3215 Prairie Ave South Bend, IN 46614
This exceptional 7.92-acre commercial land parcel in South Bend, Indiana, presents a significant investment opportunity. Located directly across from Four Winds Casino, this property boasts unparalleled visibility and accessibility, with a daily traffic count exceeding 12,775 vehicles. Recently annexed into South Bend, the land is zoned for commercial use and offers a wide range of development possibilities. Public water and sewer are readily available, simplifying infrastructure needs. The existing 2-acre retention area is a valuable asset, reducing development complexities. Permitted uses include retail (including drive-through options), restaurants, lodging, and vehicle sales/service centers. Its strategic location near downtown South Bend, the South Bend Airport, and Notre Dame University ensures high demand and potential for strong returns. The property's proximity to Chicago (90 miles) further enhances its appeal to a broader market. This is an ideal site for businesses seeking high visibility and convenient access to a large customer base. The asking price is $1,290,000. This prime location offers unlimited potential for commercial success.
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
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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.