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    Property profile & analytics

    129 Michigan St South Bend, IN 46601-1603

    • Turn key restaurants
    • 15,536 SF
    • 0.19 lot acres
    OFF-MARKET
    Value Estimation
    $345,000
    Location Intelligence
    Property ID
    US31-1892307
    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

    • Cool Runnings Restaurant & Bar / Jamaican Restaurant
    • Vegetable Buddies / Bar / Banquet Hall

    Property Details for 129 Michigan St

    Year built
    1929
    Construction
    WOOD
    Lot size
    0.19 lot acres
    Property size
    15,536 SF
    Property type
    Turn key restaurants
    APN
    71-08-12-111-012.000-026
    APU
    710812111012000026

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $320,000

    • CAP approach

      CAP return
      Estimation
      6%
      $400,000
      6.5%
      $390,000
      7%
      $375,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $420,000
      Geo Method
      $410,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $370,000
      Retail
      $385,000
      Mixed-Use
      $390,000
      Hospitality
      $430,000
      Educational
      $375,000
      Residential Income
      $365,000
      Energy
      $420,000
      Income-Based Land
      $350,000
      Food Service
      $325,000

    Location Insight

    • Map
    • Local Demand
    City
    South Bend
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.2508
    Latitude
    41.6774
    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
    $8,924
    $33,300
    $230,400
    $263,700
    -
    $33,300
    $230,400
    $263,700

    Comparable in this City

    • Value Estimation by Request
      29,474 SF

      211 Michigan St, Unit 217

      RESTAURANT • 29,474 SF
      211 Michigan St, South Bend, IN 46601-0006
      View Details
    • Value Estimation
      $315,000
      6,170 SF

      119 Michigan St

      RESTAURANT • 6,170 SF
      119 Michigan St, South Bend, IN 46601-1603
      View Details
    • Value Estimation
      $355,000
      15,872 SF

      123 Washington St

      RESTAURANT • 15,872 SF
      123 Washington St, South Bend, IN 46601-1620
      View Details
    • Value Estimation
      $560,000
      15,584 SF

      620 Washington St

      RESTAURANT • 15,584 SF
      620 Washington St, South Bend, IN 46601-1444
      View Details
    • Value Estimation by Request
      0.43 Acres

      521 Washington St

      RESTAURANT • 0.43 Acres
      521 Washington St, South Bend, IN 46601
      View Details
    • Value Estimation
      $280,000
      3,828 SF

      125 Main St, Unit 127

      RESTAURANT • 3,828 SF
      125 Main St, South Bend, IN 46601-1608
      View Details

    Similar Nearby for Sale

    • $559,000
      14,810 SF

      Turn-Key Restaurant with Apartment Units

      Operating restaurant with expansion potential and four upstairs apartments.
      2221 South Michigan St, South Bend, IN 46601
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    • $750,000
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      Historic South Bend Opportunity

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      Historic Mixed-Use Building For Sale

      Four-story building in downtown South Bend with retail and office.
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      High-Visibility Corner Location in South Bend

      Retail or industrial flex space with signage opportunities.
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    • Contact for pricing

      Historic Mixed-Use Hibberd Building

      Historic mixed-use property in South Bend's Central Business District.
      321-325 S Main St, South Bend, IN 46601
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      Downtown South Bend Storefront

      Historic building, 22,810 SF retail space.
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    Similar Nearby for Lease

    • $10 SF/Yr

      Downtown South Bend Restaurant Space

      6,828 SF restaurant space in the heart of downtown.
      123 West Washington St, South Bend, IN 46601
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    • Contact for pricing

      Class A Office Building Sublease

      Class A office space available for sublease in South Bend.
      112 W Jefferson Blvd, South Bend, IN 46601
      View Details
    • $14 SF/Yr
      83,984 SF

      Downtown South Bend Office Space

      Prime South Bend office suites, 722-18,500 sq ft.
      300 Doctor M.l.k. Jr Blvd, South Bend, IN 46601
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    • $10 SF/Yr
      115,000 SF

      Jefferson Centre Office Space

      Downtown South Bend Office & Retail
      105 Jefferson Blvd, South Bend, IN 46601
      View Details
    • $17 SF/Yr
      25,596 SF

      South Bend Retail Space For Lease

      Historic Downtown Retail, High Visibility
      321 Main St, South Bend, IN 46601
      View Details
    • $16 SF/Yr

      Downtown South Bend Mixed-Use Building

      Mixed-use building with retail and office space for lease.
      237 N Doctor M.l.k. Jr Blvd, South Bend, IN 46601
      View Details
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    129 Michigan St
    South Bend, IN 46601-1603
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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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