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431 S Dixie Way 431 Dixie Way 4,679 SF of Retail Space Available in South Bend, IN 46637
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 4,679 SF | Negotiable | $31.18 CAD/SF/YR $2.60 CAD/SF/MO $145,907 CAD/YR $12,159 CAD/MO | Triple Net (NNN) |
1st Floor
This former Perkins spans approximately 4,679 sq ft of versatile interior space with a proven track record for high-volume dining. Ideal for reopening as a breakfast spot, casual eatery, or full-service restaurant with existing kitchen infrastructure in place and additional equipment which can be negotiated separately, minimizing startup costs for immediate operations. Includes spacious dining areas seating up to 150, on-site parking for 50+ vehicles, and zoning that supports restaurant use with options for outdoor patios.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Located in-line with other retail
- Space is in Excellent Condition
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 4,679 SF | Gross Leasable Area | 4,679 SF |
| Property Type | Retail | Year Built | 1994 |
| Property Subtype | Restaurant |
| Total Space Available | 4,679 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 4,679 SF |
| Year Built | 1994 |
About the Property
Located just two miles from Notre Dame's campus gates and a half mile from Saint Mary’s and Holy Cross Colleges, this location taps into a steady stream of 16,000+ students, faculty, and alumni, plus game-day crowds and visitors—perfect for businesses catering to the universities’ vibrant energy. Situated on SR 933 (Dixie Way), a major artery with over 24,000 daily vehicles, this site benefits from excellent visibility and accessibility, connecting South Bend to Niles and beyond—prime for drive-thru potential, delivery hubs, or retail concepts drawing commuters and locals alike. As the first commercial property immediately off the I-80/90 Toll Road Interchange at Exit 77 (IN-933/US-31), it captures direct traffic from eastbound and westbound travelers entering the South Bend area, offering unparalleled exposure to highway volumes exceeding 50,000 vehicles per day while providing seamless access to the university district and beyond. Also available for ground lease or build-to-suit, this property offers a rare opportunity to customize a new commercial space tailored to your brand’s needs, leveraging its high-visibility lot and strategic location to maximize business potential while avoiding the costs of purchasing outright.
Nearby Major Retailers
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431 S Dixie Way | 431 Dixie Way
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