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Property profile & analytics
OFF-MARKET
Medical Office Space
225 Notre Dame Ave South Bend, IN 46617-2839
Entity Owned
Free & Clear
Property ID
US31-2284259
Property summary
AI-generated overview
This exceptional 9,922 square foot medical office building, situated on a 0.78-acre lot in South Bend, Indiana's desirable East Bank Village, presents a compelling investment opportunity. Constructed in 1979 and zoned for mixed use, the property boasts a prime location near the South Bend Clinic and benefits from ample on-site parking. Currently fully leased to five established tenants, including Labcorp, Endodontic Services, Periodontics, General Dentistry, and East Race Therapy, this asset provides stable, long-term income via gross leases and on-site building management. The building's location within the thriving East Bank Village offers proximity to downtown South Bend and the University of Notre Dame, ensuring high visibility and accessibility. This rapidly developing area attracts significant commercial and residential investment, making this property a strategic acquisition in a dynamic and growing market. The asking price is $1,200,000. The property address is 225 N Notre Dame Ave, South Bend, IN 46617.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1979
Construction
WOOD
Total area
9,820 SF
Lot
0.39 ac (16,830 SF)
APN
71-08-12-228-015.000-026
UPID
US31-2284259
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
-
Periodontics & Implant Dentistry Dental Office
-
Dr. Branko Alavanja, DDS Dental Office
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Endodontic Services - South Bend Dental Office
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Dr. Scott E. Risser, DDS Dental Office
-
Freid Michael L DDS Dental Office
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
ENDO PROPERTIES LLC
ENDO PROPERTIES LLC
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
$10,264
Tax year 2023
Assessed value
$303,300
Assessed 2023
Previous assessed
$303,300
+0.0% YoY
Effective rate
3.38%
On assessed value
Assessed land
$70,300
Assessed improvement
$233,000
Land market value
$70,300
Improvement market value
$233,000
Total market value
$303,300
Applied tax rate
26.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1979
Construction
WOOD
Heating
NONE
Stories
1
Total area
9,820 SF
Lot
0.39 ac (16,830 SF)
APN
71-08-12-228-015.000-026
UPID
US31-2284259
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
1979
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.39 ac
Current owner
From public records · entity-resolved
ENDO PROPERTIES LLC
Entity
Free & Clear · 0 yrs held
Mailing address
225 N NOTRE DAME AVE, SOUTH BEND, IN 46617-2839
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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