31 Bus South Bend, IN 46614
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.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.