1724 E South Bend Ave (0.47 Acres VL)

Vacant Land for Sale
Catylist Listing ID: 30328910
Property Subtypes: Office, Retail
Gross Land Area: 0.47 Acres
Sale Price: $450,000
Unit Price: $957,446 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/18/2018

Overview / Comments

0.47 acres of vacant land with access from South Bend Avenue (State Road 23) and Charles Street via an easement which is to be described, 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. The road 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 north (southeast corner of Charles Street and South Bend Avenue) is also available when combined totaling 1.21 acres. The site is perfect for a quick serve restaurant, attorney, jewelry store, financial institution, medical use, residential or mixed-use (1st floor retail/office and residential on upper floors enjoying university views). This parcel is available for $450,000 or can be leased for $2,000 per month triple net (NNN).

Additional Details

Nearest MSA: South Bend-Mishawaka
County: St Joseph
Tax ID/APN: 71-04-31-479-003.000-004;71-04-31-479-002.000-004
Zoning: LB- LOCAL BUSINESS
Area Description: 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.
Zoning Description: LB- Local Business
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,570 106,241 194,834
Median Age: 28.37 34.26 35.42
Households: 4,508 41,402 75,651

Contact

Photograph of Listing Agent

Noah Davey, CCIM

NAI Cressy CPIX Member
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