1222 Western Ave South Bend, IN 46601-2754
This exceptional 4,744 square foot retail property, located at 1222 W Western Ave in South Bend, Indiana, presents a unique investment opportunity. Built in 1919, this beautifully maintained building boasts a striking exterior of old brick, granite, and limestone. The large rectangular structure measures approximately 70 feet long by 34 feet wide, with each of its two floors offering roughly 2,372 square feet of usable space. The interior layout is adaptable to various floor plans and uses, and both floors feature high ceilings. The property sits on a 0.2-acre lot and includes approximately 10 parking spaces directly east of the building. Situated on the western edge of South Bend's Commercial Business District, this location benefits from a blend of retail, residential, and mixed-use properties. The City of South Bend offers funding for façade and other building improvements, adding further value to this already attractive investment. The asking price is $258,000, translating to $54.38 per square foot. The property is zoned for commercial use and represents a rare chance to acquire a substantial, historic building in a thriving urban area.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Risks
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