59010 Magnolia Rd, South Bend, IN 46614
For Sale
1 / 4
12.73 acres of developable land with excellent frontage on the U.S. 20 Bypass on the southwest side of South Bend, Indiana. The property has convenient access to State Road 23 and the U.S. 20 Bypass and has level topography which helps minimize site development cost. Sewer and water is currently being installed to the site by the City of South Bend. The site is not only strategically located for serving Northern Indiana and Southwestern Michigan but also for the fourteen state Great Lakes and Upper Midwest region of the country. This property is located in a rapidly developing commercial and light industrial area surrounding the U.S. 20 Bypass and State Road 23 Exit. • Heavy infrastructure is in the area including Indiana Heavy Haul Truck Route designation for both highways. Double lane exit ramps at intersection. One exit to the south is the U.S. 31 Bypass to Indianapolis and nearby exits to the north including the Indiana Toll Road (I-80/90) and State Road 2, both leading to nearby Chicago.
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
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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.