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    Vl Jackson Rd South Bend, IN 46614

    Sponsored
    For Sale
    $10,112,200

    Prime South Bend development land, 288 acres.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 288.92-acre property presents a remarkable opportunity for residential development in South Bend, Indiana. Located on VL Jackson Rd, within the highly sought-after Penn-Harris-Madison School District, this land offers unparalleled potential. Currently used for farming, the property boasts preliminary platting and recent layout designs, streamlining the development process. Conveniently situated within the city limits, water and sewer utilities are readily accessible, although additional approvals and zoning changes may be required for higher-density projects. The location is ideal, approximately half a mile from the US 20 Bypass, ten miles from the South Bend Airport, and less than three miles from shopping amenities. Its proximity to Elkhart County's manufacturing sector and a new $3.5 billion battery plant (projected to employ 1,600) further enhances its investment appeal. The asking price is $10,112,200, or $35,000 per acre. The property is zoned Suburban Neighborhood 1. Given the average 2022 sale price of new homes in the Penn-Harris-Madison School District was $561,648 (per IRMLS), this presents a significant opportunity. The seller is open to considering potential partial sales. This is a rare chance to acquire a substantial tract of land in a thriving area with excellent infrastructure and strong market demand.

    Property Features for 0 Vl Jackson Rd

    General Information

    Property type
    Farms
    Lot Size
    12,585,355 SF

    HighLights

    • 288.92‑acre residential development site in South Bend, IN, within the Penn‑Harris‑Madison School District.
    • Preliminary platting and site designs complete; utilities readily accessible.
    • $10,112,200 asking price ($35,000/acre); seller open to partial sales.
    • Excellent location: near US 20 Bypass, South Bend Airport, and shopping; proximity to Elkhart County manufacturing and new battery plant.
    • Zoned Suburban Neighborhood 1.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    South Bend
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.206922455176
    Latitude
    41.622272527122

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    FAQs

    What type of property is this?
    Farm - Prime South Bend development land, 288 acres.
    Where is this farm located?
    The property is located at Vl Jackson Rd South Bend, IN.
    What is the asking price?
    The asking price for this property is $10,112,200.
    What are key features of this property?
    This property features: 288.92-acre residential development site in South Bend, IN, within the Penn-Harris-Madison School District.; Preliminary platting and site designs complete; utilities readily accessible.; $10,112,200 asking price ($35,000/acre); seller open to partial sales.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Vl Jackson Rd South Bend, IN 46614
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