Retail Space - For Sale
1517 South Michigan Street South Bend, IN 46613
Details & Description
Price: $525,000
  • Property Type Retail for Sale : Free Standing Building
  • Lot Size Acres 0.380
  • Building Sq Ft 8,383
  • Building Price per Sq Ft $62.63
  • Land Sq Ft 16,552
  • Land Price per Sq Ft $31.72
This 8,000+ square foot building is 100% occupied. A national retailer occupies the retail suite facing the street with the potential to occupy for 20 years. The tenant in the rear warehouse space has been in place for 10+ years, but the Landlord retains the right to replace with another user. A billboard rounds out the income for the property. New updates to the facade and windows were recently completed, and all tenants pay their own utilities.
Additional Photos
Listing Agents
Christopher Barth
NAI - Cressy
O: 574-485-1553
M: 574-261-1797
cbarth@cressy.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

1517 South Michigan Street

South Bend, IN 46613

Listing ID: 230337
$525,000
For Sale
  • Property Type Retail for Sale : Free Standing Building
  • Lot Size Acres 0.380
  • Building Sq Ft 8,383
  • Building Price per Sq Ft $62.63
  • Land Sq Ft 16,552
  • Land Price per Sq Ft $31.72
  • 1517 South Michigan Street South Bend, IN 46613 - main image
  • 1517 South Michigan Street South Bend, IN 46613 - alt image 2
  • 1517 South Michigan Street South Bend, IN 46613 - alt image 3
  • 1517 South Michigan Street South Bend, IN 46613 - alt image 4
1517 South Michigan Street - main image
1517 South Michigan Street - alt image 2
1517 South Michigan Street - alt image 3
1517 South Michigan Street - alt image 4
Description

This 8,000+ square foot building is 100% occupied. A national retailer occupies the retail suite facing the street with the potential to occupy for 20 years. The tenant in the rear warehouse space has been in place for 10+ years, but the Landlord retains the right to replace with another user. A billboard rounds out the income for the property. New updates to the facade and windows were recently completed, and all tenants pay their own utilities.

Attachments & Files

Listing Demographics for 1517 South Michigan Street South Bend, IN 46613

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population10,46283,894162,091
Population Median Age343536
Population by Age0-9 Yrs1704 (16%)11780 (14%)21184 (13%)
10-19 Yrs1591 (15%)13611 (16%)24271 (14%)
20-29 Yrs1652 (15%)14810 (17%)28642 (17%)
30-39 Yrs1350 (12%)10554 (12%)20175 (12%)
40-49 Yrs1427 (13%)9606 (11%)17861 (11%)
50-59 Yrs1297 (12%)8845 (10%)17266 (10%)
60-69 Yrs813 (7%)8181 (9%)17483 (10%)
70+ Yrs628 (6%)6507 (7%)15209 (9%)
Median HH Income$35,769$40,329$41,655
Total Household Income< 24K1320 (38%)9427 (31%)17966 (29%)
25-49K925 (26%)8140 (26%)17277 (28%)
50-74K567 (16%)5667 (18%)11377 (18%)
75-99K335 (9%)3049 (10%)6114 (10%)
100-199K291 (8%)3113 (10%)6950 (11%)
200K+0 (0%)757 (2%)1267 (2%)
Highest Education LevelNo Diploma1349787114596
Diploma or GED22641531732538
Some College13501032620770
Assoc. Degree40138237271
Bachelors Degree660729514976
Higher Degree269550510392
Total Housing Units4,43836,89872,890
--Owner-Occupied1,75617,08835,085
--Renter-Occupied1,68113,06525,866
Owner-Occupied Values< 100K15381083819626
100-199K203442311799
200-299K48471911
300-399K8514950
400-499K0138260
500K+3327539
Total Working Age Population7,78064,609127,939
In Work Force4,68740,52279,377
Not In Work Force3,09324,08648,562
Workforce Employed4,27037,75174,657
Workforce Unemployed4172,7394,625
Civlian Workforce4,68740,49079,283
Military Workforce03295
Total Households3,43830,15360,951
Family Households2,14817,34934,485
Non-Family Households1,29012,80526,466
Married Couple97210,22421,784
Other Family1,1757,12512,702
Married w/Child3734,2208,112
Single Male w/Child1318201,555
Single Female w/Child5343,5285,935

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Indiana6,080,485+76,483,802+46,738,573+47,014,880
St. Joseph County265,559+1266,931+1269,113+1271,912

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

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Listing Agent
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