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    17868 In-23 South Bend, IN 46635

    Sponsored
    For Sale
    $580,000

    Prime Office Space, High Visibility, $580,000

    Property size:
    4,164 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4,164 square foot office building, located at 17868 SR 23 in South Bend, Indiana, presents a compelling investment opportunity. Built in 1948 and renovated in 1985, this Class B property boasts excellent visibility and frontage on State Road 23, with approximately 215 feet of road frontage on a 0.72-acre lot. Currently configured for two tenants, a portion of the building is leased to a hair salon, while the remaining space is available. The property features convenient amenities including monument signage, two curb cuts, and ample on-site parking. Its strategic location offers easy access to the University of Notre Dame, placing it within minutes of a thriving community. The property benefits from its proximity to new mixed-use developments along the SR 23/South Bend Avenue corridor, further enhancing its investment potential. The asking price is $580,000, translating to $139.29 per square foot. The permitted zoning is O-office, making it ideal for a variety of commercial uses. This property is zoned for office use and offers a unique blend of established tenancy and vacant space ready for immediate occupancy or lease. Don't miss this chance to acquire a well-positioned commercial property in a rapidly developing area.

    Property Features for 17868 In-23

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    4,164 SF
    Class
    B
    Lot Size
    31,363 SF

    Building Details

    Year Built/Renovated
    1948/1985

    HighLights

    • High visibility with monument signage on SR 23.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    South Bend
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.2130512
    Latitude
    41.7013306

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Office Space, High Visibility, $580,000
    Where is this office property / space located?
    The property is located at 17868 In-23 South Bend, IN.
    What is the asking price?
    The asking price for this property is $580,000.
    What are key features of this property?
    This property features: High visibility with monument signage on SR 23.; ;
    (574) 264-2050
    Request Owner's contact information
    17868 In-23 South Bend, IN 46635
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    South Bend, IN 46635
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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
    17868 In-23 South Bend, IN 46635
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