505 Lafayette Blvd South Bend, IN 46601
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.
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Northern Indiana Womens Health Physician
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.