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    1107 Lincoln Way South Bend, IN 46616

    • Drive through restaurants
    • 788 SF
    • 0.56 lot acres
    For Sale
    View listing
    $400,000
    Value Estimation
    Last Sale
    Sep 16, 2024
    Location Intelligence
    Property ID
    US31-2082257
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Lincoln way Chicken & Fish / Restaurant
    • Cerado / Bakery / Service Establishment

    Property Details for 1107 Lincoln Way

    Year built
    1990
    Construction
    WOOD
    Lot size
    0.56 lot acres
    Property size
    788 SF
    Property type
    Drive through restaurants
    APN
    71-08-02-334-003.000-026
    APU
    710802334003000026

    Description

    This exceptional 0.99-acre commercial land parcel presents a remarkable redevelopment opportunity in South Bend, Indiana. Strategically located on Lincolnway West, between the city's downtown area and the South Bend Airport, this property boasts exceptional visibility and high traffic counts exceeding 18,000 vehicles daily. The site includes two existing buildings, offering flexibility for various uses. The first building, situated at 1107 Lincolnway West, is a 788 square foot restaurant featuring two drive-thru windows and two walk-up service windows, making it ideal for a fast-casual or carry-out establishment. All restaurant equipment is included in the sale. The second building, located at 1119 Lincolnway West, comprises 1,420 square feet and is configured as a service center with two overhead doors and an attached office, suitable for a variety of service-oriented or sales businesses. This property's prime location and existing infrastructure make it perfect for a range of commercial ventures, including discount retail, drive-thru restaurants, or other businesses seeking high visibility and convenient access. The asking price for this exceptional redevelopment opportunity is $400,000. Don't miss this chance to acquire a highly desirable commercial property in a thriving South Bend location. The property is located in St. Joseph County, Indiana, with a zip code of 46616.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $265,000

    • CAP approach

      CAP return
      Estimation
      6%
      $310,000
      6.5%
      $315,000
      7%
      $310,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $300,000
      Geo Method
      $295,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $300,000
      Retail
      $275,000
      Mixed-Use
      $355,000
      Hospitality
      $280,000
      Educational
      $365,000
      Residential Income
      $350,000
      Energy
      $280,000
      Income-Based Land
      $285,000
      Food Service
      $330,000

    Location Insight

    • Map
    • Local Demand
    City
    South Bend
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.2664
    Latitude
    41.6835
    CBSA code
    43780
    CBSA name
    SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,352
    $31,300
    $38,200
    $69,500
    -
    $31,300
    $38,200
    $69,500

    Comparable in this City

    • Value Estimation by Request
      504 SF

      917 Lincoln W Way

      DRIVE-THRU RESTAURANT, FAST FOOD • 504 SF
      917 Lincoln W Way, South Bend, IN 46616-1126
      View Details
    • Value Estimation
      $315,000
      2,196 SF

      701 Portage Ave

      RESTAURANT • 2,196 SF
      701 Portage Ave, South Bend, IN 46616-1341
      View Details
    • Value Estimation by Request
      0.29 Acres

      713 Lincoln W Way

      PARKING LOT • 0.29 Acres
      713 Lincoln W Way, South Bend, IN 46616
      View Details
    • Value Estimation by Request
      1,140 SF

      927 Portage Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,140 SF
      927 Portage Ave, South Bend, IN 46616-1415
      View Details
    • Value Estimation by Request
      1,701 SF

      1521 Portage Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,701 SF
      1521 Portage Ave, South Bend, IN 46616-1739
      View Details
    • Value Estimation by Request
      5,541 SF

      1005 Portage Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,541 SF
      1005 Portage Ave, South Bend, IN 46616-1417
      View Details

    Similar Nearby for Sale

    • $400,000

      Lincolnway West Redevelopment Opportunity

      Redevelopment opportunity on Lincolnway West, South Bend. Approximately 1 acre.
      1107 Lincoln Way West, South Bend, IN 46616
      View Details
    • Contact for pricing
      8,000 SF

      High-Visibility Retail Space, South Bend

      8,000 SF Corner Lot, High Traffic
      1405 Portage Ave, South Bend, IN 46616
      View Details
    • $400,000
      0.99 Acres

      Lincolnway West Redevelopment Opportunity

      Prime South Bend commercial land, high traffic.
      1107 Lincoln Way, South Bend, IN 46616
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      9,300 SF

      South Bend Retail Space Available

      High-visibility corner lot, 9,300 sq ft.
      1405 Portage Ave, South Bend, IN 46616
      View Details
    • Contact for pricing
      9,300 SF

      High-Visibility Retail Space in South Bend

      9,300 SF Retail Space - Excellent Location
      1405 Portage Ave, South Bend, IN 46616
      View Details
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    1107 Lincoln Way
    South Bend, IN 46616
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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
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