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$559,000

2221 S Michigan Street South Bend, IN  46613-2321

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Property Description for 2221 S Michigan Street South Bend, IN 46613-2321

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.

Address:2221 S Michigan Street South Bend IN 46613-2321
Status:Active
on site: 407 days
Price:$559,000
Bathrooms:0
Year Built:1899
Lot Size:0.34
County: St. Joseph County
Township: Portage
MLS #:202339972
Property Type:Restaurant/Bar

Lot Dimensions:98x166
Directions:Corner of S. Michigan St. and Ewing Ave.
Basement:Yes

Loan Price
$3,487
Price And Interest $2,916/month
Property Tax $338/month
MTG INS $0/month
HOME INS $233/month
Price
$559,000
Down Payment %
0 %
Down Payment
$0
Property Taxes
$338/month
Home Owner Insurance
$2,796 / year
HOA Dues
$0 / Month
Interest Rate
4.75 %
Mortgage Ins.
$0 / year
YEARS

RoomSizeLevel
3rd Bedroom 7 x 2 Info Not Available
Den 2 x 7574 Info Not Available

Semi-Annual Property Tax:$2,025
Tax Year:2023
Mandatory HOA Fee:$

Subdivision: None
Zip Code:46613-2321

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Listing provided courtesy of John Piraccini with Coldwell Banker Real Estate Group

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than F.C. Tucker Company include the name of the listing IDX broker. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.





South Bend Market Report

157
Avg. DOM
$151.97
Avg. $ / Sq.Ft.
$ 194,950
Med. List Price

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