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    1509 Michigan St South Bend, IN 46613

    Sponsored
    For Sale
    $85,000

    0.52-acre industrial land, high traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.52-acre commercial land parcel presents a unique investment opportunity in South Bend, Indiana. Located at 1509 Michigan Street, this property boasts 138 feet of frontage on South Michigan Street (US 31), a major thoroughfare with a daily traffic count of 12,158 vehicles. The property's strategic location places it just south of Ivy Tech Community College, ensuring high visibility and accessibility. Zoned NC - Neighborhood Center, the land offers versatile development potential, accommodating a range of uses including storefront retail, professional offices, medical and dental clinics, and restaurants. The parcel is surrounded by a mix of commercial and residential properties, creating a vibrant and established neighborhood. The property's APN is 71-08-13-156-025.000-026

    Property Features for 1509 Michigan St

    General Information

    Property type
    Land
    Lot Size
    22,651 SF

    HighLights

    • High‑traffic commercial location.
    • Suitable for office or retail tenants.
    • 138 feet of frontage on South Michigan Street.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    South Bend
    County
    St Joseph
    State
    Indiana
    Longitude
    -86.2504206
    Latitude
    41.6586609

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    FAQs

    What type of property is this?
    Land - 0.52-acre industrial land, high traffic.
    Where is this 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.
    What are key features of this property?
    This property features: High-traffic commercial location.; Suitable for office or retail tenants.; 138 feet of frontage on South Michigan Street.
    Request Owner's contact information
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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
    1509 Michigan St South Bend, IN 46613
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