51801 State Hwy South Bend, IN 46637
This exceptional 12.4-acre commercial development site in South Bend, Indiana, presents a lucrative investment opportunity. Strategically located between the Indiana Toll Road and the Michigan state line, the property boasts over 1,000 feet of frontage along State Road 933, a high-traffic artery with over 15,000 vehicles daily, according to the Indiana Department of Transportation. The site is conveniently situated near Notre Dame and backs onto the paved Lasalle Trail, part of the Indiana-Michigan River Valley Trail system, offering excellent visibility and accessibility. The land comprises six separate parcels (tax key numbers: 02-1025-0658, 02-1025-0659, 02-1025-0660, 02-1025-0661, 02-1003-0052, 02-1003-0053), currently containing three houses requiring demolition. The asking price is $395,000, and the property is zoned for commercial use, making it ideal for a variety of development projects. The significant value lies in the land itself, offering substantial potential for future growth and return on investment. This prime location and high traffic count make this a rare opportunity for developers seeking a strategic foothold in a thriving area.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.