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Property profile & analytics
OFF-MARKET
Grocery and convenience stores

501 Lasalle Ave South Bend, IN 46617-2725

1,856 SF 0.5 ac lot Built 1994
Entity Owned 2-yr Hold Free & Clear
Property ID
US31-1964516
Property summary
AI-generated overview

This single-tenant retail property, located at 501 E Lasalle Ave, offers a 1,856 square foot gas station available for sublease. Built in 1994, the property sits on a 1.17-acre lot and features a single-story building zoned DT (Downtown). The APN is 71-08-12-201-001.000-026. The existing motor fuel equipment will remain in place, along with a branded fuel supply agreement, providing a turnkey opportunity for a new operator. This presents a unique chance to acquire an established business with existing infrastructure. The property's convenient location and established presence make it an attractive investment for those seeking a ready-to-operate gas station. The single-tenant occupancy simplifies management and provides a clear revenue stream. The substantial lot size offers potential for future expansion or development, subject to zoning regulations. This is an exceptional opportunity to acquire a well-positioned, established gas station business with significant upside potential. Serious inquiries only. All information is deemed reliable but not guaranteed.

Property profile
Verified
Property type Grocery and convenience stores
Use group CONVENIENCE STORE
Year built 1994
Construction WOOD
Total area 1,856 SF
Lot 0.5 ac (21,780 SF)
APN 71-08-12-201-001.000-026
UPID US31-1964516
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
  • Citibank ATM Atm
  • Mobil Gas Station
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Greater Lowell Holdings LLC · 2 yrs held
Greater Lowell Holdings LLC
since 2024
1 recorded transaction
2024
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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