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.
Listing Office:
RE/MAX Legends
Last Updated: May - 07 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2024 Triangle MLS, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.