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    227 Main St South Bend, IN 46601

    For Lease
    $15 SF/Yr

    Historic Main Street Office Building

    Lot size:
    18,298 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This three-story, Class B office building at 227 S Main St, South Bend, IN 46601, offers 18,298 square feet of space, with 8,953 square feet currently vacant. Built in 1928, the property features a total of 42 parking spaces and is situated on a 0.17-acre lot within the South Bend Central Business District. Flexible lease options are available, ranging from 1,000 to 5,312 contiguous square feet. The building's prime location offers easy access to courthouses, a library, and the County City Building. Rent includes taxes, utilities, daily cleaning, snow removal, trash disposal, insurance, and surface parking lot use. Tenants are responsible for their own liability insurance, telephone, and data services. The available 5,312 square foot space is located on the third floor. This is an excellent opportunity for businesses seeking a well-maintained, centrally located office space in a vibrant downtown setting. The property's APN is 71-08-12-156-014.000-026.

    Property Features for 227 Main St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,298 SF
    Class
    B
    Total Rate
    22872.5

    Building Details

    Year Built
    1928
    Buildings
    1
    Stories
    3

    Unit(s) available at that property

    Space
    1st Floor
    Size
    3,641 SF
    Rate per SF
    $15
    Space
    3rd Floor
    Size
    5,312 SF
    Rate per SF
    $15

    HighLights

    • 18,298 SF Class B office building in South Bend's Central Business District.
    • 42 parking spaces on a 0.17‑acre lot.
    • 8,953 SF of vacant space available, with flexible lease options from 1,000 to 5,312 contiguous SF.
    • Prime downtown location near courthouses, library, and County City Building.
    • All‑inclusive rent includes taxes, utilities, cleaning, snow removal, trash, insurance, and parking.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Michiana Speech Lab Speech Pathologist Wagner Dumpster Rental Garbage Dump Service Interlink Group Computer Security Service Indiana Legal Services, ... Legal Services

    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
    -86.2523043
    Latitude
    41.6739843

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    FAQs

    What type of property is this?
    Office Property / Space - Historic Main Street Office Building
    Where is this office property / space located?
    The property is located at 227 Main St South Bend, IN.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 18,298 SF Class B office building in South Bend's Central Business District.; 42 parking spaces on a 0.17-acre lot.; 8,953 SF of vacant space available, with flexible lease options from 1,000 to 5,312 contiguous SF.
    Request Owner's contact information
    227 Main St South Bend, IN 46601
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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
    227 Main St South Bend, IN 46601
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