22401 SR 23

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22401 SR 23

South Bend, IN 46614
Asking Price
$2.08M
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Commercial land parcel totaling 19.85 acres for sale.
  • Property located at 22401 SR 23 in South Bend.
  • Asking price for this development site is 2,084,250 dollars.
  • Site supports diverse commercial development and site planning projects.
  • Located within a growing suburban corridor of South Bend.
  • Strategic position offers connectivity to regional transportation routes.

What's Special

This land for sale at 22401 SR 23 in South Bend, Indiana, provides a substantial 19.85-acre site suitable for investors and developers focused on commercial projects. The parcel presents a versatile canvas for various commercial applications in a region characterized by its steady suburban growth and access to the broader Michiana economic hub. South Bend maintains a diverse regional economy supported by significant educational institutions and manufacturing sectors, creating a stable environment for long-term development strategies. Positioned along a key arterial corridor, the site offers visibility and accessibility essential for retail, service-oriented businesses, or specialized commercial facilities. The scale of the property allows for comprehensive site planning and phased development, catering to market needs within the growing local population. Investors and developers seeking to expand their footprint in the Northern Indiana market will find this acreage strategically situated to accommodate substantial infrastructure and build-to-suit requirements.

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NOI
$80,000
Cap Rate
3.84%
DSCR
0.65
Underwater
Cash-on-Cash
-7.00%
Monthly Payment
$10,311.732
Annual Cash Flow
$-43,740.782

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