503 E Colfax Ave

South Bend, IN

Commercial Development Or Adaptive Reuse Opportunity

Property Snapshot

  • Building: 6,151 SF
  • Land: 0.42 Acres
  • Year Built: 1963
  • Zoning: CBD
  • Parking: On-Site Paved Parking
  • OH Doors: 4
  • Ceilings: 14'
  • Utilities: Municipal
  • List Price: $425,000

Property Details

Commercial development or adaptive reuse opportunity in the highly desirable East Bank Village located along the banks of the East Race Way in the South Bend CBD. The properties benefit from a CBD zoning which allows for a variety of commercial, office and business uses. Parcels comprised of one improved parcel and one vacant non-contiguous parcel.

503 Colfax Avenue includes a 5,108 SF building on a 0.16 acre parcel. The building and its location and zoning allow for many adaptive reuses. For example, the building has 14’ ceiling height and 4 overhead doors, that would allow for indoor outdoor dining or entertainment. The building sits at the busy signalized intersection of E. Colfax Avenue and Niles Avenue. 

122 N. Niles Avenue is a vacant parcel of .26 acres located approximately 1/2 block south of 503 E. Colfax Avenue. Excellent site two parcels from the corner.

Location

Located in the heart of The East Bank Village along the East Race Way, the property is walking distance to several downtown restaurants and one-of-a-kind chances for shopping and entertainment. The neighborhood is home to some of the most desirable apartment housing in South Bend. 

The heart of downtown South Bend is a short, pedestrian-friendly walk just across the river, and a trolley takes East Bank residents around the downtown area and to the University of Notre Dame. The East Bank Village also boasts the East Race Waterway, the first artificial whitewater course in North America, as well as Seitz Park and Howard Park. The Farmers Market is just south of the neighborhood along the river.

For More Information Please Contact

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

Tim Mehall
Vice President, Retail Services, Principal
574.485.1516
timmehall@cressyandeverett.com