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    23 And Indiana Ave South Bend, IN 46613

    For Sale
    $57,900

    Five lots, ½ acre, high traffic area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional industrial land offering encompasses five contiguous lots totaling approximately half an acre, strategically located at the intersection of Prairie Avenue (SR 23) and Indiana Avenue in South Bend, Indiana, zip code 46613. The property boasts approximately 131 feet of frontage and a depth of 165 feet, featuring a level and clear site. Public utilities are anticipated to be readily accessible at the curb. An additional 27.5 feet of frontage may be available, pending further investigation. The site's history includes a former bar/restaurant on one of the lots, and there are no known environmental concerns. Previously zoned commercial, the city has since rezoned the area to NC Neighborhood Center designation, permitting a mixed-use development of retail, office, and residential components. The possibility of rezoning back to general commercial use exists. The property's proximity to the Four Winds Casino and the bypass positions it within a heavily traveled corridor, offering significant development potential. The South Bend Community School Corp. serves the area, although school-related considerations are not warranted for this commercial property.

    Property Features for 23 And Indiana Ave

    General Information

    Property type
    Land
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    South Bend
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.265496
    Latitude
    41.657347

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    FAQs

    What type of property is this?
    Land - Five lots, ½ acre, high traffic area.
    Where is this land located?
    The property is located at 23 And Indiana Ave South Bend, IN.
    What is the asking price?
    The asking price for this property is $57,900.
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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
    23 And Indiana Ave South Bend, IN 46613
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