314 N Walnut Street Here's your chance to build in an established South Bend neighborhood with new development activity nearby. This buildable city lot offers 6, 076 sq ft (40 x 152) of blank-canvas potential. Zoned U1 under South Bend's form-based code, this parcel is primed for a new residential build or qualifying infill project — no demo costs, no surprises, just land ready to work for you. Whether you're a builder looking to add to your pipeline or an investor seeking an affordable entry point into the South Bend market, this lot checks the boxes: low price point and a market with University of Notre Dame-driven housing demand that keeps the rental and resale market steady.