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Property profile & analytics
FOR SALE
Hotels

3916 Lincoln Way W South Bend, IN 46628

40,328 SF 1.92 ac lot Built 2008
Entity Owned 3-yr Hold ~ Est. High Equity
Property ID
US31-1747160
Property summary
AI-generated overview

This 1.6-acre commercial land parcel, located at 3916 Lincoln Way West in South Bend, Indiana, presents a compelling investment opportunity. Zoned for Neighborhood Center use, this shovel-ready site boasts 325 feet of frontage along Lincoln Way West, a major thoroughfare connecting the US 20/31 interchange and downtown South Bend. Its strategic location less than a mile from the South Bend International Airport and the South Shore Line ensures high visibility and accessibility. The property offers direct curb cut access and readily available municipal utilities, making it ideal for quick development. The Neighborhood Center zoning permits a variety of uses, particularly quick-service restaurants (QSR) and retail establishments. This prime location provides an exceptional chance to capitalize on the significant traffic flow from the airport and the South Shore Line, with the potential to be the first QSR encountered by travelers approaching South Bend from the west. The asking price for this exceptional property is $400,000. The property's zip code is 46628, and it is situated in St. Joseph County.

Property profile
Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 2008
Construction WOOD
Total area 40,328 SF
Lot 1.92 ac (83,635 SF)
APN 71-03-33-377-001.000-026
UPID US31-1747160
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
  • Candlewood Suites South Bend Airport, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$735k
CAP Approach CAP
by Request
Comparable Approach Comparable
$716k
Blend (final) Blend
$725k
Owner & transaction history
Jsk Retail LLC · 3 yrs held
Jsk Retail LLC
since 2023
7 recorded transactions
2023
Price N/A
2022
Price N/A
2021
Price N/A
2020
Price N/A
2019
Price N/A
2017
$2.1M
2006
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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