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Property profile & analytics
FOR LEASE
Retail space

3903 Portage Rd South Bend, IN 46628

18,393 SF 2.17 ac lot Built 2005
Entity Owned Free & Clear
Property ID
US31-1796596
Property summary
AI-generated overview

This exceptional 1-acre commercial land parcel presents a remarkable investment opportunity in South Bend, Indiana. Located at 3903 Portage Road, this property boasts a prime location on the rapidly developing northwest side of the city, directly north of a Walmart Supercenter and the Clocktower Lane retail center. The site offers significant potential for a variety of commercial uses, including a freestanding restaurant or a small multi-tenant retail building. Built in 2005, the land is fully serviced with all utilities readily available on-site. A key advantage is the potential for cross-easement access from the adjacent Walmart, allowing for shared parking opportunities and enhanced customer convenience. The property's design thoughtfully incorporates retention and drainage systems, ensuring efficient land use. Nearby new businesses include a KFC across the street and a Jimmy John's in a Meijer outlot, indicating a thriving and expanding commercial corridor. This 1-acre lot provides ample space for development, making it an ideal location for businesses seeking high visibility and accessibility in a rapidly growing area. The property is zoned for commercial use and is offered at an attractive asking price of $335,000. This is a NNN lease type property with multi-tenancy potential. The property is situated in St. Joseph County, Indiana, with a zip code of 46628.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2005
Construction TYPE NOT SPECIFIED
Total area 18,393 SF
Lot 2.17 ac (94,673 SF)
APN 71-03-22-301-006.000-009
UPID US31-1796596
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 UPS Store Courier Service Postal Service
  • WIN Home Inspection - South Bend Home Inspector
  • Joe Z Tailoring & Alterations (Bike/Boat/Book/etc) Store
  • Tlc Well Service LLC Construction Company General Contractor
  • JMHC Solutions Home Health Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.78M
Comparable Approach Comparable
$2.43M
Blend (final) Blend
$2.60M
Owner & transaction history
DFZ PORTAGE PROPERTIES LLC
DFZ PORTAGE PROPERTIES LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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