1025 Madison St South Bend, IN 46617-2311
This exceptional 0.43-acre commercial land parcel, located at 1025, 1029, and 1033 E Madison St in South Bend, Indiana, presents a compelling investment opportunity. The property boasts over 200 feet of frontage on a high-traffic street, ensuring excellent visibility and accessibility. Its prime location is less than a mile from the University of Notre Dame, Eddy Street Commons, downtown South Bend (DTSB), and the East Bank neighborhood, providing immediate access to a vibrant and growing community. The site is zoned for Neighborhood Center use, allowing for a diverse range of development options, including multi-unit residential projects and various commercial ventures. The ample lot size offers significant potential for substantial development, with plenty of space for parking and other amenities. The property's APN numbers are 71-08-01-482-012.000-026, 71-08-01-482-013.000-026, and 71-08-01-482-014.000-026. The asking price for this strategically located and versatile property is $299,000. This is a rare chance to acquire a highly desirable parcel in a thriving area of South Bend, offering significant potential for long-term growth and return on investment.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.