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2221 S Michigan Street

South Bend, IN 46613
  • $559,000
  • STATUS: Active
  • ON SITE: 170 Days
  • MLS #: 202339972
$559,000
  • 0
    BEDS
  • 0.34
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,574
    SQFT
Neighborhood:
Type:
Commercial
Built:
1899
County:
Area:

School Ratings & Info

Listing provided by John Piraccini of Coldwell Banker Real Estate Group: VM: 574-243-9522.

Description

Excellent opportunity in an ongoing restaurant located on the heavily traveled corner of Michigan St. (18,000 cars daily) and Ewing Ave. (7,000 cars daily, INDOT). Very well maintained, the restaurant is still in operation and is turn-key ready for a new restaurant owner. The restaurant includes a diner style bar top, multiple booths and tables, multiple jukeboxes, a small arcade area, and a sizable kitchen. There is more space in the adjacent retail unit that could expand the restaurant, open the availability for private events, or lease out the unit separately for extra income. Also included with the property are 4 upstairs apartments, making this an opportunity for an investor as well that has a restaurant client or another use for the property altogether. Property has reasonable parking as well, with 2 parcels included in the sale (see aerial). Great proximity, only 1.5 miles from the heart of Downtown South Bend, 2 miles from Notre Dame University, 4 miles to Downtown Mishawaka, and 5 miles from the South Bend International Airport. Taxes: $4,050. Tax Year: 2022. Zoned NC: Neighborhood Commercial.

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© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Brick Built Real Estate. Data last updated: 2024-04-04T00:28:30.213.

www.brickbuiltrealestate.com/homes/144870169
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2221 S Michigan Street South Bend, IN 46613

  • Price: $559,000
  • Status: Active
  • On Site: 170 Days
  • MLS #: 202339972
0
Beds
0
Baths
0
½ Baths
0.34
Acres
7,574
SQFT
$74
$/SQFT
1899
Built
Neighborhood:
None
County:
St. Joseph
Area:
St. Joseph
Property Description
Excellent opportunity in an ongoing restaurant located on the heavily traveled corner of Michigan St. (18,000 cars daily) and Ewing Ave. (7,000 cars daily, INDOT). Very well maintained, the restaurant is still in operation and is turn-key ready for a new restaurant owner. The restaurant includes a diner style bar top, multiple booths and tables, multiple jukeboxes, a small arcade area, and a sizable kitchen. There is more space in the adjacent retail unit that could expand the restaurant, open the availability for private events, or lease out the unit separately for extra income. Also included with the property are 4 upstairs apartments, making this an opportunity for an investor as well that has a restaurant client or another use for the property altogether. Property has reasonable parking as well, with 2 parcels included in the sale (see aerial). Great proximity, only 1.5 miles from the heart of Downtown South Bend, 2 miles from Notre Dame University, 4 miles to Downtown Mishawaka, and 5 miles from the South Bend International Airport. Taxes: $4,050. Tax Year: 2022. Zoned NC: Neighborhood Commercial.
Exterior Features

Construction Type1 Brick Exterior Brick Fire Doors YN Yes Location City Lot Dimensions 98x166 Parking LotOff-StreetPaved Parking Spaces 15 Parking Type Parking Lot Parking YN Yes Road Access City Roof Material Flat Security Light YN No Sign Type Attached Building Signs Signs YN Yes Waterfront YN No

Interior Features

Basement Foundation Full Basement Basement YN Yes Bldg1 Above Grd Sq Ft 7574 Bldg1 Below Grd Sq Ft 0 Bldg1 Fin Office Sq Ft 0 Ceiling Height 10' Column Spacing 12' Cooling Central Air Flooring CarpetCeramic TileMixedVinyl Tile Heating Fuel Forced Air Interior Height 12' Interior Walls ConcreteWood Special Features Basement Total Restrooms 7

Property Features

Annual Taxes 4050 Auction YN No Buildings 2 Burglar Alarm YN Yes Business Name Kitchenette Currently Leased YN No Documents Available Aerial PhotoLegal DescriptionZoningZoning Restrictions Enterprise Zone No Equipment YN Yes Fire Protection City For Sale Or Rent For Sale Ingress Egress Asphalt Inside City Limits Yes Lease Term Remaining none New Construction No Owner Real Estate License YN No Planned Unit Dev YN No Platted YN Yes Present Use RestaurantRetail Property Sub Type Restaurant/Bar Property Use Investment PropertyVacant-Best for Owner/Usr Reo YN No Sale Includes BuildingLandInventory Sewer City Smoke Fire Alarm YN Yes Special Assessments None Sprinkler System YN Yes Tax Abatement No Tax Code Tax Code 18-S.B. Portage Township Portage Water Heater YN Yes Water Softener YN No Water Utility City Year Taxes Payable 2023 Zoning Description Neighborhood Center

Listing provided by John Piraccini of Coldwell Banker Real Estate Group: VM: 574-243-9522.

© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Brick Built Real Estate.


© 2024 Indiana Regional MLS All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from IRMLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Brick Built Real Estate. Data last updated: 2024-04-04T00:28:30.213.

 
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Brick Built Real Estate
PO Box 839
Granger IN, 46530
Listing provided by John Piraccini of Coldwell Banker Real Estate Group: VM: 574-243-9522.