Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2628 Michigan St South Bend, IN 46614-1043

    • Office Properties & Spaces
    • 6,942 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimation
    $275,000
    Location Intelligence
    Property ID
    US31-1585595
    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

    • Priority Risk Management Inc / Home Insurance Agency / Life Insurance Agency
    • Webster Stephen D / Insurance Agency

    Property Details for 2628 Michigan St

    Year built
    1968
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Property size
    6,942 SF
    Property type
    Office Properties & Spaces
    APN
    71-08-24-176-001.000-026
    APU
    710824176001000026

    Description

    This 3,539-square-foot single-tenant office building, constructed in 1968, is located at 2628 S. Michigan Street in South Bend, Indiana, within St. Joseph County (zip code 46614). Classified as a Class B property, it sits on a 0.13-acre lot and offers excellent visibility from a high-traffic area. The building features multiple private offices, open work areas, a break room, and a conference room, making it suitable for a variety of businesses. A full basement provides ample storage space. The building benefits from its corner location at the intersection of S. Michigan Street and Irvington Avenue, ensuring high visibility and signage opportunities. S. Michigan Street (US 31) experiences approximately 15,000 vehicles daily, providing significant exposure. The property's convenient location is just 1.3 miles from the US 31 Bypass and 2 miles from the downtown Central Business District. Surrounding the property are other commercial businesses and residential neighborhoods.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $260,000

    • CAP approach

      CAP return
      Estimation
      6%
      $295,000
      6.5%
      $330,000
      7%
      $330,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $315,000
      Geo Method
      $285,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $275,000
      Retail
      $340,000
      Mixed-Use
      $265,000
      Hospitality
      $315,000
      Educational
      $315,000
      Residential Income
      $345,000
      Energy
      $280,000
      Income-Based Land
      $265,000
      Food Service
      $255,000

    Location Insight

    • Map
    • Local Demand
    City
    South Bend
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.2493
    Latitude
    41.6469
    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
    $4,880
    $8,100
    $136,100
    $144,200
    -
    $8,100
    $136,100
    $144,200

    Comparable in this City

    • Value Estimation by Request
      17,372 SF

      1150 Kern Rd

      OFFICE (GENERAL) • 17,372 SF
      1150 Kern Rd, South Bend, IN 46614-6472
      View Details
    • Value Estimation by Request
      24,006 SF

      3402 Locust Rd

      OFFICE (GENERAL) • 24,006 SF
      3402 Locust Rd, South Bend, IN 46614-3917
      View Details
    • Value Estimation by Request
      4,692 SF

      62900 Us 31st S

      OFFICE (GENERAL) • 4,692 SF
      62900 Us 31st S, South Bend, IN 46614-4831
      View Details
    • Value Estimation
      $340,000
      11,008 SF

      2421 Michigan St

      OFFICE (GENERAL) • 11,008 SF
      2421 Michigan St, South Bend, IN 46614-1041
      View Details
    • Value Estimation
      $370,000
      8,528 SF

      3006 Michigan St

      OFFICE (GENERAL) • 8,528 SF
      3006 Michigan St, South Bend, IN 46614-1712
      View Details
    • Value Estimation
      $305,000
      2,464 SF

      4105 Michigan St

      OFFICE (GENERAL) • 2,464 SF
      4105 Michigan St, South Bend, IN 46614-2545
      View Details

    Similar Nearby for Sale

    • $599,000
      7,280 SF

      Office Building with Security System

      Office building featuring high-tech security and flexible space.
      22988 Ireland Rd, South Bend, IN 46614
      View Details
    • $499,900
      0.27 Acres

      Historic Mixed-Use South Bend Property

      Historic Studebaker building with commercial and residential zoning.
      3030 S Michigan St, South Bend, IN 46614
      View Details
    • $61,900
      0.25 Acres

      South Bend Residential Land - Dice St.

      0.25-acre lot, upscale South Bend community.
      737 Dice St, South Bend, IN 46614
      View Details
    • $61,900
      0.31 Acres

      South Bend Residential Land - 0.31 Acres

      Build Your Dream Home in South Bend!
      520 Yoder St, South Bend, IN 46614
      View Details
    • $699,000

      Commercial Land in South Bend

      9.64 acres of commercial land with utilities on site.
      498 W Chippewa Ave, South Bend, IN 46614
      View Details
    • $1,761,392

      Land Available for Sale

      Land available for purchase at 7151 Us 31 S, South Bend.
      7151 Us 31 S, South Bend, IN 46614
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      1,700 SF

      Erskine Plaza Retail Space

      South Bend retail space, 1700 sq ft.
      912 Erskine Plz, South Bend, IN 46614
      View Details
    • $18 SF/Yr
      8,340 SF

      Brand New South Bend Retail Space

      Three suites available, 1,200-2,685 sq ft
      2240 Prairie Ave, South Bend, IN 46614
      View Details
    • $2,600 /Mo

      Retail/Office Space on Ireland Road

      Retail/office space in a high-traffic South Bend location.
      505 E Ireland Rd, South Bend, IN 46614
      View Details
    • $8 SF/Yr

      Move-in Ready Office Space Available

      Excess office space with shared amenities and dedicated parking.
      2508 S Main St, South Bend, IN 46614
      View Details
    • $15 SF/Yr
      13,723 SF

      South Bend Medical Office Building

      13,723 SF Medical/Retail Space For Sale/Lease
      2042 Ireland Rd, South Bend, IN 46614
      View Details
    • $17 SF/Yr
      10,238 SF

      South Bend Retail Space Available

      High-traffic retail center, 3,150 SF available
      4615 Miami St, South Bend, IN 46614
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2628 Michigan St
    South Bend, IN 46614-1043
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.