4615 Miami St South Bend, IN 46614
- Retail space
- 7,200 SF
- 1.95 lot acres
Current Use by Public Records
- Arby's / Deli / Takeout Restaurant
- Pizza Hut / Pizza Delivery / Chicken Wings Restaurant
- Kyle F. Hoskins, OD / Optometrist
- ION Optical- Dr. Kyle Hoskins O.D. / Optometrist
- Kyle Frederick Hoskins / Optometrist
Property Details for 4615 Miami St
- Year built
- 1970
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 1.95 lot acres
- Property size
- 7,200 SF
- Property type
- Retail space
- APN
- 71-08-25-426-015.000-002
- APU
- 710825426015000002
Description
This 10,238 square foot, single-story Class B retail building, constructed in 1970 and renovated in 2007, offers a 3,150 square foot space for lease. Located in South Bend, Indiana (46614), on a 1.77-acre lot (APN: 71-08-25-426-015.000-002), this property boasts a prime location at a fully signalized intersection. The building sits on an outlot of Erskine Plaza, adjacent to a Martin's Supermarket and Menard's, and across from a major retail center anchored by Target, Old Navy, Kohl's, PetSmart, and TJ Maxx. Other nearby retailers include Kroger, Staples, Walmart, and Lowe's, ensuring high visibility and traffic. The available suite features prominent east endcap placement with windows on two exterior walls and ample parking. Pylon and building signage opportunities are available. The zoning is CB. This property presents a unique opportunity for businesses seeking high-traffic exposure in a thriving commercial area. The minimum divisible space is 3,150 square feet, and the maximum contiguous space is also 3,150 square feet. Current tenants include Arby's, Pizza Hut, and Ion Optical.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $410,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $540,000
- 6.5%
- $460,000
- 7%
- $535,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $450,000
- Geo Method
- $490,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $550,000
- Retail
- $545,000
- Mixed-Use
- $495,000
- Hospitality
- $515,000
- Educational
- $500,000
- Residential Income
- $575,000
- Energy
- $480,000
- Income-Based Land
- $590,000
- Food Service
- $460,000
Location Insight
- Map
- Local Demand
- City
- South Bend
- County
- St. Joseph
- State
- Indiana
- Longitude
- -86.2355
- Latitude
- 41.6276
- CBSA code
- 43780
- CBSA name
- SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA