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345-347 Lincoln Way W
South Bend, IN 46601
Rug Import · Retail Property For Sale
EXECUTIVE SUMMARY
Available for sale or lease, this building features first-floor retail space for lease and two fully leased residential apartments on the second floor. The seller offers flexible options: sell the building vacant or remain as a long-term tenant by signing a 10-year lease on the retail space.
The property sits right in downtown South?Bend, Indiana, positioned along the historic Lincoln Way West corridor, just west of the St. Joseph River and within walking distance of many downtown landmarks. Located in a busy mixed-use stretch with nearby retail, apartments, and office buildings, it’s just minutes on foot from the Morris Performing Arts Center, Four Winds Field (home of the South?Bend Cubs), the county library, and Main Street restaurants and nightlife. South Bend International Airport lies approximately 5.6?miles northwest, a roughly 10–16-minute drive depending on traffic via US-31 and Lincolnway West. The property is also conveniently near the I-80/I-90 Indiana Toll Road, which runs just north of the airport and provides regional freeway access—making the site well suited for those needing interstate connections.
The property sits right in downtown South?Bend, Indiana, positioned along the historic Lincoln Way West corridor, just west of the St. Joseph River and within walking distance of many downtown landmarks. Located in a busy mixed-use stretch with nearby retail, apartments, and office buildings, it’s just minutes on foot from the Morris Performing Arts Center, Four Winds Field (home of the South?Bend Cubs), the county library, and Main Street restaurants and nightlife. South Bend International Airport lies approximately 5.6?miles northwest, a roughly 10–16-minute drive depending on traffic via US-31 and Lincolnway West. The property is also conveniently near the I-80/I-90 Indiana Toll Road, which runs just north of the airport and provides regional freeway access—making the site well suited for those needing interstate connections.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
6,336 SF
Building Class
C
Year Built
1922
Price
$700,000
Price Per SF
$110.48
Percent Leased
16%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
12’
Building FAR
1.04
Lot Size
0.14 AC
Opportunity Zone
Yes
Zoning
NC - Neighborhood Center
Parking
10 Spaces (1.58 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 71-08-02-487-008.000-026 | Improvements Assessment | $169,200 |
| Land Assessment | $7,300 | Total Assessment | $176,500 |
PROPERTY TAXES
Parcel Number
71-08-02-487-008.000-026
Land Assessment
$7,300
Improvements Assessment
$169,200
Total Assessment
$176,500
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