Financial
Distress signals
Property profile

1840 Commerce Dr South Bend, IN 46628

FOR SALE
Warehouses
Property ID
US31-1796275
101,504 SF 4.08 ac lot Built 1978
Last sale May 2022 · $13,612,147
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$21k
Tax billed · 2023
Assessed value$634k
Assessed land$27k
Assessed improvement$607k
Effective rate3.38%

Value estimate

· Sep 2026
$12.84M
$11.55M – $14.12M
AI approach$9.05M
CAP approach$12.17M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$43/SF
County average, outlier-cleaned · 32 recorded sales of this use type
Observed band · Q1–Q3$17 – $63

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionST JOSEPH

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency14.5
Pharmacy10.4
Hair Salon10.1

Location

1840 Commerce Dr South Bend, IN 46628
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1735 Bendix, South Bend, IN 46628-1601 $655,000 Mar 2021 27,419 SF
1827 Bendix, South Bend, IN 46628-1602 $5,300,000 Jan 2021 204,772 SF
5550 Cleveland, South Bend, IN 46628-9707 $5,900,000 Jan 2021 58,827 SF
4303 Technology, South Bend, IN 46628-9751 $2,125,000 Dec 2020 49,224 SF
24831 Us Hwy 20, South Bend, IN 46628-5911 $2,000,000 Oct 2020 25,300 SF
3230 Rosetta Pl, South Bend, IN 46628-3449 $1,310,000 Sep 2020 28,916 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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