Washington St 620 W | Tippecanoe Place

South Bend, IN

Investment Opportunity | One Of South Bend's Finest Restaurants & Event Venues

Property Snapshot

  • Building: 24,223 SF
  • Occupancy: 100% leased/occupied
  • Land: 3.34 Acres
  • Year Built: 1886, Converted to Restaurant Use, Multiple Renovations Preserving Historical Character, Up to Current Date
  • Zoning: MU-Mixed Use
  • Parking: On-site & Street
  • Annual Taxes: $25,300.18 ('16 Pay '17)
  • CAP Rate: 8%
  • NOI: $106,000
  • List Price: $1,325,000

Property Details

The property is 100% leased/occupied! Romanesque style mansion with 4 floors, 40 rooms and 20 fireplaces. Featuring 24,223 SF, the property currently houses one of South Bend’s finest restaurants and event venues—Tippecanoe Place. The versatile, unparalleled character of the property creates a unique event and dining experience.Tippecanoe Place is a unique fine dining experience set in one of South Bend’s most notable structures, the historic Studebaker Mansion. The building is over 130 years old and currently hosts weddings, banquets, special events, breakfasts, lunches, dinners and brunches. The timeless finishes and stately grounds heighten all outdoor and indoor weddings, celebrations, banquets, fine dining experiences or cocktails. The restaurant will continue operation.

Location

The property is located in the heart of South Bend’s Near West Side, in the West Washington neighborhood that surrounds South Bend’s museum campus and highlights the community’s innovation and heritage. The property is surrounded by historic and newer single-family residential developments and commercial businesses. It is well located in an emerging mixed-use area with good access to major transportation infrastructure, minutes to the new Saint Joseph High School, South Bend Clinic, Memorial Hospital, University of Notre Dame and downtown South Bend.

For More Information Please Contact

Noah Davey, CCIM
Senior Broker, Principal
574.485.1530
noahdavey@cressyandeverett.com

Christian Davey, CCIM/SIOR
Senior Broker, Principal
574.485.1534
christiandavey@cressyandeverett.com