1322 Lincoln Way South Bend, IN 46613
This exceptional investment opportunity encompasses two adjacent mixed-use properties located at 1322 and 1330 Lincolnway East in South Bend, Indiana, totaling 4,420 square feet. Built in 1904, these buildings offer a blend of office and retail space, perfectly suited for a variety of uses. 1322 Lincolnway East comprises 3,098 square feet, distributed across a 2,422-square-foot first floor and a 676-square-foot second floor. Additional space includes a 676-square-foot attic and a 338-square-foot basement (crawl space excluded from total square footage). The adjacent property, 1330 Lincolnway East, offers 1,322 square feet, with 698 square feet on the first floor and 624 square feet on the second floor, plus a 624-square-foot basement (excluded from total square footage). Both properties are zoned Urban Neighborhood Flex (UF), providing flexibility for diverse commercial, residential, and business service uses. The high-traffic location on Lincolnway East ensures excellent visibility and accessibility, situated minutes from Indiana University South Bend's campus, downtown South Bend, and Mishawaka. This prime retail corridor boasts over 12,800 vehicles daily. The asking price for both properties is $185,000. Note that a third property, located at 2222 Lincolnway West, is also available from the same seller.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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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