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    202 Michigan St South Bend, IN 46601

    Sponsored
    For Lease
    $17 SF/Yr

    Class A Downtown South Bend Office

    Lot size:
    115,348 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 14-story, Class A office building, totaling 115,348 square feet, offers diverse spaces ranging from 740 to 8,210 square feet, ideal for various business sizes. Built in 1969 and renovated in 2008, the Key Bank Building boasts a prime downtown South Bend location, near the University of Notre Dame. The building features a striking façade combining high-performance glass and concrete, with a stunning glass atrium lobby. Three elevators ensure efficient access to all floors. Tenants enjoy amenities such as ample parking in a connected city-owned ramp, FedEx/UPS drop boxes, vending services, and convenient public transportation access. The building offers efficient floorplates with a central core, light-filled offices, redundant fiber optics, and access control. Suites include zoned HVAC systems and customizable interiors. The surrounding area provides a vibrant mix of retail, residential, and entertainment options, including the nearby Eddy Street Commons. Excellent highway access via US-31, US-20, and Interstate 90, along with proximity to South Bend International Airport, enhances connectivity. The building's location benefits from a strong local workforce, with a high percentage of college-educated residents and projected population growth. The property sits on a 0.34-acre lot (14,810 sq ft), with a building floor area ratio of 7.79. Property taxes are $1.41 per square foot. The building is served by Indiana Michigan Power. The zoning is DT - Downtown, and the APN is 71-08-12-158-011.000-026 in St. Joseph County. Ceiling heights range from 9 to 10 feet.

    Property Features for 202 Michigan St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    115,348 SF
    Class
    A
    Total Rate
    168215.83

    Building Details

    Year Built/Renovated
    1969/2008
    Buildings
    1
    Stories
    14

    Unit(s) available at that property

    Space
    101
    Size
    740 SF
    Rate per SF
    $18
    Space
    200
    Size
    8,210 SF
    Rate per SF
    $17
    Space
    300
    Size
    7,738 SF
    Rate per SF
    $17
    Space
    500
    Size
    8,207 SF
    Rate per SF
    $17
    Space
    600
    Size
    8,210 SF
    Rate per SF
    $17
    Space
    1000
    Size
    8,210 SF
    Rate per SF
    $17

    HighLights

    • 14‑story, Class A office building totaling 115,348 square feet.
    • Located in Downtown South Bend, at 202 S Michigan Street, near E Jefferson Blvd.
    • Multiple tenancy options available, ranging from 740 to 8,210 square feet.
    • Built in 1969, renovated in 2008, featuring 9'-0" to 10'-0" ceiling heights.
    • Situated on a 0.34‑acre lot (14,810 sq ft) with a 7.79 FAR.
    Property Profile Location Intelligence

    Current Use by Public Records

    Emerald Forest Landscaping ... Landscaper US Army South ... Military Recruiting Office Judd Leighton Foundation ... Non-Profit Organization Meridian Title Corporation Title Company Key Private Bank Financial Planner

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Law Firm 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
    -86.2494287
    Latitude
    41.674823

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    FAQs

    What type of property is this?
    Office space - Class A Downtown South Bend Office
    Where is this office space located?
    The property is located at 202 Michigan St South Bend, IN.
    What is the lease rate?
    The lease rate is $17-$18 SF/Yr.
    What are key features of this property?
    This property features: 14-story, Class A office building totaling 115,348 square feet.; Located in Downtown South Bend, at 202 S Michigan Street, near E Jefferson Blvd.; Multiple tenancy options available, ranging from 740 to 8,210 square feet.
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    South Bend, IN 46601
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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
    202 Michigan St South Bend, IN 46601
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