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    OFF-MARKET
    Grocery and convenience stores

    501 Lasalle Ave, South Bend, IN 46617-2725

    1,856 SF 0.5 ac lot Built 1994
    Entity Owned 2-yr Hold Free & Clear
    Property ID
    US31-1964516
    Property summary
    AI-generated overview

    This single-tenant retail property, located at 501 E Lasalle Ave, offers a 1,856 square foot gas station available for sublease. Built in 1994, the property sits on a 1.17-acre lot and features a single-story building zoned DT (Downtown). The APN is 71-08-12-201-001.000-026. The existing motor fuel equipment will remain in place, along with a branded fuel supply agreement, providing a turnkey opportunity for a new operator. This presents a unique chance to acquire an established business with existing infrastructure. The property's convenient location and established presence make it an attractive investment for those seeking a ready-to-operate gas station. The single-tenant occupancy simplifies management and provides a clear revenue stream. The substantial lot size offers potential for future expansion or development, subject to zoning regulations. This is an exceptional opportunity to acquire a well-positioned, established gas station business with significant upside potential. Serious inquiries only. All information is deemed reliable but not guaranteed.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group CONVENIENCE STORE
    Year built 1994
    Construction WOOD
    Total area 1,856 SF
    Lot 0.5 ac (21,780 SF)
    APN 71-08-12-201-001.000-026
    UPID US31-1964516
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Western Union Bank Credit Union
    • Citibank ATM Atm
    • Mobil Gas Station
    Value estimations
    Realmo proprietary · 4 methods
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    by Request
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    Owner & transaction history
    Greater Lowell Holdings LLC · 2 yrs held
    Greater Lowell Holdings LLC
    since 2024
    1 recorded transaction
    2024
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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