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    Property profile & analytics

    1847 Lincoln E Way South Bend, IN 46613-3422

    • Drive through restaurants
    • 2,778 SF
    • 0.70 lot acres
    OFF-MARKET
    Value Estimation
    $295,000
    Location Intelligence
    Property ID
    US31-1817335
    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

    • Orange Julius / Juice Shop
    • Dairy Queen Grill & Chill / Fast Food Restaurant / Ice Cream Shop

    Property Details for 1847 Lincoln E Way

    Year built
    1950
    Construction
    WOOD
    Lot size
    0.70 lot acres
    Property size
    2,778 SF
    Property type
    Drive through restaurants
    APN
    71-09-18-426-003.000-026
    APU
    710918426003000026

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $275,000

    • CAP approach

      CAP return
      Estimation
      6%
      $410,000
      6.5%
      $380,000
      7%
      $385,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $350,000
      Geo Method
      $330,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $350,000
      Retail
      $345,000
      Mixed-Use
      $305,000
      Hospitality
      $385,000
      Educational
      $305,000
      Residential Income
      $375,000
      Energy
      $370,000
      Income-Based Land
      $395,000
      Food Service
      $380,000

    Location Insight

    • Map
    • Local Demand
    City
    South Bend
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.2189
    Latitude
    41.6583
    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
    $3,215
    $24,000
    $71,000
    $95,000
    -
    $24,000
    $71,000
    $95,000

    Comparable in this City

    • Value Estimation
      $300,000
      5,084 SF

      2001 Michigan St

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,084 SF
      2001 Michigan St, South Bend, IN 46613-2317
      View Details
    • Value Estimation
      $365,000
      2,348 SF

      1807 Lincoln E Way

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,348 SF
      1807 Lincoln E Way, South Bend, IN 46613-3422
      View Details
    • Value Estimation
      $295,000
      766 SF

      2021 Michigan St

      DRIVE-THRU RESTAURANT, FAST FOOD • 766 SF
      2021 Michigan St, South Bend, IN 46613-2326
      View Details
    • Value Estimation
      $405,000
      4,395 SF

      1850 Lincoln E Way

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,395 SF
      1850 Lincoln E Way, South Bend, IN 46613-3423
      View Details
    • Value Estimation
      $270,000
      1,800 SF

      1725 Michigan St

      RESTAURANT • 1,800 SF
      1725 Michigan St, South Bend, IN 46613-2219
      View Details
    • Value Estimation
      $275,000
      2,736 SF

      1505 Indiana Ave

      RESTAURANT • 2,736 SF
      1505 Indiana Ave, South Bend, IN 46613-1415
      View Details

    Similar Nearby for Sale

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      Thriving tavern with a spacious apartment, ready for new ownership.
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    • Contact for pricing
      0.10 Acres

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    • Contact for pricing
      0.14 Acres

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      Vacant land close to downtown South Bend and Notre Dame.
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    • Contact for pricing
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      Residential Land in South Bend

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    • $85,000
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    Similar Nearby for Lease

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    • $3 SF/Yr
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      South Bend Retail Space - 7,614 SF

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    • $3 SF/Yr

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      View Details
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    South Bend, IN 46613-3422
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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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