105 Jefferson BlvdSouth Bend, IN 46601

Property Details for 105 Jefferson Blvd

Year built

1921

Construction

TYPE NOT SPECIFIED

Lot size

0.38 AC

Property size (Sq ft)

132,636 SF

Property type

Office properties

APN

71-08-12-154-006.000-026

APU

710812154006000026

Description

This prime South Bend, Indiana commercial property, the Jefferson Centre, offers a unique blend of retail and office space. Located at 105 E Jefferson Blvd, 46601, this eight-story, 115,000 square foot building boasts a coveted Central Business District (CBD) zoning. Built in 1921 and extensively renovated in 2018, the Class B property sits on a 0.38-acre lot (APN: 71-08-12-154-006.000-026). The building is multi-tenant, with a minimum divisible space of 430 square feet and larger suites available up to 8,173 square feet. Street-level retail spaces feature attractive storefront windows, benefiting from high foot traffic in this vibrant retail corridor. The Jefferson Centre enjoys excellent visibility and proximity to numerous amenities, including the South Bend Chocolate Cafe, courthouse, county and city offices, financial institutions, restaurants, shopping, and entertainment. Current tenants include notable businesses such as Jimmy John's, Everwise Credit Union, and Chicory Cafe. This is an exceptional opportunity to secure space in a well-maintained, historically significant building in a thriving downtown location. Twenty-five spaces are currently available.

• CAP approach

  CAP return

  Valuation

  6%

  $23,343,462

  6.5%

  $21,547,812

  7%

  $20,008,682

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,275,840

  Geo Method

  $17,275,840

• Alternative Use

  Use

  Valuation

  Residential

  $26,719,286

  Hospitality

  $24,474,722

  Educational

  $20,362,682

  Medical

  $21,062,986

  Retail

  $31,675,282

Location Insight

City

South Bend

County

St. Joseph

State

Indiana

Latitude

41.6753

Longitude

-86.2499

CBSA code

43780

CBSA name

SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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