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Property profile & analytics
OFF-MARKET Estimated value $270,000
Turn key restaurants

123 Washington St South Bend, IN 46601-1620

15,872 SF 0.17 ac lot Built 1973
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US31-1972088
Property summary
AI-generated overview

This exceptional commercial property at 123 West Washington Street in South Bend, Indiana, presents a unique opportunity for a discerning business owner. Located in St. Joseph County, this single-tenant retail space boasts a total building area of 20,164 square feet, with 6,828 square feet currently vacant. The property is categorized as Retail, Restaurant, and Special Purpose, offering versatility for a wide range of commercial uses. The building's prime location ensures high visibility and accessibility, making it ideal for businesses seeking significant foot traffic. The available space provides ample room for expansion or customization to meet specific operational needs. The property's address is 123 W Washington St, South Bend, IN 46601. Its convenient location within South Bend offers easy access to major transportation routes and a thriving local community. The existing infrastructure is well-maintained, minimizing upfront capital expenditures. This is an excellent opportunity to establish or expand a business in a vibrant and growing market. The flexible layout allows for creative design and efficient space utilization. Serious inquiries are encouraged to explore the potential of this exceptional commercial property.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1973
Construction WOOD
Total area 15,872 SF
Lot 0.17 ac (7,581 SF)
APN 71-08-12-111-007.000-026
UPID US31-1972088
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • El Rancho Viejo Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$270k
Owner & transaction history
Jms Dev LLC · 10 yrs held
Jms Dev LLC
since 2016
2 recorded transactions
2016
Price N/A
2014
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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