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Property profile & analytics
OFF-MARKET
Banks
17977 Cleveland Rd South Bend, IN 46635-1380
Entity Owned
3-yr Hold
Free & Clear
Property ID
US31-1702172
Property summary
AI-generated overview
This exceptional 2,754 square foot office space, located in a prime South Bend, Indiana location between South Bend and Mishawaka, presents a unique opportunity for businesses seeking high visibility and convenient customer access. Previously a bank branch, the property boasts highly desirable drive-through teller windows, perfect for streamlining customer service. The building's strategic placement ensures excellent traffic counts, guaranteeing a strong customer flow. Furthermore, prominent signage opportunities are available, maximizing your business's visibility and brand recognition. This single-tenant space is ideal for a variety of businesses seeking a well-established location with all the features necessary for success. The lease rate is $14.75 per square foot. Don't miss this chance to secure a high-traffic location with exceptional visibility and convenient features.
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1975
Construction
TYPE NOT SPECIFIED
Total area
2,162 SF
Lot
0.74 ac (32,200 SF)
APN
71-04-20-351-004.000-003
UPID
US31-1702172
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
-
Natcity Investments Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
P Mirkin LLC · 3 yrs held
P Mirkin LLC
since 2023
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs South Bend submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs South Bend submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,460
Tax year 2023
Assessed value
$241,300
Assessed 2023
Previous assessed
$241,300
+0.0% YoY
Effective rate
2.26%
On assessed value
Assessed land
$97,400
Assessed improvement
$143,900
Land market value
$97,400
Improvement market value
$143,900
Total market value
$241,300
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1975
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Total area
2,162 SF
Lot
0.74 ac (32,200 SF)
APN
71-04-20-351-004.000-003
UPID
US31-1702172
Jurisdiction
ST JOSEPH
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1975
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
1
Lot
0.74 ac
Current owner
From public records · entity-resolved
P Mirkin LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1321 SW 178TH WAY, PEMBROKE PINES, FL 33029-4921
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2023
—
P Mirkin LLC
Phillip Mirkin
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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