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85.5 Acres Development Opportunity
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53438 Olive, South Bend, IN 46628

85.5 acres of land with high visibility on US-31.

Property Size3,724,380 SF
Lot Size85.50 Acres
Days on Market1305

Property Features for 53438 Olive

General Information

Standard status Active
Size 3,724,380 SF
Lot size 85.50 Acres
Property subtype Industrial, Land, Multifamily, Retail
Listing Agency: Irish Realty
Listed By: Steve Cooreman · License #IN RB14012612
Source: Crexi
Added: Feb 15, 2023 Changed: Aug 27 Last Checked: Sep 11 at 7:19AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Irish Realty

Investment Insights

Based on property information with market context.

This offering comprises five parcels, totaling 85.5 acres, situated in a location with visibility along US-31 Bypass. The site is located minutes from the 80/90 Toll Road interchange, US 31 Bypass, Nimtz Parkway, the Michigan State line, and South Bend International Airport. The land is currently surrounded by light industrial and manufacturing properties. Water and sewer utilities are available at the road. The site is divisible. The seller is open to cooperating with rezoning efforts to accommodate a buyer's preferred use. The area is experiencing growth in logistic-based businesses. The seller offers a build-to-suit and lease-back option.

Key Highlights

  • Prime location with high visibility along US‑31 Bypass.
  • Development potential with 85.5 acres and divisible site.
  • Close proximity to 80/90 Toll Road, Nimtz Parkway, Michigan State line, and South Bend International Airport.

Property Analytics

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Current Use

Industrial land

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Plumbing Service Kitchen & Bath Showroom Building Supply Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

16
Businesses Nearby

Demographics for 46628, IN

27,011
Population
12,266
Households
2.2
Avg Household Size
38
Median Age
26%
College-Educated
92%
High-School Grad
34.2 sq mi
ZIP Area
790
Density / Sq Mi
$56,889
Median Household Income
$37,423
Median Earnings
$1,068
Median Rent
$164,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Land - 85.5 acres of land with high visibility on US-31.
Where is this land located?
The property is located at 53438 Olive South Bend, IN.
What are key features of this property?
This property features: Prime location with high visibility along US‑31 Bypass.; Development potential with 85.5 acres and divisible site.; Close proximity to 80/90 Toll Road, Nimtz Parkway, Michigan State line, and South Bend International Airport.
(574) 250-5024 Call to check price and availability
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