247 Dixie WaySouth Bend, IN 46637

Property Details for 247 Dixie Way

Year built

2008

Construction

TYPE NOT SPECIFIED

Lot size

0.31 AC

Property size (Sq ft)

9,804 SF

Property type

Office properties

Property subtype

Other office properties

APN

71-03-25-152-008.000-007

APU

710325152008000007

Description

This exceptional two-story commercial property at 247 N Dixie Way, South Bend, Indiana, 46637, offers a unique blend of retail and office space. The 9,804 square foot building, constructed in 2008, sits on a 0.31-acre lot and features a convenient location near major universities, including the University of Notre Dame, Saint Mary's College, and Holy Cross College. The building boasts high visibility on a high-traffic road. Currently, there are 5,611 square feet of vacant space available, divisible into units ranging from a minimum of 875 square feet to a maximum contiguous space of 3,400 square feet. The ground floor offers excellent retail opportunities, with one 1,400 square foot suite ideal for uses such as a fitness center or studio, and a larger 3,400 square foot suite with prominent street frontage suitable for a restaurant. The second floor comprises four finished office suites, ranging in size from 828 to 1,336 square feet, perfect for professional services or related businesses. This property presents a compelling investment opportunity for businesses seeking a strategic location with flexible space options in a thriving South Bend market. The building consists of one structure with two stories, and is conveniently located near the intersection of Dixie Way and Rhodes. Multiple tenancy options are available.

• CAP approach

  CAP return

  Valuation

  6%

  $1,725,061

  6.5%

  $1,592,364

  7%

  $1,478,624

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,276,971

  Geo Method

  $1,276,971

• Alternative Use

  Use

  Valuation

  Residential

  $1,974,532

  Hospitality

  $1,808,660

  Educational

  $1,504,784

  Medical

  $1,556,536

  Retail

  $2,340,775

Location Insight

City

South Bend

County

St. Joseph

State

Indiana

Latitude

41.7187

Longitude

-86.2508

CBSA code

43780

CBSA name

SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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