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Property profile & analytics
OFF-MARKET Estimated value $15,835,000
Outlet malls

3701 Portage Rd South Bend, IN 46628-6098

203,750 SF 22.36 ac lot Built 1998
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US31-1876214
Property summary
AI-generated overview

This exceptional retail opportunity presents a massive 203,750-square-foot former Walmart Supercenter located at 3701 Portage Rd, South Bend, Indiana, 46628. The property sits on a substantial 22.36-acre lot, offering significant potential for redevelopment or repurposing. Currently vacant, the entire building is available for lease, presenting a unique chance to establish a major presence in a high-traffic area of St. Joseph County. The property is zoned Commercial, allowing for a wide range of uses subject to local approvals. The building's substantial size and prominent location offer unparalleled visibility and accessibility. Given its previous use as a successful supercenter, the property benefits from existing infrastructure and ample parking. This is an ideal location for a large-format retailer, warehouse, distribution center, or other similar commercial enterprise. The property's size and location within South Bend, Indiana, provide exceptional opportunities for significant business growth. Interested parties are encouraged to conduct their own due diligence regarding zoning regulations and potential uses. This is a rare opportunity to acquire a significant retail space in a desirable location.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1998
Construction TYPE NOT SPECIFIED
Total area 203,750 SF
Lot 22.36 ac (974,067 SF)
APN 71-03-22-301-003.000-009
UPID US31-1876214
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
  • Western Union Bank Credit Union
  • Walmart Auto Care Centers Auto Repair Shop
  • Walmart Garden Center Garden Center
  • Walmart Bakery Bakery Specialty Food Shop
  • Walmart Tech Services Tech Support Center (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$16.13M
Blend (final) Blend
$15.84M
Owner & transaction history
Portage Rd Property LLC · 1 yrs held
Portage Rd Property LLC
since 2024
3 recorded transactions
2025
Price N/A
2024
Price N/A
2024
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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