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Listing provided courtesy of RE/MAX LegendsNorthwest Indiana MLSas Distributed by MLSGrid- MLS# 838397MLS Provider

117 Franklin PlaceSouth Bend, IN 46601

Commercial · 5,552 Sq. ft. | 0.15 Acres
$699,999 Active

117 Franklin Place Overview

Time on Site:
54 days
Visits:
0

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.

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117 Franklin Place Facts & Features

  • Type Commercial
  • Sq. ft. 5,552
  • Price/Sq.ft. $126
  • Lot 0.15 Acres

Details

General

Building Information

  • Year Built: 1920

Location/Region

  • County Or Parish: St Joseph
  • Subdivision Name: Vails
  • Township: Portage

Tax Information

  • Tax Annual Amount: 3201
  • Tax Year: 2023

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: 710811281011000026
  • Property Sub Type: Multi Family
  • Property Type: Commercial Sale
  • Special Listing Conditions: None

Interior

Building Interior

  • Building Area Source: Assessor

General Information

  • Building Features: Multi Tenant,Exterior Lighting,Patio,Balcony,Other
  • Electric: Other
  • Heating: Hot Water
  • Laundry Features: Lower Level,Other
  • Living Area: 5552
  • Security Features: Carbon Monoxide Detector(s),Smoke Detector(s)

Exterior

Parking Information

  • Parking Features: Additional Parking,On Street
  • Parking Total: 5

Lot Information

  • Lot Size Acres: 0.15
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 6534
  • Water Source: Public

Waterfront/View

  • Waterfront: false

General Information

  • Exterior Features: Balcony,Private Yard,Other
  • Sewer: Public Sewer
  • Utilities: Other

117 Franklin Place Neighborhood

Community

46601 (South Bend) Demographics

38
Median Age
2,400
Population Density (per sq. mile)
25%
College Educated
$24,950
Estimated Median Income
534
Estimated Total Home Owners
1,607
Estimated Total Renters
25% / 75%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

117 Franklin Place Monthly Cost

$
$ %
%
$
$
Jim Luxem Jr
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

117 Franklin Place Market Data

Based on the last 30 days in this zip code

$205,950
Average List Price
$109
Average Price per Square Foot
0
Properties Sold
41
Average Days on Market
10
Properties for Sale
Calculations provided by Reliance Network

117 Franklin Place History

Date Event Value Agent
5/6/2026Source: Northwest Indiana MLS Added to Database
May 06, 2026