4615 Miami StSouth Bend, IN 46614

Property Details for 4615 Miami St

Year built

1970

Construction

TYPE NOT SPECIFIED

Lot size

1.95 AC

Property size (Sq ft)

7,200 SF

Property type

Retail space

APN

71-08-25-426-015.000-002

APU

710825426015000002

Description

This 10,238 square foot, single-story Class B retail building, constructed in 1970 and renovated in 2007, offers a 3,150 square foot space for lease. Located in South Bend, Indiana (46614), on a 1.77-acre lot (APN: 71-08-25-426-015.000-002), this property boasts a prime location at a fully signalized intersection. The building sits on an outlot of Erskine Plaza, adjacent to a Martin's Supermarket and Menard's, and across from a major retail center anchored by Target, Old Navy, Kohl's, PetSmart, and TJ Maxx. Other nearby retailers include Kroger, Staples, Walmart, and Lowe's, ensuring high visibility and traffic. The available suite features prominent east endcap placement with windows on two exterior walls and ample parking. Pylon and building signage opportunities are available. The zoning is CB. This property presents a unique opportunity for businesses seeking high-traffic exposure in a thriving commercial area. The minimum divisible space is 3,150 square feet, and the maximum contiguous space is also 3,150 square feet. Current tenants include Arby's, Pizza Hut, and Ion Optical.

• CAP approach

  CAP return

  Valuation

  6%

  $1,413,550

  6.5%

  $1,304,810

  7%

  $1,211,610

• Comparable approach

  Method

  Valuation

  Relative Method

  $975,312

  Geo Method

  $975,312

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,503,680

  Mixed-Use / Specialty

  $1,316,670

  Hospitality / Lodging

  $987,481

  Office

  $1,326,030

  Institutional / Educational

  $1,374,700

  Residential Income

  $1,608,400

  Multifamily

  $1,837,540

  Automotive / Energy

  $1,178,310

  Parking / Income-Based Land

  $390,317

  Restaurant / Food Service

  $720,027

  Healthcare / Senior Housing

  $1,333,290

Location Insight

City

South Bend

County

St. Joseph

State

Indiana

Latitude

41.6276

Longitude

-86.2355

CBSA code

43780

CBSA name

SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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