2221 S Michigan Street South Bend, IN $ 559,000
2221 S Michigan Street
$ 559,000
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2221 S Michigan Street

South Bend, IN, 46613
$ 559,000
Baths7.0 Sq 7,574

Monthly Estimate*

$ 3,715

2221 S Michigan Street, South Bend, IN 46613 - Image 1
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2221 S Michigan Street, South Bend, IN 46613 - Image 13
Studio

Commercial Property for sale in South Bend, IN

for $559,000 with 7 full baths. This 7,574 square foot building was built in 1899 on a lot size of 0.34.

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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Commercial Active

Price

$ 559,000

Bedrooms

Studio

Full Bath

7

Property Type

Commercial

Taxes

$ 4,050

Style

Restaurant/Bar

Lot Size

0.34

Year Built

1899

Town/City

South Bend

County/Region

St Joseph

MLS | Web ID

202339972

Features
General
Heating Forced Air
Cooling Central Air
Ceiling Height 10'
Roof Flat
Parking Yes Lot Off-Street Paved
Sewer City
# of Buildings 2
Status Active Active
Bathrooms 7
Year Built 1899
New Construction No
Subdivision None
Stories 2
Township Portage
Class COMMERCIAL
Present Use Investment Property Vacant-Best for Owner/Usr
Type Restaurant/Bar
Age 124
Business Name Kitchenette
Inside City Limits Yes
Special Features Basement
REO No
Area St. Joseph County
Location City
City South Bend
Street Name Michigan
Legal Description Lot 15 Ex 20Ft S Side & 40Ft W End Bowmans Add Town of Myler; Lot 14 Bowmans Add to Town of Myler
Agent First Name John
Agent Last Name Piraccini
DOM 209
Tax Year 2023
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Exterior
Road Access City
Exterior Brick
Number of Parking Spaces 15
Lot Size Area 14810
Lot Dimensions 98x166
Parking Type Parking Lot
Waterfront Y/N No
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Interior
Flooring Carpet Ceramic Tile Mixed Vinyl Tile
Basement/Foundation Full Basement
Walls Concrete Wood
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* Excluded Features
List By
John Piraccini

Listing Agent

Coldwell Banker Real Estate Group

Broker

johnpiraccini7@gmail.com

Email

Affordability Calculator

$4,053
Per Month
92%
8%
0%
Monthly Principal & Interest
$3,715
Monthly Property Taxes
$338
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1237469 Elementary School
1237627 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/31/2023$559,000 Listed Price

Map


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2221 S Michigan Street, South Bend, IN, 46613 is a Commercial Property for sale at $559,000 with 7,574 sqft and a lot size of 0.34. 2221 S Michigan Street is a studio with 7.0 baths and was built in 1899. The property's zip code is 46613 which is in South Bend, IN