1004 Madison St South Bend, IN 46617-2312
This exceptional 0.81-acre commercial land parcel, located at 1004 E. Madison St in South Bend, Indiana, presents a unique investment opportunity. Situated less than a mile from the University of Notre Dame, Eddy Street Commons, downtown South Bend, and the vibrant East Bank neighborhood, this property boasts an enviable location. Its proximity to Eddy Street, a major thoroughfare, ensures excellent accessibility while offering a quieter setting removed from high-traffic intersections. Currently zoned U1 & U2, the property allows for diverse development options, including residential, civic, and religious uses. Future zoning plans indicate a potential upgrade to U3, further expanding possibilities to include multi-unit residential projects. The ample lot size provides substantial space for various development scenarios, with plenty of room for parking. This prime location within a rapidly growing corridor makes this an ideal opportunity to capitalize on South Bend's thriving real estate market. The property's address is 1004 E Madison St, South Bend, IN 46617. The asking price is $449,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Risks
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