www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
30036925
30036924

1201-1215 S Michigan Street, South Bend, IN 46601

BM
IN RB14050416
Latitude Commercial
MR
IN RB14052315
Latitude Commercial
JO
IN RB17000952
Latitude Commercial
Listed by Latitude Commercial
$1,100,000
96 days on market
Updated 75 days ago
Opportunity zone

1201-1215 S Michigan Street

Details
Property Type Retail
Sub Type Storefront
Square Footage 5,934
Cap Rate 7.78%
NOI $85,628
Price per SqFt $185
Year Built 2007

Retail | 7.78% CAP | 5,934 SqFt

Marketing description

Latitude Commercial is pleased to present the opportunity to acquire a single-tenant net leased investment occupied by Help at Home, LLC, a leading provider of home healthcare services. The property is strategically located along S. Michigan Street in South Bend, Indiana, offering strong visibility and accessibility within a well-established commercial corridor.
The tenant is operating under a long-term lease with an initial 8-year term (96 months) and three (3) additional 3-year renewal options, providing potential long-term income stability. The lease features 2% annual rental escalations, delivering built-in NOI growth over time.
This is structured as a Triple Net (NNN) lease, with the tenant responsible for: -Real estate taxes -Insurance -Common area maintenance (CAM) -Utilities -Interior maintenance and repairs
Landlord responsibilities are limited primarily to structural components, including the roof, foundation, and load-bearing structural elements, creating a favorable passive investment profile.
South Bend is a city in St. Joseph County, Indiana, United States, and its county seat. It lies along the St. Joseph River near its southernmost bend, from which it derives its name. It is the fourth-most populous city in Indiana with a population of 103,453 at the 2020 census. Located directly south of Indiana's northern border with Michigan, South Bend anchors the broader Michiana region. Its metropolitan area had a population of 324,501 in 2020, while its combined statistical area had 812,199 residents

Investment highlights

  • Offered at: $1,100,000
  • Long-term net lease structure
  • 2% annual rent increases
  • Corporate healthcare tenant
  • Limited landlord responsibilities
  • Three (3) additional 3-year renewal options

Listing Contacts

BM
IN RB14050416
Latitude Commercial
MR
IN RB14052315
Latitude Commercial
JO
IN RB17000952
Latitude Commercial
Listed by Latitude Commercial

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$85,627.62
$7,135.63/mo

Valuation Metrics

0
DSCR
7.78%
Cap Rate
7.78%
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591