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Property profile & analytics
OFF-MARKET
Commercial real estate

2510 Prairie Ave South Bend, IN 46614

0.55 ac lot
Property ID
US31-1300441
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Lot 0.55 ac (23,958 SF)
UPID US31-1300441
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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