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25783565
25783566

230 S Michigan St, South Bend, IN 46601

CB
IN IN RB14043585
NAI Cressy - Mishawaka
Listed by NAI Cressy - Mishawaka
$400,000
1199 days on market
Updated 55 days ago
Opportunity zone

230 S Michigan St

Details
Property Type Multifamily, Retail
Sub Type Apartment Building, Storefront
Square Footage 11,880
Units 8
Price per SqFt $34
Broker Co-Op Yes
Class D
Year Built 1918
Buildings 1
Stories 3
Acreage 0.100
Zoning DT
Sale Condition Distressed

**OPPORTUNITY ZONE** Development Site Downtown South Bend, IN

Marketing description

Three-story mixed-use building for sale in the Central Business District of South Bend. Zoning for this property allows for a multitude of uses, including retail, office and residential. Each floor is 3,960 SF and have been completely gutted, giving the new owner a blank canvas with which to work. The grade level has three entrances facing Michigan Street, allowing for a combination of two retailor office uses and a third door to provide access to the second and third floors. The building also features a 1,320 SF basement with stairs that lead to each of the three potential grade level areas.

This property is located on S. Michigan St. between Jefferson Blvd. and Wayne St. in the heart of downtown South Bend! 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.

Investment highlights

  • Excellent Opportunity for Retail, Office and Residential

  • Mixed-Use Redevelopment Opportunity

  • Located in South Bend’s CBD

  • Walkable to Restaurants, Shops, and Municipalities

  • Located in Federal Opportunity Zone that allows deferral of capital gains

Listing Contacts

CB
IN IN RB14043585
NAI Cressy - Mishawaka
Listed by NAI Cressy - Mishawaka

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Additional Information

Name
Chris Barth
License
IN RB14043585
Brokerage
NAI Cressy
Brokerage Phone
574-271-4060
Title
Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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