401 Colfax Ave, South Bend, IN 46617

1,000 - 45,755 SF of Space Available in South Bend, IN 46617

Asking Price $0-$22 /SF/YR

Property Type
Office
RSF (Rentable Sq. Ft)
110,648 SF

Listing Contacts

Dave Matthews

Property Overview

The newly renovated Commerce Center is a class B+ office building in downtown South Bend's East Bank neighborhood. With plenty of parking (and a garage under construction), the Commerce Center offers an easy park, walkable urban feel with excellent building amenities. Lease terms are negotiable, with most tenants opting for a full service gross (cleaning, taxes, electricity, maintenance, and parking are included).
A food hall in the main lobby has three restaurant entrepreneurs providing a mix of breakfast, lunch, and dinner fare. Newly polished concrete hallways with canvas artwork adorn the walls. Access control system for evening & weekend entry.
The Commerce Center was included as part of the Indiana Regional Cities initiative. The block has a new parking garage, Mixed-Use and residential building with 1st floor grocery. Guest and visitors can enjoy covered parking in the garage, with plenty (100+) of short term visitor parking in the adjacent surface parking lot.
The Commerce Center is listed on the National Register of Historic Places and was originally constructed as a power plant in 1911 for I & M City Electric (later to merge with the Indiana Michigan Power Company). This five-story, ~100,000 square foot building with century-old architectural details was once considered one of the most modern electrical plants in the state, and signified a major investment in the future of South Bend' s economy. In addition to producing electricity, the plant also supplied steam heat to area businesses. While production of electricity ceased in 1952, steam was produced for another two decades.
Technological advancements eventually rendered the plant obsolete, leading to the sale of the entire I&M complex to the City Department of Redevelopment in the 1980' s to be re-purposed as an office and athletic facility. Today the Commerce Center continues to function as an office complex and stands as an integral part of the historic preservation movement taking place across the city.
The Commerce Center is located in the East Bank Village, a popular neighborhood on downtown' s East side with strong historical connections to Notre Dame and the greater community. Located within the Central Business District, the Commerce Center is a five minute walk away from several popular restaurants, parks, banks, hotels, office and government locations, and retail shops. It also benefits from abundant parking and easy access to highways, mass transit, Notre Dame, and Mishawaka.
Local events like the Music in the Park Series, wine and beer walks, art fairs and First Friday celebrations provide great recreational options during and after the typical workday. Unique attractions such as the bike trails, man-made white water course, and South Bend River Lights add to the quality of life for residents, staff, and visitors.

Property Details

Class
B
Year Built
1912
Property Subtype
Loft/Creative Space

Highlights

  • Local Ownership & Full-time on site maintenance staff
  • Excellent exposure (highest traffic counts in South Bend's CBD)
  • Access to high-speed fiber optic internet
  • 24-hour secure building
  • On-site private parking & private garage
  • Grocery store and Pharmacy

All available spaces

Space
1st Floor
Size
20,178,254 SF
Term
Negotiable
Condition
Partial Build-Out
Rate per SF
$16
Space Subtype
Relet
Space
1st Floor, Ste 116
Size
10,003,675 SF
Term
Negotiable
Rate per SF
$12
Space Subtype
Relet
Space
2nd Floor, Ste 204
Size
18,502,000 SF
Term
Negotiable
Condition
Full Build-Out
Rate per SF
$22
Space Subtype
Relet
Space
2nd Floor, Ste 205 , 255
Size
17,895,820 SF
Term
Negotiable
Condition
Full Build-Out
Rate per SF
$16
Space Subtype
Relet
Space
2nd Floor, Ste 216
Size
3,693 SF
Term
Negotiable
Condition
Full Build-Out
Rate per SF
$16
Space Subtype
Relet
Space
3rd Floor, Ste 305
Size
3,407 SF
Term
Negotiable
Condition
Full Build-Out
Rate per SF
$22
Space Subtype
Relet
Space
3rd Floor, Ste 350
Size
3,753 SF
Term
Negotiable
Condition
Full Build-Out
Rate per SF
$22
Space Subtype
Relet
Space
4th Floor, Ste 400
Size
700,014,033 SF
Term
Negotiable
Condition
Full Build-Out
Rate per SF
$10
Space Subtype
Relet
Space
5th Floor, Ste 500
Size
1,120 SF
Term
Negotiable
Condition
Full Build-Out
Space Subtype
Relet

FAQ

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