3215 Prairie Ave South Bend, IN 46614
Rum Village NeighborhoodEstimated payment $5,773/month
About This Lot
Price Reduced! Welcome to an exceptional investment opportunity in South Bend! This expansive 7.92-acre parcel of commercially zoned land offers a lucrative canvas for various ventures, recently annexed into South Bend and featuring a pre-existing 2-acre retention area. Seller willing to assist with property clean up with acceptable offer. Situated in a strategically advantageous location, this property has public water and sewer accessibility, providing seamless infrastructure for development. The zoning classification allows for a diverse range of commercial uses, catering to an array of entrepreneurial visions. From retail establishments, including those with drive-through options, to restaurants, lodging facilities, and vehicle sales or service centers, the possibilities are endless. Positioned just down from the entrance to Four Winds Casino, this property benefits from a significant traffic flow, with a car count of 12,775, ensuring high visibility and exposure for any business venture. Moreover, its proximity to areas such as downtown South Bend, the South Bend Airport, and Notre Dame University, underscores its desirability and potential for success. The appeal extends beyond local boundaries, with the property conveniently located just 90 miles from the vibrant pulse of the Chicago Loop. Whether you're a seasoned investor seeking a lucrative addition to your portfolio or an entrepreneur with grand aspirations, this offering promises a gateway to commercial success in an unbeatable location. Don't miss this chance to capitalize on an unparalleled opportunity in the heart of South Bend's thriving commercial landscape. Envision your future here and make it a reality today!
Property Details
Property Type
- Land
Est. Annual Taxes
- $4,662
Lot Details
- 7.92 Acre Lot
- Property fronts a state road
- Property fronts an easement
- Finished Lot(s)
- Subdivision Possible
- Property is zoned C Commercial
Parking
- Driveway
Schools
- Monroe Elementary School
- Jackson Middle School
- Riley High School
Utilities
- Heating System Uses Gas
Listing and Financial Details
- Assessor Parcel Number 71-08-22-152-012.000-026
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $4,712 | $187,100 | $38,700 | $148,400 |
| 2023 | $3,913 | $185,300 | $38,700 | $146,600 |
| 2022 | $3,913 | $152,900 | $38,700 | $114,200 |
| 2021 | $3,881 | $145,500 | $55,200 | $90,300 |
| 2020 | $4,063 | $155,400 | $46,400 | $109,000 |
| 2019 | $3,847 | $169,800 | $55,000 | $114,800 |
| 2018 | $4,291 | $162,700 | $53,400 | $109,300 |
| 2017 | $3,719 | $135,000 | $44,700 | $90,300 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/24/2025 04/24/25 | Price Changed | $975,000 | -18.8% | -- |
| 02/28/2025 02/28/25 | Price Changed | $1,200,000 | -7.0% | -- |
| 10/02/2024 10/02/24 | Price Changed | $1,290,000 | -7.3% | -- |
| 08/14/2024 08/14/24 | Price Changed | $1,391,000 | -15.7% | -- |
| 04/29/2024 04/29/24 | For Sale | $1,650,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | Fidelity National Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $850,000 | New Conventional | |
| Previous Owner | $2,100,000 | Construction | |
| Previous Owner | $2,100,000 | Construction | |
| Previous Owner | $850,000 | New Conventional |
Source: Indiana Regional MLS
MLS Number: 202414706
APN: 71-08-22-152-012.000-026
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