An auction of more than 46 acres near the Indiana Tollway is set for Wednesday in South Bend. Illinois-based Hilco Real Estate LLC and Marcus & Millichap are partnering to sell the Hutsfield Square Development Site, which is billed as ready for senior living, residential, commercial and retail development.
Around one-third of the site is already zoned for a senior living development. Hilco Real Estate Senior Vice President Jeff Azuse says "rarely is a fully entitled ‘shovel ready’ development property like this available to start moving dirt right away. The South Bend market is very attractive and the demand for various types of commercial, retail and senior living housing should continue to grow into the near future. The prime location offers easy access to the region with excellent visibility on a major traffic artery through NW Indiana."
The property is currently undeveloped and the 15 subdivided parcels are being offered as a whole or for individual purchase.
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