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    FOR SALE
    Commercial land

    59010 Magnolia Rd, South Bend, IN 46614

    Property ID
    US31-1790150
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial land
    UPID US31-1790150
    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
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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