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    2015 Western Ave South Bend, IN 46619

    Sponsored
    For Sale
    $389,000

    192,000 SF Warehouse - $389,000

    Property size:
    192,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a remarkable four-story warehouse building, totaling 192,000 square feet, situated on approximately 2.93 acres at 2015 W Western Ave, South Bend, Indiana, 46619. Built in 1905, this iconic structure boasts a rich history as the former Singer Sewing Machine building. The property's prime location on the west side of South Bend offers convenient access to public transportation, being near the bus line, and is also within close proximity to the city's downtown area. The asking price is $389,000, translating to $2.03 per square foot. This presents a unique chance to acquire a substantial industrial property with significant potential for various uses. The building's historical significance and architectural charm provide a distinctive setting for businesses seeking a memorable location. The substantial size and strategic location make this a compelling investment prospect for those seeking a large-scale property in a well-connected area of South Bend. This is a rare opportunity to own a piece of South Bend's history and capitalize on the considerable space and prime location. The property's potential is vast, offering a strong return on investment for the right buyer.

    Property Features for 2015 Western Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    192,000 SF

    Building Details

    Year Built
    1905
    Buildings
    1
    Stories
    4

    HighLights

    • $389,000 asking price for this industrial warehouse.
    • 192,000 square foot warehouse.
    • $2.03 per square foot.
    • 1905 construction year.
    • Four‑story building on approximately 2.93 acres in South Bend, Indiana.
    Property Profile Location Intelligence

    Current Use by Public Records

    Humble Cuts Barber Shop Navari Student Outreach ... Free Clinic Communications Workers-America Labor Union IBEW Labor Union Royalty Staffing Network ... Employment Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    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
    -86.2794746
    Latitude
    41.6726444

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    FAQs

    What type of property is this?
    Distribution property - 192,000 SF Warehouse - $389,000
    Where is this distribution property located?
    The property is located at 2015 Western Ave South Bend, IN.
    What is the asking price?
    The asking price for this property is $389,000.
    What are key features of this property?
    This property features: $389,000 asking price for this industrial warehouse.; 192,000 square foot warehouse.; $2.03 per square foot.
    Request Owner's contact information
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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
    2015 Western Ave South Bend, IN 46619
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