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Off Market
1/26

400 E Lasalle Ave
South Bend, IN 46617


OVERVIEW

The newly renovated Commerce Center is a class A 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 is currently being constructed, and will feature five rotating vendors. Newly polished concrete hallways with canvas artwork adorn the walls. Access control system for evening & weekend entry. The Commerce Center is included as part of the Indiana Regional Cities initiative. When complete, the block will have a new parking garage (2019), Mixed-Use residential building with 1st floor grocery (2020). Guest and visitors will enjoy covered parking, with plenty of short term visitor parking next to the building. 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.

FOR LEASE DETAILS

PRICE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

The Oliver Coworking Suite

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Loft/Creative Space

TOTAL BUILDING SIZE

110648

STORIES

5

BUILDING CLASS

B

YEAR BUILT

1912

SPRINKLERS

-

PARKING SPACES

485

LAND DETAILS

LAND ACRES

2.91 AC AC

LAND SF

126,797 SF

ZONING

-

APN/PARCEL ID

71-08-12-129-011.000-026