24355 Edison Rd South Bend, IN 46628
- Manufacturing properties
- 24,600 SF
- 2.95 lot acres
Current Use by Public Records
- Manufacturing properties
Property Details for 24355 Edison Rd
- Year built
- 1976
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 2.95 lot acres
- Property size
- 24,600 SF
- Property type
- Manufacturing properties
- APN
- 71-03-31-451-003.000-008
- APU
- 710331451003000008
Description
This exceptional 45.82-acre parcel, located at 24355 Edison Rd, South Bend, Indiana (zip code 46628), presents a unique investment opportunity. Designated by the APN numbers 71-03-31-451-001.000-009 and 71-03-31-426-001.000-009, this property is zoned for Industrial and Commercial use (IL zoning). Owned by Cogent Industrial Partners, LLC, the land is currently offered for sale by owner. The site is conveniently situated and comprises twelve individual lots ranging in size from approximately 3.0 acres to 11.3 acres. Individual lot pricing varies, ranging from $1,000,000 to $4,000,000, reflecting a price per acre between $227,273 and $400,000. Specific lot sizes and pricing are available upon request. This prime location offers significant potential for various commercial and industrial developments, making it an attractive proposition for discerning investors seeking a strategic foothold in the South Bend market. The property's size and zoning flexibility provide ample opportunity for a wide range of projects. Detailed site plans and further information are readily available. This is a rare opportunity to acquire a substantial land holding in a thriving area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $500,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $540,000
- 6.5%
- $530,000
- 7%
- $555,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $490,000
- Geo Method
- $505,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $530,000
- Retail
- $525,000
- Mixed-Use
- $615,000
- Hospitality
- $625,000
- Educational
- $675,000
- Residential Income
- $680,000
- Energy
- $650,000
- Income-Based Land
- $670,000
- Food Service
- $685,000
Location Insight
- Map
- Local Demand
- City
- South Bend
- County
- St. Joseph
- State
- Indiana
- Longitude
- -86.3388
- Latitude
- 41.6943
- CBSA code
- 43780
- CBSA name
- SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA