Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6301 Us 31st S South Bend, IN 46614-5068
    Back to Search
    Property profile & analytics

    6301 Us 31st S, South Bend, IN 46614-5068

    View on Map
    • Grocery and convenience stores
    • 4,942 SF
    • 1.10 lot acres
    Off-Market
    Last Sale Mar 2, 2022
    Property ID
    US31-1716318
    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.
    Value Estimations
    $620,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 6301 Us 31st S

    Year built
    2000
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.10 lot acres
    Property type
    Grocery and convenience stores
    APN
    71-13-02-226-007.000-002
    APU
    711302226007000002

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 2, 2022 — Kern Rd LLC One Star LLC Warranty Deed —
    Feb 18, 2020 $1,450,000 One Star LLC Maxinkuckee Enterprises INC Warranty Deed $1M · State Bank Of Texas
    Aug 17, 2018 — Maxinkuckee Enterprises INC — Deed · related $891k · Teachers FCU
    Feb 15, 2013 — Maxinkuckee Enterprises INC B&r Oil Company INC Special Warranty Deed $438k · 1st Source Bank
    Jul 12, 2012 $640,000 B&r Oil Company INC Rlb1 LLC Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $666,000
      Market price range: $411k - $677k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $395,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    South Bend
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.255
    Latitude
    41.608
    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
    $17,771
    $142,900
    $382,100
    $525,000
    -
    $142,900
    $382,100
    $525,000

    Comparable in this City

    • Value Estimation
      $765,000
      5,704 SF

      3323 Pr Ave

      CONVENIENCE STORE
      3323 Pr Ave, South Bend, IN 46614-4312
      View Details
    • Value Estimation by Request
      1,196 SF

      450 Ireland Rd

      CONVENIENCE STORE
      450 Ireland Rd, South Bend, IN 46614-3847
      View Details
    • Value Estimation
      $1,110,000
      11,904 SF

      926 Erskine Plz

      GROCERY, SUPERMARKET
      926 Erskine Plz, South Bend, IN 46614-3244
      View Details
    • Value Estimation
      $1,480,000
      15,234 SF

      202 Ireland Rd

      GROCERY, SUPERMARKET
      202 Ireland Rd, South Bend, IN 46614-2676
      View Details
    • Value Estimation
      $1,580,000
      61,569 SF

      1217 Ireland Rd

      GROCERY, SUPERMARKET
      1217 Ireland Rd, South Bend, IN 46614-3448
      View Details
    • Value Estimation by Request
      3,038 SF

      2075 Ireland Rd

      CONVENIENCE STORE
      2075 Ireland Rd, South Bend, IN 46614-2908
      View Details

    Similar Nearby for Sale

    • $33,900
      0.28 Acres

      Residential Land in South Bend

      Residential land in Jewell Park, South Bend. Close to amenities.
      20440 Jewell Ave, South Bend, IN 46614
      View Details
    • Contact for pricing
      7,280 SF

      Office Building with Security System

      Office building featuring high-tech security and flexible space.
      22988 Ireland Rd, South Bend, IN 46614
      View Details
    • Contact for pricing

      South Bend Land Parcels Available

      Two land parcels available at a major South Bend intersection.
      4115 S Main St, South Bend, IN 46614
      View Details
    • $2,426,400
      60.26 Acres

      Hawthorne Commercial Land Investment

      60 Acres+ Prime Commercial Land
      0 Hawthorne Rd, South Bend, IN 46614
      View Details
    • Contact for pricing
      Pending

      Residential Land in South Bend

      Land available in South Bend near shops and restaurants.
      5621 S Main St, South Bend, IN 46614
      View Details
    • Contact for pricing

      Developable Land on U.S. 20

      12.73 acres with frontage on U.S. 20 Bypass.
      59010 Magnolia Rd, South Bend, IN 46614
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Renovated Retail Space For Lease

      Recently renovated power center with spaces from 1,200 to 28,000 SF.
      4540 Miami St, South Bend, IN 46614
      View Details
    • Contact for pricing
      2,400 SF

      Renovated Retail Space For Lease

      Recently renovated retail spaces available in a power center.
      1240 E Ireland Rd, South Bend, IN 46614
      View Details
    • Contact for pricing

      Retail Center Space For Lease

      Retail space available in high-traffic South Bend location.
      4615 Miami St, South Bend, IN 46614
      View Details
    • Contact for pricing

      New Retail Suites For Lease

      Brand new retail suites available near Four Winds Casino South Bend.
      2240 Prairie Ave, South Bend, IN 46614
      View Details
    • Contact for pricing

      Prime Retail Space Available

      500,000 SF retail space near major highway.
      1290 E Ireland Rd, South Bend, IN 46614
      View Details
    • $21 SF/Yr

      Remodeled End Cap Retail Space

      Remodeled retail space in South Bend's primary retail corridor.
      119 W Ireland Rd, South Bend, IN 46614
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6301 Us 31st S
    South Bend, IN 46614-5068
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6301 Us 31st S, South Bend, IN, 46614
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!