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1740 E South Bend Ave
South Bend, IN 46637

Land For Sale · 0.74 AC

Investment Highlights

  • This parcel is available for $950,000 or can be leased for $4,000 per month triple net (NNN).
  • Extremely valuable piece of land
  • Zoned LB- Local Business

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use Commercial
Total Lot Size 0.74 AC

Description

0.74 acres of zoned LB- Local Business with a 1,500 SF restaurant currently occupied by the Mago Cafe. This site has multiple points of access and is located 1,200 feet from the University of Notre Dame Campus on the heavily traveled South Bend Avenue (State Road 23) which is a major thoroughfare connecting Mishawaka/Granger and Downtown South Bend to the University of Notre Dame campus. South Bend Avenue (State Road 23) is the primary artery for morning and evening commutes for all Mishawaka/Granger/South Bend employees working downtown South Bend or at the university. The site is additionally complimented by steady traffic through the entire day with a traffic count of 25,619 cars per day which is one of the highest counts in St. Joseph County. The site is also within walking distance to a majority of the off campus student housing options. The contiguous (neighboring) parcel to the south is also available when combined totaling 1.21 acres. The site is perfect for a quick serve restaurant, jewelry store, financial institution, medical use, attorney’s office, residential/multi-family or mixed-use (1st floor retail/office and residential on upper floors enjoying university views). This parcel is available for $950,000 or can be leased for $4,000 per month triple net (NNN). The building is just seconds from the University of Notre Dame and minutes from downtown South Bend, Mishawaka, Saint Mary’s College, Holy Cross College and Indiana University-South Bend (IUSB). Also close by is Eddy Street Commons, the University Park Mall Trade Area and many other commercial, retail and residential developments.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
71-04-31-479-001.000-004
Land Assessment
$158,600
Improvements Assessment
$1,942,900
Total Assessment
$2,101,500

zoning

Zoning Code LB- Local Business
LB- Local Business
  • Listing ID: 13726932

  • Date on Market: 9/7/2018

  • Last Updated:

  • Address: 1740 E South Bend Ave, South Bend, IN 46637

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