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Property profile & analytics
OFF-MARKET
Medical Office Space

515 Lafayette Blvd South Bend, IN 46601-1003

7,820 SF 0.29 ac lot Built 1976
Entity Owned 1-yr Hold Free & Clear
Property ID
US31-1544378
Property summary
AI-generated overview

This 7,820-square-foot medical office building, constructed in 1976, is located at 515 N Lafayette Blvd in South Bend, Indiana, 46601. The single-tenant property sits on a prominent corner lot at the intersection of N Lafayette Blvd and W Marion St, placing it at the heart of significant ongoing urban redevelopment. The building is zoned for Neighborhood Center use and features one story within a single building. Its strategic location offers exceptional visibility and accessibility. Nearby developments include the Beacon Medical Tower (300,000 square feet of medical, retail, and residential space) to the north and the Madison Lifestyle District (240 apartments, a hotel, and 40,000 square feet of commercial space) to the south. This presents a unique opportunity for businesses to establish a presence in a rapidly growing area of South Bend, capitalizing on the substantial investment and revitalization efforts currently underway. The entire 7,820 square feet is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific needs. This property offers a compelling investment prospect in a dynamic and expanding downtown location. St. Joseph County location.

Property profile
Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1976
Construction WOOD
Total area 7,820 SF
Lot 0.29 ac (12,705 SF)
APN 71-08-01-351-007.000-026
UPID US31-1544378
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
  • Reese Cindy a MD Physician
  • Rajendra (RajVito) Shah, MD Physician
  • Dr. Douglas N. Macgregor, DO Physician
  • Dr. Keim T. Houser, MD Physician
  • Daniel Czarnecki, M.D. Physician
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
H & A Sb Medical LLC · 1 yrs held
H & A Sb Medical LLC
since 2025
3 recorded transactions
2025
Price N/A
2025
Price N/A
2025
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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