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3510 Portage Ave
South Bend, IN 46628
3510 Portage Avenue · Retail Property For Sale

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INVESTMENT HIGHLIGHTS

  • 100% Leased to National Credit Tenants
  • Prime Location on Meijer Outparcel
  • Stable, Expanding Local Economy
  • NNN Lease Structure | Low Landlord Responsibility
  • Strong Retail Trade Area

EXECUTIVE SUMMARY

100% Leased to National Credit Tenants
Stabilized asset leased to established national retailers on NNN leases, providing reliable, passive income with minimal landlord responsibilities.
NNN Lease Structure | Low Landlord Responsibility
Tenants are responsible for taxes, insurance, and maintenance, offering a true hands-off investment opportunity ideal for private investors or 1031 exchange buyers.
Prime Location on Meijer Outparcel
Highly visible outparcel to a high-performing Meijer-anchored center, positioned along Portage Avenue, one of South Bend’s strongest retail corridors.
Strong Retail Trade Area
Surrounded by a dense mix of national retailers including Walgreens, Chick-fil-A, McDonald’s, Jimmy John’s, Belle Tire, and Wings Etc., drawing consistent daily traffic and cross-shopping.
Stable, Expanding Local Economy
South Bend’s economy is supported by diverse employment anchors including University of Notre Dame, Beacon Health System, and Amazon’s regional logistics operations, contributing to strong long-term fundamentals.
Market Overview | South Bend, IN.
Strategically positioned within South Bend’s bustling northwest retail corridor, the property sits along Portage Avenue—home to a strong mix of national retailers including Meijer, Walgreens, Chick-fil-A, McDonald’s, Jimmy John’s, and Wings Etc. This high-traffic corridor benefits from a dense surrounding residential base and convenient access to the I-80/90 Toll Road, U.S. 20 Bypass, South Bend International Airport, and the University of Notre Dame, located just 10 minutes away.
Surrounding Growth & Development
Strategically positioned within South Bend’s bustling northwest retail corridor, the property sits along Portage Avenue—home to a strong mix of national retailers including Meijer, Walgreens, Chick-fil-A, McDonald’s, Jimmy John’s, and Wings Etc. This high-traffic corridor benefits from a dense surrounding residential base and convenient access to the I-80/90 Toll Road, U.S. 20 Bypass, South Bend International Airport, and the University of Notre Dame, located just 10 minutes away.
Proximity to Key Regional Drivers
Minutes from I-80/90 Toll Road, U.S. 20 Bypass, South Bend International Airport, and the University of Notre Dame, which supports consistent consumer demand and daytime population.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,013 SF
Building Class
B
Year Built
2019
Price
$2,688,542 CAD
Price Per SF
$536.31 CAD
Cap Rate
7.50%
NOI
$201,611 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.13
Lot Size
0.88 AC
Zoning
C - Commercial Small Retail
Frontage
100’ on Portage Avenue

AMENITIES

  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
71-03-22-378-006.000-009
Land Assessment
$176,331 CAD
Improvements Assessment
$708,549 CAD
Total Assessment
$884,881 CAD
  • Listing ID: 38409291

  • Date on Market: 2025-11-11

  • Last Updated:

  • Address: 3510 Portage Ave, South Bend, IN 46628

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