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235 Michigan Street
South Bend, IN 46601
235 S Michigan Street · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Downtown South Bend Redevelopment Opportunity!
EXECUTIVE SUMMARY
Four story historic building with multiple retail entrances on the first floor. Upper floors ideal for office, multifamily, storage or other uses
approved in the DT-Downtown zoning district. Convenient parking on street in addition to garage parking adjacent to the west. Located at a signalized intersection with excellent visibility and foot traffic. This property is a true “value add opportunity” in the heart of downtown South Bend and benefits from low operating costs and property taxes.
This property is located on the corner of S. Michigan St. and Wayne St. in the heart of downtown South Bend. Highly visible location with excellent foot traffic during the day.
It is within walking distance to county and city offices, financial institutions, hotels, event venues, restaurants and cafes, as well as residential complexes.
It is just minutes from the University of Notre Dame, St. Mary’s College, South Bend International Airport, US-31 and the I-80/90 Toll Rd. This is an ideal location for residential, retail, or office space.
approved in the DT-Downtown zoning district. Convenient parking on street in addition to garage parking adjacent to the west. Located at a signalized intersection with excellent visibility and foot traffic. This property is a true “value add opportunity” in the heart of downtown South Bend and benefits from low operating costs and property taxes.
This property is located on the corner of S. Michigan St. and Wayne St. in the heart of downtown South Bend. Highly visible location with excellent foot traffic during the day.
It is within walking distance to county and city offices, financial institutions, hotels, event venues, restaurants and cafes, as well as residential complexes.
It is just minutes from the University of Notre Dame, St. Mary’s College, South Bend International Airport, US-31 and the I-80/90 Toll Rd. This is an ideal location for residential, retail, or office space.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
20,073 SF
Building Class
C
Year Built
1925
Price
$700,000
Price Per SF
$34.87
Percent Leased
Vacant
Building Height
4 Stories
Building FAR
3.33
Lot Size
0.14 AC
Opportunity Zone
Yes
Zoning
DT-Downtown
Parking
5 Spaces (0.22 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 71-08-12-157-012.000-026 | Improvements Assessment | $376,000 |
| Land Assessment | $20,100 | Total Assessment | $396,100 |
PROPERTY TAXES
Parcel Number
71-08-12-157-012.000-026
Land Assessment
$20,100
Improvements Assessment
$376,000
Total Assessment
$396,100
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