1405 Portage AveSouth Bend, IN 46616
- Retail properties
- 1,676 SF
Property Details for 1405 Portage Ave
- Year built
- 1953
- Construction
- WOOD
- Lot size
- 0.41 AC
- Property size (Sq ft)
- 1,676 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
- APN
- 71-03-35-360-020.000-026
- APU
- 710335360020000026
Description
This exceptional retail property, located at 1405 Portage Ave in South Bend, Indiana, presents a unique investment opportunity. Situated on a 0.64-acre lot, this multi-tenant building offers 9,300 square feet of space, currently with one unit available. The property boasts a highly desirable location, a high-visibility corner lot northwest of downtown South Bend, in a densely populated area with significant foot traffic. The zoning is NC (Neighborhood Commercial). The property is ideal for a variety of uses, including restaurants, grocery stores, coffee shops, nail and beauty salons, dental practices, physical therapy clinics, insurance agencies, or real estate offices. Please note that there are some restrictions in place: gas and liquor sales are restricted, and there is a partial restriction on convenience store operations. This prime location and ample square footage make this property an excellent choice for businesses seeking high visibility and strong foot traffic in a thriving South Bend neighborhood. The property is in St. Joseph County, Indiana, with a zip code of 46616.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $433,531
- 6.5%
- $400,183
- 7%
- $371,598
-
Comparable approach
- Method
- Valuation
- Relative Method
- $550,114
- Geo Method
- $550,114
-
Alternative Use
- Use
- Valuation
- Residential
- $337,569
- Hospitality
- $309,211
- Educational
- $257,260
- Medical
- $266,108
- Retail
- $400,183
Location Insight
- City
- South Bend
- County
- St. Joseph
- State
- Indiana
- Latitude
- 41.6943
- Longitude
- -86.2697
- CBSA code
- 43780
- CBSA name
- SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].