Commercial
36.76 AC US-31 Commercial Land | South Bend, IN
7151 IN-931, South Bend, IN 46614
Listing Price: $1,761,392
Investment Overview
Marcus & Millichap is pleased to exclusively present a prime commercial development and investment opportunity: 36.76 AC US-31 Commercial Land in South Bend, Indiana. The site offers ~1,344 feet of frontage along US-31 (23,018 VPD) and ~1,080 feet along IN-931, within the US-31 Corridor free access highway stretching from South Bend to Indianapolis, just 0.5 miles from the US-31 & Kern Rd interchange.
Zoned commercial with provisions for light industrial, the property is supported by water and sewer access at the street, along with 200-amp electric and gas service. Currently configured as three parcels, the site features an existing structure occupied by a full-service, authorized E-Z-GO golf cart dealership.
South Bend, located in St. Joseph County, Indiana’s fifth-largest county, is a dynamic business hub. The county has a population of 272,912 and an affluent AHHI of $96,583 within 3 miles. As the economic center of a bi-state area with 924,820 residents and a labor force of 505,574, South Bend offers a robust market and skilled workforce.
The Outlying St. Joseph County Industrial Submarket comprises 4.9 million SF of logistics and 320,000 SF of flex inventory, with a vacancy rate of 4.9% (Q1 2025). Over the past year, the submarket recorded 33,000 SF of net absorption with no new deliveries. Submarket rents outperform the greater market, with a 5-year average rent growth of 5.3%. Flex rents average $7.90/SF, while logistics rents average $6.00/SF (CoStar Group, January 2025).
The city’s transformation into a premier investment destination is fueled by significant public and private investments. Amazon Web Services’ $11 billion data center, the largest in Indiana’s history, and GM-Samsung’s $3.5 billion EV battery plant, will create over 2,600 jobs. Additional housing developments, such as The Hill Apartments and the Madison Lifestyle District, further demonstrate the city’s commitment to economic growth and urban revitalization.
South Bend’s pro-business climate is supported by excellent transportation infrastructure. The South Bend International Airport, with UPS and FedEx distribution hubs, offers global connectivity, while direct access to 14 interstates places 75% of the U.S. and Canadian populations within a one-day drive.
The University of Notre Dame (Enrollment: 13,174), consistently ranked among the nation’s top 25 universities, anchors the region’s educated workforce with its global reputation for academic excellence and innovation. Complementing Notre Dame are Indiana University South Bend (Enrollment: 4,631), Ivy Tech South Bend (Enrollment: 3,565), Saint Mary’s College (Enrollment: 1,557), and Bethel University (Enrollment: 1,150).
South Bend’s revitalization, Beacon Health System expansions, mixed-use developments near Notre Dame, and its skilled workforce, strong connectivity, and growing economy position the city as an ideal destination for developers and investors. The subject property offers excellent US-31 visibility and cost basis in a growing market with potential for light industrial and commercial development.
Investment Highlights
- 36.76 Acres | ~ 1,344 ft. Frontage on US-31 (Free Access Highway Stretching From South Bend to Indianapolis) and ~1,080 ft. on IN-931 | 0.5 Miles From US-31 and Kern Rd Interchange
- Commercial Zoning/Light Industrial | Utilities Include Water, Sewer, Electric and Gas
- Affluent Average Household Income of $96,583 (within Three miles) | South Bend (Population: 103,453) Serves as Economic Center of a Bi-State Region of 924,820 Residents & Labor Force of 505,574
- Market Inventory has 4.9 Million Square Feet Logistics and 320,000 Square feetF Flex | 4.9 Percent Vacancy Rate (Q1 2025) | Submarket Rents Outperform Greater Market | Five Year Avg. Rent Growth: 5.3 Percent | Flex Rents Avg. $7.90 per Square Feet | Logistics Avg. $6.00 per Square Foot (CoStar Group, January 2025)
- Connectivity to South Bend Airport (UPS, FedEx Hubs) and Direct Access to 14 Interstates, Reaching 75 Percent of the U.S. and Canada in a Day's Drive
- Home to the University of Notre Dame (13,174 Students) and Other Private Institutions and Technical Schools Supplying an Educated Workforce
- Transformational Regional Developments: $11B AWS Data Center & $3.5B GM-Samsung EV Plant Bringing Approximately 2,600 Jobs Transformational Regional Developments Include $11B AWS Data Center and $3.5B GM-Samsung EV Plant Bringing Approximately 2,600 Jobs
- Downtown Revitalization, Mixed-Use Projects and Healthcare Expansions Driving Economic Growth
