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Property profile & analytics
OFF-MARKET
Land

53438 Olive St South Bend, IN 46628

85.5 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 85.5-acre industrial land parcel in South Bend, Indiana, presents a remarkable development opportunity. Strategically located with unparalleled visibility along the US-31 Bypass and minutes from the 80/90 Toll Road interchange, Nimtz Parkway, the Michigan state line, and South Bend International Airport, this property offers unmatched accessibility. Currently zoned for a use that allows for light industrial and manufacturing, the seller is willing to cooperate with rezoning to suit a buyer's specific needs. The site's proximity to a burgeoning area of logistics-based businesses makes it highly attractive for various industrial uses. Utilities, including water and sewer, are readily available at the roadside. Adding to its versatility, the property is divisible, allowing for flexibility in development plans. For developers seeking a build-to-suit option, the seller is open to constructing a facility and leasing it back, providing a unique investment opportunity. The property's Assessed Parcel Number (APN) is 71-03-30-176-004.00. This is a rare chance to acquire a significant land holding in a high-growth area with excellent infrastructure and connectivity. The asking price for this exceptional property is $6,300,000.

Property profile
Verified
Property type Land
Lot 85.5 ac (3,724,380 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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