1517 S Michigan St

-1517 S Michigan St is an 8,383 square foot masonry block structure built in 1949 with 12’ ceilings and a clear span interior. The property is located on the south side of downtown South Bend, with frontage along Michigan St and a short distance north from the signalized intersection with Indiana Ave. The parcel is located along a commercial thoroughfare but resides in a mixed-use area, with smaller commercial units and single family residential surrounding. The south side of Downtown South Bend is seeing significant investment and redevelopment, with major renovations occurring at Four Winds Field, new apartments being constructed as part of the Diamond View project, and the Momentum project, an entrepreneurial hub that will promote innovation and networking. The Subject Property is currently divided into two suites. The front 4,704 SF is occupied by Fisher Auto Parts (formerly Hoffman Bros Auto Parts), a long-term tenant with term through March 31, 2030 (and a further two five-year renewal options). The rear 3,679 SF is occupied by a local user primarily utilizing the space for storage in a month-to-month lease situation. In addition, the property is benefited by a billboard lease through 2037. The property has a dedicated surface surface parking lot with 13 spaces, along with street parking and rear alley access. The surrounding corridor is home to a variety of auto-related businesses, including sales lots, salvage yard, car washes, mechanics, and detailers.