptional retail space.

    Property Features for 1823 Michigan St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,614 SF
    Total Rate
    2499.93

    Building Details

    Year Built/Renovated
    1925/2019
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    7,614 SF
    Rate per SF
    $3
    Property Profile Location Intelligence

    Current Use by Public Records

    Big Jay's Boutique Boutique

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -86.2501779
    Latitude
    41.6547426

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    FAQs

    What type of property is this?
    Individual retail property - Grocery Store Space, Ready to Lease. South Bend, IN.
    Where is this individual retail property located?
    The property is located at 1823 Michigan St South Bend, IN.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    Request Owner's contact information
    1823 Michigan St South Bend, IN 46613
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    South Bend, IN 46613
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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
    1823 Michigan St South Bend, IN 46613
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