1456 Lincoln WaySouth Bend, IN 46613

Property Details for 1456 Lincoln Way

Year built

1976

Construction

TYPE NOT SPECIFIED

Lot size

0.31 AC

Property size (Sq ft)

1,238 SF

Property type

Office properties

Property subtype

Other office properties

APN

71-09-18-185-002.000-026

APU

710918185002000026

Description

This exceptional 1,238 square foot executive office building, constructed in 1976, is situated on a 0.31-acre lot at 1456 Lincolnway East in South Bend, Indiana (APN: 71-09-18-185-002.000-026). The single-story building offers a main floor with four spacious offices, two full bathrooms, a reception area, and a waiting area. The lower level provides three additional offices, a half-bathroom, and two large storage rooms. Ample parking is available on the dedicated lot. This property enjoys a high-traffic location near Notre Dame, downtown South Bend, Mishawaka, and IUSB, providing excellent visibility and convenience. Ideal for professional services, medical offices, tech startups, or small-to-medium enterprises, this versatile space allows for customization to meet specific business needs. The asking price is $247,000. This presents a strong investment opportunity for both owner-occupants and investors due to its prime location and flexible layout.

• CAP approach

  CAP return

  Valuation

  6%

  $217,923

  6.5%

  $201,160

  7%

  $186,791

• Comparable approach

  Method

  Valuation

  Relative Method

  $161,250

  Geo Method

  $161,250

• Alternative Use

  Use

  Valuation

  Residential

  $249,438

  Hospitality

  $228,484

  Educational

  $190,096

  Medical

  $196,634

  Retail

  $295,705

Location Insight

City

South Bend

County

St. Joseph

State

Indiana

Latitude

41.6587

Longitude

-86.2258

CBSA code

43780

CBSA name

SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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