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    V/L Cleveland Rd South Bend, IN 46628

    For Sale
    $1,216,000

    Prime South Bend industrial land, development-ready.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 13.88-acre parcel of commercially zoned land presents a compelling investment opportunity in South Bend, Indiana. Located on Cleveland Road, this property boasts convenient access to major transportation arteries, including US 31, the South Bend International Airport, and the South Shore Train Line, all within a five-mile radius. The site is situated less than two miles from the Meghan Beeler Ct & William Richardson Dr industrial park, ensuring a strategic location within an established industrial area. The property is served by municipal utilities, making it immediately development-ready. The land is divisible, offering flexibility for buyers. The asking price is $1,216,000, with the land valued at $75,000-$110,000 per acre, depending on the section purchased. Area A comprises approximately 4-5 acres and is priced at $110,000 per acre, while Area B encompasses approximately 8-9 acres and is priced at $75,000 per acre. The property's APN is 71-03-21-151-003.000-009. This is an ideal site for industrial development, offering significant potential for growth and return on investment. The property's location and zoning make it a highly attractive proposition for businesses seeking a strategic presence in the South Bend area. The parcel may be purchased as a whole or divided, providing buyers with considerable flexibility.

    Property Features for 0 V/L Cleveland Rd

    General Information

    Property type
    Land
    Lot Size
    604,613 SF

    HighLights

    • Development‑ready land with municipal utilities and industrial zoning.
    • Divisible parcel; available for sale as a whole or in parts.
    • Excellent access to major roadways.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    South Bend
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.31016
    Latitude
    41.732713

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    FAQs

    What type of property is this?
    Land - Prime South Bend industrial land, development-ready.
    Where is this land located?
    The property is located at V/L Cleveland Rd South Bend, IN.
    What is the asking price?
    The asking price for this property is $1,216,000.
    What are key features of this property?
    This property features: Development-ready land with municipal utilities and industrial zoning.; Divisible parcel; available for sale as a whole or in parts.; Excellent access to major roadways.
    (574) 970-9006
    Request Owner's contact information
    V/L Cleveland Rd South Bend, IN 46628
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    South Bend, IN 46628
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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
    V/L Cleveland Rd South Bend, IN 46628
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