2037 Ireland Rd South Bend, IN 46614-2908
This exceptional 0.16-acre commercial land parcel presents a unique investment opportunity in South Bend's thriving Southland Plaza. Ideally situated on Ireland Road, this single-tenant outlot boasts approximately 110 feet of frontage and 60 feet of depth, offering excellent visibility and accessibility. The property benefits from convenient dual access points from both Ireland Road and Ironwood Road, ensuring optimal traffic flow. Southland Plaza enjoys a 100% occupancy rate, featuring a strong mix of retail businesses including Speedway Gas Station, Wings Etc., and Belmont Beverage, creating a vibrant and desirable commercial environment. The site's strategic location near the Ironwood exit of US 20 Bypass guarantees high traffic volume, with a combined daily count of 38,000 vehicles on Ireland and Ironwood Roads. Utilities are readily available on-site. This outlot is zoned CB Community Business and is perfect for an ATM or similar use. The property's proximity to several major banking centers further enhances its appeal and potential for success. This is a rare opportunity to secure a prime location in a high-traffic, established retail center. The APN is 71-09-30-277-012.000-002, located in St. Joseph County.
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
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.