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    2016 Edison Rd South Bend, IN 46617

    Sponsored
    For Sale
    $869,000

    High-density redevelopment opportunity near Notre Dame.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.67-acre commercial land parcel in South Bend, Indiana, presents a prime redevelopment opportunity. Located at 2016 Edison Rd, this property boasts nearly 200 feet of frontage on a road with approximately 14,000 cars daily, and is situated less than half a mile from the University of Notre Dame campus. The site includes a 3,840 square foot restaurant building currently leased for $4,300 per month on a modified gross lease, situated on 0.45 acres, plus an additional 0.22-acre vacant parcel. Combined lot dimensions are 198x148 feet. The property benefits from its strategic location between SR 23 and Edison Rd (nearly 38,000 cars daily), close proximity to downtown South Bend and the Main St./Grape Rd. commercial corridor in Mishawaka (both under 3 miles), and convenient access to the Indiana Toll Road Interchange at SR 933 (3 miles) and South Bend International Airport (6 miles). Zoned NC: Neighborhood Center, this property offers significant potential for high-density development, favored by the City of South Bend. 2022 property taxes totaled $4,964.44. The asking price is $869,000.

    Property Features for 2016 Edison Rd

    General Information

    Property type
    Land
    Lot Size
    29,185 SF

    HighLights

    • 0.5‑mile proximity to the University of Notre Dame.
    • Under 3 miles to Downtown South Bend.
    • Less than 3 miles to the Main Street/Grape Road commercial corridor.
    • High‑density redevelopment potential.
    • Almost 200 feet of street frontage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -86.217725425277
    Latitude
    41.694485251472

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    FAQs

    What type of property is this?
    Land - High-density redevelopment opportunity near Notre Dame.
    Where is this land located?
    The property is located at 2016 Edison Rd South Bend, IN.
    What is the asking price?
    The asking price for this property is $869,000.
    What are key features of this property?
    This property features: 0.5-mile proximity to the University of Notre Dame.; Under 3 miles to Downtown South Bend.; Less than 3 miles to the Main Street/Grape Road commercial corridor.
    (574) 243-9522
    Request Owner's contact information
    2016 Edison Rd South Bend, IN 46617
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    South Bend, IN 46617
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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
    2016 Edison Rd South Bend, IN 46617
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