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    21189 Cleveland Rd South Bend, IN 46628

    Sponsored
    For Sale
    $1,064,000

    3.08 Acres, I-80/90 Visibility, Seller Financing

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 3.08-acre commercial land parcel presents a remarkable investment opportunity in South Bend, Indiana. Located at 21189 Cleveland Road, this property boasts unparalleled visibility with over 28,000 cars passing daily, thanks to its strategic position near the Indiana I-80/90 toll road. The site is conveniently situated approximately two miles from the US 31 Bypass ramp, ensuring easy access for commuters and customers. The surrounding area offers a vibrant mix of amenities, including convenient shopping centers, diverse restaurants, and high-density multi-family housing, creating a strong and established market. The property's location near the German Township library further enhances its appeal. Its corner lot position and ample acreage provide excellent potential for subdivision and the development of outlots, catering to a variety of commercial uses. Adding to its attractiveness, seller financing is available, making this a highly accessible and potentially lucrative investment. The property's APN is 71-03-22-476-043.00. This prime location and flexible financing options make this a truly exceptional opportunity for discerning investors. The asking price for this exceptional property is $1,064,000.

    Property Features for 21189 Cleveland Rd

    General Information

    Property type
    Land
    Lot Size
    134,165 SF

    HighLights

    • Asking price: $1,064,000
    • 3.08‑acre commercial land parcel
    • Located at 21189 Cleveland Rd, South Bend, IN 46628 (APN: 71‑03‑22‑476‑043.00)
    • High visibility location with over 28,000 cars per day, near I‑80/90 and US 31 Bypass.
    • Subdivision and outlot development potential; seller financing available; broker‑owned.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop Gym & Fitness

    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
    -86.2787457
    Latitude
    41.7234832

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    FAQs

    What type of property is this?
    Land - 3.08 Acres, I-80/90 Visibility, Seller Financing
    Where is this land located?
    The property is located at 21189 Cleveland Rd South Bend, IN.
    What is the asking price?
    The asking price for this property is $1,064,000.
    What are key features of this property?
    This property features: Asking price: $1,064,000; 3.08-acre commercial land parcel; Located at 21189 Cleveland Rd, South Bend, IN 46628 (APN: 71-03-22-476-043.00)
    (574) 250-5024
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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
    21189 Cleveland Rd South Bend, IN 46628
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