515 Lafayette Blvd South Bend, IN 46601-1003
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.
-
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
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.