Realmo Analytics

Unlock property reports, ownership, financials, or compile property list owners likely to sell.

Property profile

2240 Prairie Ave South Bend, IN 46614

FOR LEASE
Retail space
Property ID
US31-2183506
9,500 SF 1.38 ac lot Built 2022
Last sale Oct 2022 · $200,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

This 8,340-square-foot, single-story Class B retail strip center, built in 2023, is situated on a 1.55-acre lot in St. Joseph County. Located near the intersection of Prairie Avenue and S Olive Street, it offers excellent visibility and convenient access. The property is anchored by Star Liquors and features three available suites: Suite A (1,200 sq ft) is an endcap space with potential for a drive-thru window (subject to city approval), currently featuring installed drywall and partially…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$10k
Tax billed · 2023
Assessed value$304k
Assessed land$25k
Assessed improvement$279k
Effective rate3.38%

Value estimate

· Oct 2026
$215k
$194k – $237k
AI approach$240k
NOI build-up
Gross scheduled income$22k
Vacancy & credit loss−$1k
Operating expenses−$6k
NOI · 81,083.33% cap applied$15k

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$89/SF
Submarket average, outlier-cleaned · 19 recorded sales of this use type
Observed band · Q1–Q3$30 – $132
Qualifying comparables4

Cap rate analysis

How does the asset earn?
81,083.33%
$15k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionST JOSEPH

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency13.2
Hair Salon10.7
Building Supply9.9

Location

2240 Prairie Ave South Bend, IN 46614
County assessor Recorded deeds · 5 transfers 4 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 18 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
6210 Us 31st S, South Bend, IN 46614-5307 $300,000 May 2023 9,948 SF
800 Ireland, South Bend, IN 46614-2663 $525,000 Nov 2021 10,860 SF
4322 Michigan, South Bend, IN 46614 $945,000 Mar 2021 7,540 SF
222 Ireland, South Bend, IN 46614-2654 $640,000 Dec 2020 6,400 SF
206 Ireland, South Bend, IN 46614-2506 $4,180,000 Mar 2020 8,536 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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