Current Use by Public Records
- Land
Property Details for 31 Bus
- Lot size
- 0.72 lot acres
- Property type
- Land
Description
Exceptional commercial land opportunity in South Bend, Indiana, totaling approximately 0.72 acres situated on US 31 South. This strategically located parcel offers significant development potential, boasting high visibility and convenient access to major transportation arteries. The property is zoned C: Commercial, allowing for a variety of uses. Currently generating $2,000 annual income from a billboard, this adds immediate return on investment. The site is conveniently located just one mile from the US 20 Bypass, 4.5 miles from IN-23, 5 miles from Downtown South Bend, 7 miles from Notre Dame University, 7 miles from IN-31/Capital Ave, and 7.5 miles from IN-2 West to Chicago. Neighboring a 2018-built Dollar General, this property benefits from established commercial presence. While there is an AEP easement along Old US 31 affecting approximately 0.11 acres, this will be fully explained. The property is within South Bend City limits and has an asking price of $74,900, translating to approximately $104,166.66 per acre. Annual property taxes are $681.66. This is a prime opportunity for investors seeking high-growth potential in a thriving commercial area. Don't miss this chance to acquire a highly visible and well-positioned commercial lot.
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
- -86.2533
- Latitude
- 41.6104
