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    23761 Western Ave South Bend, IN 46619

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    23761 Western Ave South Bend, IN 46619


    • Retail properties & Spaces
    • 3,410 SF
    • 0.89 lot acres
    Off-Market

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    Cap Rate Potential
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    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 23761 Western Ave

    Year built
    2003
    Lot size
    0.89 lot acres
    Property size
    3,410 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Banks

    Description

    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.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use


    Location Insight

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    • Local Demand
    City
    South Bend
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.3274
    Latitude
    41.6724
    More about this property
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