2510 Prairie Ave South Bend, IN 46614
This exceptional 0.55-acre commercial land parcel, located at 2510 Prairie Avenue in South Bend, Indiana, presents a unique investment opportunity. The property boasts dimensions of 74' x 348' and includes a 1,692 square foot, one-and-a-half-story residential building (878 sq ft main level, 814 sq ft upper level, plus a full basement). Additional improvements consist of a 400 square foot detached garage and a 64 square foot utility/storage shed. The site benefits from convenient access to municipal water and sewer services. Its size and shape offer diverse development potential. Strategically situated less than a quarter mile from the Four Winds Casino and US 20 Bypass, this property enjoys exceptional visibility and proximity to major transportation arteries. Less than a mile from US-31 and approximately three miles from both the US-31/20 Bypass and downtown South Bend, the location is highly desirable. Surrounded by a mix of light-industrial users, commercial businesses, and residential neighborhoods, and situated slightly southeast of a burgeoning light industrial area, this property is ideally positioned for future growth. The property is zoned S1. The asking price is $229,000. This is a rare opportunity to acquire a versatile commercial property in a rapidly developing area of South Bend.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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
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.