501 Lasalle AveSouth Bend, IN 46617

Property Details for 501 Lasalle Ave

Year built

1994

Construction

WOOD

Lot size

0.50 AC

Property size (Sq ft)

1,856 SF

Property type

Retail properties

Property subtype

Grocery and convenience stores

APN

71-08-12-201-001.000-026

APU

710812201001000026

Description

This single-tenant retail property, located at 501 E Lasalle Ave, offers a 1,856 square foot gas station available for sublease. Built in 1994, the property sits on a 1.17-acre lot and features a single-story building zoned DT (Downtown). The APN is 71-08-12-201-001.000-026. The existing motor fuel equipment will remain in place, along with a branded fuel supply agreement, providing a turnkey opportunity for a new operator. This presents a unique chance to acquire an established business with existing infrastructure. The property's convenient location and established presence make it an attractive investment for those seeking a ready-to-operate gas station. The single-tenant occupancy simplifies management and provides a clear revenue stream. The substantial lot size offers potential for future expansion or development, subject to zoning regulations. This is an exceptional opportunity to acquire a well-positioned, established gas station business with significant upside potential. Serious inquiries only. All information is deemed reliable but not guaranteed.

• CAP approach

  CAP return

  Valuation

  6%

  $480,176

  6.5%

  $443,239

  7%

  $411,579

• Comparable approach

  Method

  Valuation

  Relative Method

  $609,195

  Geo Method

  $609,195

• Alternative Use

  Use

  Valuation

  Residential

  $373,889

  Hospitality

  $342,480

  Educational

  $284,939

  Medical

  $294,739

  Retail

  $443,239

Location Insight

City

South Bend

County

St. Joseph

State

Indiana

Latitude

41.6795

Longitude

-86.244

CBSA code

43780

CBSA name

SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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