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Property profile & analytics
OFF-MARKET
Medical Office Space

505 Lafayette Blvd South Bend, IN 46601

14,140 SF
Property ID
US31-2156362
Property summary
AI-generated overview

This exceptional South Bend, Indiana investment opportunity encompasses two buildings totaling 14,140 square feet on a prominent corner lot at 505-515 N Lafayette Blvd. The property features a blend of traditional and medical office space, with 7,820 square feet dedicated to medical use, including exam rooms, private offices, and ample break areas. The adjacent building offers 3,480 square feet of recently updated traditional office space, complete with private offices, conference rooms, and open work areas. Additional basement and attic space provides valuable storage. The buildings are connected by a breezeway and benefit from abundant surface parking. Strategically located in the heart of South Bend's revitalization, this property is ideally positioned to capitalize on the significant developments underway. The nearby Beacon Medical Tower and Madison Lifestyle District will bring hundreds of thousands of square feet of new medical, retail, residential, and commercial space, creating a thriving and dynamic environment. Built in 1916 and 1976, the property is zoned Neighborhood Center, offering flexibility and potential for future expansion. The asking price is $1,485,000. This is a rare chance to acquire a well-positioned, versatile office complex in a rapidly growing downtown area.

Property profile
Verified
Property type Medical Office Space
Total area 14,140 SF
UPID US31-2156362
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
  • Northern Indiana Womens Health Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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