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    Property profile & analytics

    5024 Western Ave South Bend, IN 46619-2312

    • Assisted living facilities
    • 61,781 SF
    • 4.41 lot acres
    OFF-MARKET
    Value Estimation
    $900,000
    Location Intelligence
    Property ID
    US31-0891812
    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.

    Current Use by Public Records

    • Briarcliff Health & Rehabilitation / Rehabilitation Center / Physical Therapist
    • Lee Alan Bryant West Park Health / Mental Health Service
    • SHAYA MOKFI / Internist
    • SPRENGER HEALTH CARE OF MISHAWAKA / Doctor
    • Zaid Hawa / Counselor

    Property Details for 5024 Western Ave

    Year built
    1968
    Construction
    TYPE NOT SPECIFIED
    Lot size
    4.41 lot acres
    Property size
    61,781 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    71-08-08-401-006.000-026
    APU
    710808401006000026

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $865,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,080,000
      6.5%
      $1,070,000
      7%
      $1,125,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,275,000
      Geo Method
      $1,125,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,065,000
      Retail
      $905,000
      Mixed-Use
      $1,250,000
      Hospitality
      $1,110,000
      Educational
      $1,260,000
      Residential Income
      $1,005,000
      Energy
      $1,210,000
      Income-Based Land
      $965,000
      Food Service
      $1,205,000

    Location Insight

    • Map
    • Local Demand
    City
    South Bend
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.3188
    Latitude
    41.6712
    CBSA code
    43780
    CBSA name
    SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $37,682
    $264,600
    $1,208,400
    $1,473,000
    -
    $264,600
    $1,208,400
    $1,473,000

    Comparable in this City

    • Value Estimation
      $600,000
      54,442 SF

      141 Lombardy Dr

      HOMES (RETIRED, NURSING) • 54,442 SF
      141 Lombardy Dr, South Bend, IN 46619
      View Details
    • Value Estimation
      $290,000
      3,584 SF

      4218 Western Ave

      MEDICAL BUILDING • 3,584 SF
      4218 Western Ave, South Bend, IN 46619-2622
      View Details
    • Value Estimation
      $580,000
      24,580 SF

      1901 Western Ave

      MEDICAL BUILDING • 24,580 SF
      1901 Western Ave, South Bend, IN 46619-3569
      View Details
    • Value Estimation by Request
      0.10 Acres

      18 Vac Lot, Unit 1500

      VACANT COMMERCIAL LAND • 0.10 Acres
      18 Vac Lot, South Bend, IN 46619
      View Details
    • Value Estimation by Request
      14.69 Acres

      24013 Fillmore Rd

      INDUSTRIAL - VACANT LAND • 14.69 Acres
      24013 Fillmore Rd, South Bend, IN 46619-1014
      View Details
    • Value Estimation by Request
      0.37 Acres

      18 3000th Blvd Of Western

      PARKING GARAGE, PARKING STRUCTURE • 0.37 Acres
      18 3000th Blvd Of Western, South Bend, IN 46619
      View Details

    Similar Nearby for Sale

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    • $519,000
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    Similar Nearby for Lease

    • $29 SF/Yr
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      Prime South Bend Retail Space

      Modern Retail Center, 3 Suites Available
      4921 Western Ave, South Bend, IN 46619
      View Details
    • $4 SF/Yr
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      View Details
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    5024 Western Ave
    South Bend, IN 46619-2312
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    Realmo Value Estimation

    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.

    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.

    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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