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Property profile & analytics
OFF-MARKET
Strip malls

1801 Bnd Ave South Bend, IN 46637-5637

8,862 SF 2.42 ac lot Built 1981
Entity Owned 13-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US31-1493735
Property summary
AI-generated overview

The Campus Shoppes, a well-established multi-tenant retail center, offers exceptional office and retail space just east of the University of Notre Dame on South Bend Avenue (SR 23). This high-traffic location boasts three available suites: two retail spaces, measuring 2,375 and 2,500 square feet respectively, and a larger 11,000-square-foot office suite. The total building size is 32,658 square feet, with a minimum divisible space of 2,375 square feet and a maximum contiguous space of 11,000 square feet. The property is zoned as a Neighborhood Center and situated in St. Joseph County within a thriving commercial corridor between Edison Road and Ironwood Drive. Benefit from proximity to hundreds of new student apartments, creating a strong potential customer base. The area offers a diverse mix of established businesses including Martin's Supermarket, Starbucks, and several national restaurant chains, ensuring high visibility and foot traffic. Enjoy convenient access to the University of Notre Dame, downtown South Bend, Saint Mary's College, Holy Cross College, and Indiana University-South Bend (IUSB). Nearby developments include Eddy Street Commons and University Park Mall, further enhancing the location's appeal. Tenants are responsible for a pro-rated share of taxes, insurance, utilities, janitorial services, and trash removal (NNN). This presents a unique opportunity to establish a presence in a vibrant and strategically located commercial center.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1981
Construction WOOD
Total area 8,862 SF
Lot 2.42 ac (105,415 SF)
APN 71-04-31-452-010.000-004
UPID US31-1493735
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
  • Studebagels (Bike/Boat/Book/etc) Store Bakery
  • Campus Shoppes Business Service Center Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Midfirst Bank · 13 yrs held
Midfirst Bank
since 2013
4 recorded transactions
2024
Price N/A
2019
Price N/A
2013
Price N/A
2007
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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