2801 MichiganSouth Bend, IN 46614

  • Retail properties
  • 13,596 SF
Off market
$221,067 Estimated

Property Details for 2801 Michigan

Year built
1925
Construction
WOOD
Lot size
0.54 AC
Property size (Sq ft)
13,596 SF
Property type
Retail properties
Property subtype
Retail space
APN
71-08-24-155-010.000-026
APU
710824155010000026

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,517,990
    6.5%
    $3,247,376
    7%
    $3,015,420
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,462,615
    Geo Method
    $4,462,615
  • Alternative Use

    Use
    Valuation
    Residential
    $2,739,283
    Hospitality
    $2,509,168
    Educational
    $2,087,599
    Medical
    $2,159,394
    Retail
    $3,247,376
2801 Michigan, South Bend, Indiana

Location Insight

City
South Bend
County
St. Joseph
State
Indiana
Latitude
41.6451
Longitude
-86.2501
CBSA code
43780
CBSA name
SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

  • Assessed Improved Value
    $156,100
  • Assessed land value
    $26,600
  • Assessed value
    $182,700
  • Tax year
    2023
  • Tax bill
    $6,183

FAQs

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