23761 Western Ave South Bend, IN 46619
This exceptional Class A retail property, located at 23761 Western Ave, South Bend, Indiana, presents a unique investment opportunity. The 3,410 square foot building, constructed in 2003, sits on a 0.89-acre lot and boasts an impressive $262.46 price per square foot. Previously a bank branch, the property features convenient amenities including an ATM and drive-thru canopy. However, its B-Business zoning allows for versatile adaptation to suit a variety of commercial uses. An additional 0.89 acres of contiguous land is available for purchase, presenting significant expansion potential for larger developments. The property enjoys excellent visibility and accessibility, situated on Western Avenue (SR 2), less than a mile from the SR 2 and US 31 Bypass interchange. This high-traffic corridor location places the property within a thriving commercial and retail area, surrounded by complementary businesses and residential neighborhoods. Recent street improvements, including new sidewalks and enhanced lighting, further enhance the property's appeal. The property's proximity to downtown South Bend (just 4 miles west) and major roadways like US 31 provides unparalleled convenience and accessibility. The APN is 71-08-08-152-023.000-025. Asking price is $895,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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