123 Washington StSouth Bend, IN 46601

Property Details for 123 Washington St

Year built

1973

Construction

WOOD

Lot size

0.17 AC

Property size (Sq ft)

15,872 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

71-08-12-111-007.000-026

APU

710812111007000026

Description

This exceptional commercial property at 123 West Washington Street in South Bend, Indiana, presents a unique opportunity for a discerning business owner. Located in St. Joseph County, this single-tenant retail space boasts a total building area of 20,164 square feet, with 6,828 square feet currently vacant. The property is categorized as Retail, Restaurant, and Special Purpose, offering versatility for a wide range of commercial uses. The building's prime location ensures high visibility and accessibility, making it ideal for businesses seeking significant foot traffic. The available space provides ample room for expansion or customization to meet specific operational needs. The property's address is 123 W Washington St, South Bend, IN 46601. Its convenient location within South Bend offers easy access to major transportation routes and a thriving local community. The existing infrastructure is well-maintained, minimizing upfront capital expenditures. This is an excellent opportunity to establish or expand a business in a vibrant and growing market. The flexible layout allows for creative design and efficient space utilization. Serious inquiries are encouraged to explore the potential of this exceptional commercial property.

• CAP approach

  CAP return

  Valuation

  6%

  $4,106,270

  6.5%

  $3,790,402

  7%

  $3,519,660

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,209,666

  Geo Method

  $5,209,666

• Alternative Use

  Use

  Valuation

  Residential

  $3,197,346

  Hospitality

  $2,928,752

  Educational

  $2,436,687

  Medical

  $2,520,489

  Retail

  $3,790,402

Location Insight

City

South Bend

County

St. Joseph

State

Indiana

Latitude

41.6766

Longitude

-86.2514

CBSA code

43780

CBSA name

SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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