
The South Bend Schools left because the building requires extensive renovation to bring it to modern code and environmental standards. Because this will be costly, and if no buyer is found it will be demolished, the building is being offered for just $1. The purchaser may also be able to negotiate financial assistance in the form of grants, tax credits and various redevelopment loans.
Those of you who bemoan the loss of the areas historical buildings as we trend toward big box retailers, this is your chance. Recruit three business partners, form your LLC, and begin work on a development proposal. You can each renovate one floor and create the areas most interesting mixed-use retail/residential building. If you need inspiration, you might look to the Tippecanoe Place Restaurant, which is another building that was created by the Studebakers and occupied by the South Bend Schools.