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    2240 Prairie Ave South Bend, IN 46614

    For Lease
    $18 SF/Yr ($12,510 /Mo)

    Three suites available, 1,200-2,685 sq ft

    Lot size:
    8,340 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This 8,340-square-foot, single-story Class B retail strip center, built in 2023, is situated on a 1.55-acre lot in St. Joseph County. Located near the intersection of Prairie Avenue and S Olive Street, it offers excellent visibility and convenient access. The property is anchored by Star Liquors and features three available suites: Suite A (1,200 sq ft) is an endcap space with potential for a drive-thru window (subject to city approval), currently featuring installed drywall and partially poured concrete. Suite C (1,485 sq ft) is an inline space adjacent to Star Liquors, also with installed drywall and partially poured concrete. Suite D (1,200 sq ft) is a west endcap space, being finished to "vanilla box" condition with HVAC and electric installed, and partially poured concrete. All suites require tenant installation of HVAC and electric (except Suite D), and tenants are responsible for utilities, insurance, interior maintenance, signage (one building sign and one street pole sign allowed), Wi-Fi, and phone service. Rent ranges from $20 to $25 per square foot, with a $3.50 per square foot CAM fee. The property enjoys a prime location, just half a mile from the Four Winds Casino South Bend, one mile from US 20 Bypass, 2.5 miles from downtown South Bend, 3.5 miles from US 31, four miles from the South Bend International Airport, and five miles from the University of Notre Dame. The zoning is commercial. Minimum divisible space is 1,200 sq ft, with a maximum contiguous space of 2,685 sq ft.

    Property Features for 2240 Prairie Ave

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    8,340 SF
    Class
    B
    Total Rate
    12510

    Building Details

    Year Built
    2023
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite A
    Size
    1,200 SF
    Rate per SF
    $20
    Space
    Suite C
    Size
    1,485 SF
    Rate per SF
    $18
    Space
    Suite D
    Size
    1,200 SF
    Rate per SF
    $22

    HighLights

    • Brand new strip center in South Bend, Indiana.
    • Anchored by Star Liquors.
    • Located half a mile from Four Winds Casino South Bend.
    • Three available suites totaling 3,885 SF: two 1,200 SF and one 1,485 SF.
    • Suite A offers potential drive‑thru window capability (city approval required).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Star Liquors Liquor Store

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Wholesale Shop Hotel & Motel

    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
    -86.281824953173
    Latitude
    41.649823832075

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    FAQs

    What type of property is this?
    Individual retail property - Three suites available, 1,200-2,685 sq ft
    Where is this individual retail property located?
    The property is located at 2240 Prairie Ave South Bend, IN.
    What is the lease rate?
    The lease rate is $18-$22 SF/Yr.
    What are key features of this property?
    This property features: Brand new strip center in South Bend, Indiana.; Anchored by Star Liquors.; Located half a mile from Four Winds Casino South Bend.
    Request Owner's contact information
    2240 Prairie Ave South Bend, IN 46614
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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
    2240 Prairie Ave South Bend, IN 46614
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