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    300 E Lasalle Ave South Bend, IN 46617

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    300 E Lasalle Ave South Bend, IN 46617

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    • Retail space
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    LaSalle Avenue Retail/Office Space For Lease
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    LaSalle Avenue Retail/Office Space

    First floor suite in luxury apartment building, ideal for retail/office.

    300 E Lasalle Ave, South Bend, IN 46617
    View Listing
    Property ID
    US31-1725354
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • 300 East Lasalle Apartments / Apartment Complex / Apartment Building
    • Henslin Medical Group / Medical Group

    Property Details for 300 E Lasalle Ave

    Year built
    2021
    Property type
    Retail space
    Property subtype
    Office Units

    Description

    This 1st floor suite opens up on the newly rebuilt LaSalle Avenue in the 1st floor of the luxury 300 East apartment building. With large glass windows and doors facing LaSalle, street parking, surface lot parking, and an attached parking garage. This spot is ideal for either office or retail uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    South Bend
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.247373
    Latitude
    41.680286

    Comparable in this City

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      1,128 SF

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      Retail Space For Lease

      Retail space available for lease in South Bend, Indiana.
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    • $27 SF/Yr

      Prime Retail Space in South Bend

      Restaurant/retail space in a mixed-use development with high visibility.
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      Retail Space in South Bend

      Prime retail location in the heart of South Bend, Indiana.
      1144 Corby Blvd, South Bend, IN 46617
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      2,975 SF

      Office Building Near Downtown

      Office building with ample parking and downtown access for rent.
      319 N Niles Ave, South Bend, IN 46617
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    Similar Nearby for Sale

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      54,180 SF

      Waterfront Office Building for Sale

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      East Bank Village Office Building

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      Prime Redevelopment Opportunity Near Notre Dame

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    • $750,000
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      Triplex Near Notre Dame

      Residential investment opportunity near Notre Dame with student rental history.
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    • New
      $200,000
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      Residential Land Near Notre Dame

      Vacant lot near Notre Dame with existing garage.
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    Similar Nearby for Lease

    • $18 SF/Yr
      1,128 SF

      Office Space with Park Views

      Suites available with scenic river views and ample parking.
      300 S Saint Louis Blvd, South Bend, IN 46617
      View Details
    • Contact for pricing

      Versatile Workspace Solutions Available

      Flexible office spaces, coworking, meeting rooms, and virtual offices.
      1251 N Eddy St, South Bend, IN 46617
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in South Bend, Indiana.
      1234 N Eddy St, South Bend, IN 46617
      View Details
    • $27 SF/Yr

      Prime Retail Space in South Bend

      Restaurant/retail space in a mixed-use development with high visibility.
      1144 Corby Blvd, South Bend, IN 46617
      View Details
    • Contact for pricing

      Retail Space in South Bend

      Prime retail location in the heart of South Bend, Indiana.
      1144 Corby Blvd, South Bend, IN 46617
      View Details
    • Contact for pricing
      2,975 SF

      Office Building Near Downtown

      Office building with ample parking and downtown access for rent.
      319 N Niles Ave, South Bend, IN 46617
      View Details
    View Listing
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    300 E Lasalle Ave
    South Bend, IN 46617
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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