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    18923 Cleveland Rd South Bend, IN 46637

    Sponsored
    For Sale
    $1,500,000

    5 Acres, Multi-Family Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 5.09-acre property, located at 18923 Cleveland Rd, South Bend, Indiana (APN: 71-04-19-351-034.00), presents a unique investment opportunity. Situated at the desirable intersection of Cleveland and Juniper Roads, this assemblage of four lots offers unparalleled convenience. A mere five-minute drive separates the property from the Notre Dame campus, while the vibrant shopping and dining options of 933 are also within easy reach. Local schools are nearby, and the Indiana/Michigan state line is just minutes away. The expansive lot size is ideally suited for a multi-family development project, allowing for significant potential returns. Alternatively, it provides ample space for a custom-built home offering substantial privacy. Adding to its appeal, the property includes an existing residential home, currently generating rental income, providing immediate cash flow. This prime location and versatile nature make this a truly exceptional opportunity for discerning investors seeking a high-potential residential development or a unique private estate. The property is zoned for residential use and is ready for immediate development. The asking price for this remarkable property is $1,500,000. Don't miss this chance to acquire a significant piece of South Bend real estate. The zip code is 46637.

    Property Features for 18923 Cleveland Rd

    General Information

    Property type
    Land
    Lot Size
    221,720 SF

    HighLights

    • $1,500,000 asking price.
    • 5.09‑acre residential land parcel.
    • Located at 18923 Cleveland Rd, South Bend, IN 46637 (APN: 71‑04‑19‑351‑034.00).
    • Prime location near Notre Dame, shopping, and dining.
    • Potential for multi‑family development or custom home.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

    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
    -86.2348051
    Latitude
    41.7236084

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    FAQs

    What type of property is this?
    Land - 5 Acres, Multi-Family Potential
    Where is this land located?
    The property is located at 18923 Cleveland Rd South Bend, IN.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price.; 5.09-acre residential land parcel.; Located at 18923 Cleveland Rd, South Bend, IN 46637 (APN: 71-04-19-351-034.00).
    (574) 250-5024
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    18923 Cleveland Rd South Bend, IN 46637
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    South Bend, IN 46637
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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
    18923 Cleveland Rd South Bend, IN 46637
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