Listing Agency: NAI Cressy - Mishawaka

Listed By: Tim Mehall · License #IN RB14019970

Source: Crexi

Added: Jul 7, 2022 Changed: Aug 13 Last Checked: Aug 23 at 10:54AM

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Investment Insights

Based on property information with market context.

This 0.52-acre commercial land parcel features 138 feet of frontage on South Michigan Street (US 31). Zoned for mixed-use, the site is suitable for storefront retail, professional offices, medical and dental clinics, and restaurants. The property is located on the west side of the road, just south of Ivy Tech. The area experiences a daily traffic count of 12,158 cars on this one-way street leading north to the downtown area. The surrounding area includes other commercial and retail businesses, as well as single-family residential properties.

Property Analytics

Property Profile

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Pharmacy Spa & Massage Center Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

517

Businesses Nearby

Explore this area Business Placement

Demographics for 46613, IN

11,427

Population

4,758

Households

2.4

Avg Household Size

30

Median Age

13%

College-Educated

82%

High-School Grad

3.2 sq mi

ZIP Area

3,571

Density / Sq Mi

$41,625

Median Household Income

$23,984

Median Earnings

$991

Median Rent

$71,000

Median Home Value

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Frequently Asked Questions

What type of property is this?

Commercial land - 0.52-acre commercial land parcel with frontage on South Michigan Street.

Where is this commercial land located?

The property is located at 1509 Michigan St South Bend, IN.

What is the asking price?

The asking price for this property is $85,000.