Current Use by Public Records
- Land
Property Details for 0 Vl Jackson Rd
- Lot size
- 288.92 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
This exceptional 288.92-acre property presents a remarkable opportunity for residential development in South Bend, Indiana. Located on VL Jackson Rd, within the highly sought-after Penn-Harris-Madison School District, this land offers unparalleled potential. Currently used for farming, the property boasts preliminary platting and recent layout designs, streamlining the development process. Conveniently situated within the city limits, water and sewer utilities are readily accessible, although additional approvals and zoning changes may be required for higher-density projects. The location is ideal, approximately half a mile from the US 20 Bypass, ten miles from the South Bend Airport, and less than three miles from shopping amenities. Its proximity to Elkhart County's manufacturing sector and a new $3.5 billion battery plant (projected to employ 1,600) further enhances its investment appeal. The asking price is $10,112,200, or $35,000 per acre. The property is zoned Suburban Neighborhood 1. Given the average 2022 sale price of new homes in the Penn-Harris-Madison School District was $561,648 (per IRMLS), this presents a significant opportunity. The seller is open to considering potential partial sales. This is a rare chance to acquire a substantial tract of land in a thriving area with excellent infrastructure and strong market demand.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- South Bend
- County
- St. Joseph
- State
- Indiana
- Longitude
- -86.2069
- Latitude
- 41.6223
