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    23761 Western Ave South Bend, IN 46619

    Sponsored
    For Sale
    $320,000

    0.89-acre lot, prime business zoning.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.89-acre commercial land parcel presents a remarkable development opportunity in South Bend, Indiana. Located at the corner of Western Avenue and Elmer Avenue, this property boasts a highly desirable B-Business zoning designation, allowing for a wide range of commercial uses. The lot measures approximately 156 feet by 251 feet and is situated adjacent to a Northwest Bank branch, ensuring high visibility and accessibility. Its strategic location on Western Avenue (SR 2), less than a mile from the SR 2 and US 31 interchange and just 4 miles west of downtown South Bend, provides unparalleled convenience and exposure to a substantial customer base. The area is characterized by a thriving mix of commercial and retail businesses, complemented by nearby residential neighborhoods. Recent improvements to Western Avenue, including new sidewalks and enhanced lighting, further enhance the property's appeal and attractiveness. The property's APN is 71-08-08-152-021.000.025. This is a ready-to-develop site in a high-traffic corridor, making it an ideal investment for discerning entrepreneurs and developers seeking a prime location to establish their business. The asking price for this exceptional property is $320,000.

    Property Features for 23761 Western Ave

    General Information

    Property type
    Land
    Lot Size
    38,768 SF

    HighLights

    • Vacant land adjacent to Northwest Bank.
    • Corner lot at Western & Elmer Avenues.
    • High‑traffic location, ideal for development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Accounting Firm

    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
    -86.3274209
    Latitude
    41.6723703

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    FAQs

    What type of property is this?
    Land - 0.89-acre lot, prime business zoning.
    Where is this land located?
    The property is located at 23761 Western Ave South Bend, IN.
    What is the asking price?
    The asking price for this property is $320,000.
    What are key features of this property?
    This property features: Vacant land adjacent to Northwest Bank.; Corner lot at Western & Elmer Avenues.; High-traffic location, ideal for development.
    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
    23761 Western Ave South Bend, IN 46619
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