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    Property profile & analytics

    1509 Michigan St South Bend, IN 46613

    • Office buildings
    • 0.15 lot acres
    For Sale
    View listing
    $85,000
    Value Estimation
    Location Intelligence
    Property ID
    US31-1614528
    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

    • Office buildings

    Property Details for 1509 Michigan St

    Year built
    1959
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.15 lot acres
    Property type
    Office buildings
    APN
    71-08-13-156-027.000-026
    APU
    710813156027000026

    Description

    This exceptional 0.52-acre commercial land parcel presents a unique investment opportunity in South Bend, Indiana. Located at 1509 Michigan Street, this property boasts 138 feet of frontage on South Michigan Street (US 31), a major thoroughfare with a daily traffic count of 12,158 vehicles. The property's strategic location places it just south of Ivy Tech Community College, ensuring high visibility and accessibility. Zoned NC - Neighborhood Center, the land offers versatile development potential, accommodating a range of uses including storefront retail, professional offices, medical and dental clinics, and restaurants. The parcel is surrounded by a mix of commercial and residential properties, creating a vibrant and established neighborhood. The property's APN is 71-08-13-156-025.000-026

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    South Bend
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.2504
    Latitude
    41.6587
    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
    $349
    $7,400
    $2,900
    $10,300
    -
    $7,400
    $2,900
    $10,300

    Comparable in this City

    • Value Estimation by Request
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      1902 Fellows St

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      1405 Ewing Ave

      OFFICE (GENERAL) • 19,004 SF
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    • Value Estimation
      $90,000
      1,344 SF

      1951 Fox St

      OFFICE (GENERAL) • 1,344 SF
      1951 Fox St, South Bend, IN 46613-3551
      View Details

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      South Bend Industrial Land Parcel

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    1509 Michigan St
    South Bend, IN 46613
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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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