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Property profile & analytics
FOR SALE
Turn key restaurants

24460 Adams Rd South Bend, IN 46628

6,610 SF 1.59 ac lot Built 1959
Entity Owned 11-yr Hold Free & Clear
Property ID
US31-1572557
Property summary
AI-generated overview

This exceptional 6,610-square-foot restaurant building, known as the Carriage House, presents a unique investment opportunity in South Bend, Indiana. Situated on a spacious 1.72-acre lot at 24460 Adams Rd, 46628, this single-story, 1959-built establishment boasts significant charm and potential. The property includes a fully equipped chef's kitchen, a convenient patio kitchen, a classic bar area, and ample indoor and outdoor dining spaces. Beautiful gardens and various rooms provide options for private events. The Carriage House name and existing furniture, fixtures, and equipment are available for purchase, offering a seamless transition for a new owner. Abundant parking is provided with 46 spaces in the primary lot. The property's APN is 71-03-18-201-001.000-008. This historic building offers the opportunity to continue its legacy as a high-end dining destination or to be creatively repurposed. The property's prime location in St. Joseph County, Indiana, ensures high visibility and accessibility. This turnkey operation is ready for a new chapter, offering a blend of established success and exciting future possibilities. The asking price is $695,000.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1959
Construction WOOD
Total area 6,610 SF
Lot 1.59 ac (69,260 SF)
APN 71-03-18-201-001.000-008
UPID US31-1572557
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
  • The Carriage House Dining Room Restaurant
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
Latfish 1 LLC · 11 yrs held
Latfish 1 LLC
since 2015
1 recorded transaction
2015
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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