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    501 Lasalle Ave South Bend, IN 46617

    For Lease
    Contact for pricing

    1,856 SF Gas Station - Sublease

    Lot size:
    1,856 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    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 Features for 501 Lasalle Ave

    General Information

    Property type
    Automotive properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,856 SF

    Building Details

    Year Built
    1994
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    1,856 SF

    HighLights

    • Retail fuel station totaling 1,856 square feet.
    • Single‑tenant property.
    • 1.17 acres of land.
    • Built in 1994, one‑story building.
    • Zoned DT.
    • APN: 71‑08‑12‑201‑001.000‑026.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Western Union Money Transfer Service Citibank ATM Atm Mobil Gas Station

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Law Firm 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
    -86.2439862
    Latitude
    41.6794244

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    FAQs

    What type of property is this?
    Automotive property - 1,856 SF Gas Station - Sublease
    Where is this automotive property located?
    The property is located at 501 Lasalle Ave South Bend, IN.
    What are key features of this property?
    This property features: Retail fuel station totaling 1,856 square feet.; Single-tenant property.; 1.17 acres of land.
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    South Bend, IN 46617
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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
    501 Lasalle Ave South Bend, IN 46617
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