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Property profile & analytics
FOR SALE
Warehouses

2015 W Western Ave South Bend, IN 46619

200,000 SF 2.65 ac lot Built 1905
Entity Owned 19-yr Hold Free & Clear
Property ID
US31-1213290
Property summary
AI-generated overview

This exceptional investment opportunity presents a remarkable four-story warehouse building, totaling 192,000 square feet, situated on approximately 2.93 acres at 2015 W Western Ave, South Bend, Indiana, 46619. Built in 1905, this iconic structure boasts a rich history as the former Singer Sewing Machine building. The property's prime location on the west side of South Bend offers convenient access to public transportation, being near the bus line, and is also within close proximity to the city's downtown area. The asking price is $389,000, translating to $2.03 per square foot. This presents a unique chance to acquire a substantial industrial property with significant potential for various uses. The building's historical significance and architectural charm provide a distinctive setting for businesses seeking a memorable location. The substantial size and strategic location make this a compelling investment prospect for those seeking a large-scale property in a well-connected area of South Bend. This is a rare opportunity to own a piece of South Bend's history and capitalize on the considerable space and prime location. The property's potential is vast, offering a strong return on investment for the right buyer.

Property profile
Verified
Property type Warehouses
Use group STORAGE YARD, OPEN STORAGE
Year built 1905
Construction TYPE NOT SPECIFIED
Total area 200,000 SF
Lot 2.65 ac (115,434 SF)
APN 71-08-10-251-006.000-026
UPID US31-1213290
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
  • Humble Cuts Barber Shop
  • Navari Student Outreach Clinic Charitable Organization Medical Clinic
  • Communications Workers-America Advocacy Group
  • IBEW Advocacy Group
  • Royalty Staffing Network LLC Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.59M
Blend (final) Blend
$2.19M
Owner & transaction history
Argema Investments INC · 19 yrs held
Argema Investments INC
since 2006
2 recorded transactions
2018
Price N/A
2006
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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