24355 Edison RdSouth Bend, IN 46628

Property Details for 24355 Edison Rd

Year built

1976

Construction

TYPE NOT SPECIFIED

Lot size

2.95 AC

Property size (Sq ft)

24,600 SF

Property type

Manufacturing properties

APN

71-03-31-451-003.000-008

APU

710331451003000008

Description

This exceptional 45.82-acre parcel, located at 24355 Edison Rd, South Bend, Indiana (zip code 46628), presents a unique investment opportunity. Designated by the APN numbers 71-03-31-451-001.000-009 and 71-03-31-426-001.000-009, this property is zoned for Industrial and Commercial use (IL zoning). Owned by Cogent Industrial Partners, LLC, the land is currently offered for sale by owner. The site is conveniently situated and comprises twelve individual lots ranging in size from approximately 3.0 acres to 11.3 acres. Individual lot pricing varies, ranging from $1,000,000 to $4,000,000, reflecting a price per acre between $227,273 and $400,000. Specific lot sizes and pricing are available upon request. This prime location offers significant potential for various commercial and industrial developments, making it an attractive proposition for discerning investors seeking a strategic foothold in the South Bend market. The property's size and zoning flexibility provide ample opportunity for a wide range of projects. Detailed site plans and further information are readily available. This is a rare opportunity to acquire a substantial land holding in a thriving area.

• CAP approach

  CAP return

  Valuation

  6%

  $9,263,760

  6.5%

  $8,551,160

  7%

  $7,940,370

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,126,640

  Geo Method

  $5,126,640

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $4,455,980

  Mixed-Use / Specialty

  $4,496,030

  Hospitality / Lodging

  $3,371,420

  Office

  $4,527,580

  Institutional / Educational

  $4,694,050

  Residential Income

  $5,492,040

  Multifamily

  $6,276,750

  Automotive / Energy

  $4,023,470

  Parking / Income-Based Land

  $1,333,190

  Restaurant / Food Service

  $2,457,800

  Healthcare / Senior Housing

  $4,553,230

Location Insight

City

South Bend

County

St. Joseph

State

Indiana

Latitude

41.6943

Longitude

-86.3388

CBSA code

43780

CBSA name

SOUTH BEND-MISHAWAKA, IN-MI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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