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    Property profile & analytics
    OFF-MARKET Estimated value $600,000
    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
    $600k
    Owner & transaction history
    Jms Dev LLC · 10 yrs held
    Jms Dev LLC
    since 2016
    2 recorded transactions
    2016
    2014
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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