Exclusively Listed By
Financing By
Listing Price: $1,761,392
Investment Highlights
- 36.76 Acres | ~ 1,344 ft. Frontage on US-31 (Free Access Highway Stretching From South Bend to Indianapolis) and ~1,080 ft. on IN-931 | 0.5 Miles From US-31 and Kern Rd Interchange
- Commercial Zoning/Light Industrial | Utilities Include Water, Sewer, Electric and Gas
- Affluent Average Household Income of $96,583 (within Three miles) | South Bend (Population: 103,453) Serves as Economic Center of a Bi-State Region of 924,820 Residents & Labor Force of 505,574
- Market Inventory has 4.9 Million Square Feet Logistics and 320,000 Square feetF Flex | 4.9 Percent Vacancy Rate (Q1 2025) | Submarket Rents Outperform Greater Market | Five Year Avg. Rent Growth: 5.3 Percent | Flex Rents Avg. $7.90 per Square Feet | Logistics Avg. $6.00 per Square Foot (CoStar Group, January 2025)
- Connectivity to South Bend Airport (UPS, FedEx Hubs) and Direct Access to 14 Interstates, Reaching 75 Percent of the U.S. and Canada in a Day's Drive
- Home to the University of Notre Dame (13,174 Students) and Other Private Institutions and Technical Schools Supplying an Educated Workforce
- Transformational Regional Developments: $11B AWS Data Center & $3.5B GM-Samsung EV Plant Bringing Approximately 2,600 Jobs Transformational Regional Developments Include $11B AWS Data Center and $3.5B GM-Samsung EV Plant Bringing Approximately 2,600 Jobs
- Downtown Revitalization, Mixed-Use Projects and Healthcare Expansions Driving Economic Growth
Investment Overview
Marcus & Millichap is pleased to exclusively present a prime commercial development and investment opportunity: 36.76 AC US-31 Commercial Land in South Bend, Indiana. The site offers ~1,344 feet of frontage along US-31 (23,018 VPD) and ~1,080 feet along IN-931, within the US-31 Corridor free access highway stretching from South Bend to Indianapolis, just 0.5 miles from the US-31 & Kern Rd interchange. Zoned commercial with provisions for light industrial, the property is supported by water and sewer access at the street, along with 200-amp electric and gas service. Currently configured as three parcels, the site features an existing structure occupied by a full-service, authorized E-Z-GO golf cart dealership. South Bend, located in St. Joseph County, Indiana’s fifth-largest county, is a dynamic business hub. The county has a population of 272,912 and an affluent AHHI of $96,583 within 3 miles. As the economic center of a bi-state area with 924,820 residents and a labor force of 505,574, South Bend offers a robust market and skilled workforce. The Outlying St. Joseph County Industrial Submarket comprises 4.9 million SF of logistics and 320,000 SF of flex inventory, with a vacancy rate of 4.9% (Q1 2025). Over the past year, the submarket recorded 33,000 SF of net absorption with no new deliveries. Submarket rents outperform the greater market, with a 5-year average rent growth of 5.3%. Flex rents average $7.90/SF, while logistics rents average $6.00/SF (CoStar Group, January 2025). The city’s transformation into a premier investment destination is fueled by significant public and private investments. Amazon Web Services’ $11 billion data center, the largest in Indiana’s history, and GM-Samsung’s $3.5 billion EV battery plant, will create over 2,600 jobs. Additional housing developments, such as The Hill Apartments and the Madison Lifestyle District, further demonstrate the city’s commitment to economic growth and urban revitalization. South Bend’s pro-business climate is supported by excellent transportation infrastructure. The South Bend International Airport, with UPS and FedEx distribution hubs, offers global connectivity, while direct access to 14 interstates places 75% of the U.S. and Canadian populations within a one-day drive. The University of Notre Dame (Enrollment: 13,174), consistently ranked among the nation’s top 25 universities, anchors the region’s educated workforce with its global reputation for academic excellence and innovation. Complementing Notre Dame are Indiana University South Bend (Enrollment: 4,631), Ivy Tech South Bend (Enrollment: 3,565), Saint Mary’s College (Enrollment: 1,557), and Bethel University (Enrollment: 1,150). South Bend’s revitalization, Beacon Health System expansions, mixed-use developments near Notre Dame, and its skilled workforce, strong connectivity, and growing economy position the city as an ideal destination for developers and investors. The subject property offers excellent US-31 visibility and cost basis in a growing market with potential for light industrial and commercial development.
Exclusively Listed By
Financing By

