117 Franklin Place, South Bend, IN 46601
$699,999
Property Type:
Commercial Sale
Square Footage:
5,552
Lot Size (sq. ft.):
6,534
Status:
Active
Current Price:
$699,999
List Date:
5/07/2026
Last Modified:
5/07/2026
Overview
Description
Listing Details MLS# 838397
General Property Information
- Number Of Units Total
- 8
- Living Area
- 5552
- Building Area Source
- Assessor
- Accessibility Features YN
- No
- Year Built
- 1920
- Parking Total
- 5
- Lot Size Acres
- 0.15
- Lot Size Square Feet
- 6534
- Lot Size Source
- Assessor
- Waterfront YN
- No
- Basement YN
- Yes
Property Features
Basement:
Partially Finished; Storage Space; Unfinished; Walk-Out Access; Other
Building Features:
Balcony; Exterior Lighting; Multi Tenant; Patio; Other
Business Type:
Other
Construction Materials:
Brick
Cooling:
Ceiling Fan(s); Other
Current Use:
Multi-Family
Electric:
Other
Exterior Features:
Balcony; Private Yard; Other
Flooring:
Hardwood; Other
Heating:
Hot Water
Laundry Features:
Lower Level; Other
Listing Terms:
Cash; Conventional
Owner Pays:
Insurance; Management; Taxes
Parking Features:
Additional Parking; On Street
Possession:
Close Of Escrow
Rail Availability:
None
Roof:
Asphalt; Other
Security Features:
Carbon Monoxide Detector(s); Smoke Detector(s)
Sewer:
Public Sewer
Special Listing Conditions:
None
Tenant Pays:
Electricity
Utilities:
Other
Water Source:
Public
Contract Information
- Auction YN
- No
- Original List Price
- 699999
- Property Sub Type
- Multi Family
- Listing Agreement
- Exclusive Right To Sell
- Seller to consider offering concessions
- No
- Owner Name
- Verete Properties LLC
- Occupant Type
- Tenant
Location Tax and Legal
- Street Number
- 117
- Street Name
- Franklin
- Street Suffix
- Place
- County
- St Joseph
- State
- IN
- Postal Code
- 46601
- Subdivision Name
- Vails
Remarks and Miscellaneous
- Public Remarks
- Fully occupied 8 unit building located in the heart of downtown South Bend. This well-maintained property features long-term tenants, strong rental history, and potential for growth. Truly a turnkey investment with steady cashflow- an excellent opportunity for investors looking for a proven moneymaker with upside potential.
Status Change Information
- Major Change Timestamp
- 2026-05-07T00:12:35Z
- Major Change Type
- New Listing
- Status Change Timestamp
- 2026-05-06
More Information
Exemption Information
- Exemption YN
- No
Showing Requirements
- Showing Instructions
- Contact LA via text, 708.655.5000: MUST have Pre-approval POF ; to not disturb tenants, we will host group showings.
Location, Tax, and Legal
- Tax Annual Amount
- 3201
- Tax Year
- 2023
- Tax Legal Description
- LOT 5 & S 1/2 VAC ALLEY N & ADJ VAILS SUB SEC 11-37-2E 10/11 VAC ORD 9923-09 9-18-09
- Parcel Number
- 710811281011000026
- Township
- Portage
- Directions
- Western-Williams- Franklin
- Census Tract
- 17
Basement
- Partially Finished
- Yes
- Storage Space
- Yes
- Unfinished
- Yes
- Walk-Out Access
- Yes
- Other
- Yes
Construction Materials
- Brick
- Yes
Cooling
- Ceiling Fan(s)
- Yes
- Other
- Yes
Electric
- Other
- Yes
Exterior Features
- Balcony
- Yes
- Private Yard
- Yes
- Other
- Yes
Flooring
- Hardwood
- Yes
- Other
- Yes
Heating
- Hot Water
- Yes
Laundry Features
- Lower Level
- Yes
- Other
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Parking Features
- Additional Parking
- Yes
- On Street
- Yes
Possession
- Close Of Escrow
- Yes
Roof
- Asphalt
- Yes
- Other
- Yes
Security Features
- Carbon Monoxide Detector(s)
- Yes
- Smoke Detector(s)
- Yes
Sewer
- Public Sewer
- Yes
Special Listing Conditions
- None
- Yes
Utilities
- Other
- Yes
Water Source
- Public
- Yes
Owner Pays
- Insurance
- Yes
- Management
- Yes
- Taxes
- Yes
Tenant Pays
- Electricity
- Yes
Current Use
- Multi-Family
- Yes
Building Features
- Balcony
- Yes
- Exterior Lighting
- Yes
- Multi Tenant
- Yes
- Patio
- Yes
- Other
- Yes
Business Type
- Other
- Yes
Rail Availability
- None
- Yes
Listing Office:
RE/MAX Legends
Last Updated: May - 07 - 2026
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