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Mishawaka, IN Apartment Buildings for Sale

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Mixed-Use Property in Downtown Mishawaka
Updated: Sep 10, 2025
Mixed-Use Property in Downtown Mishawaka

608 N Main Street, Mishawaka, IN 46545

$1,350,000
High Net Operating Income: $135,988.26 annually.
Prime location** in Mishawaka's fast‑growing downtown, near major intersection and Riverwalk.
Fully rented building with Hometown Pharmacy (new 3‑year lease) and 5 apartments.
Recent capital improvements: New roof with 20‑year warranty and new metal siding.
Includes adjacent parking lot with alley access.
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See what stands out in St. Joseph County

We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

We check every listing here. A few are worth a second look.

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Based on your search, we've compiled 32 Potential Opportunities for your consideration. Besides 1 Active listings in Mishawaka, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 27 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Mixed-Use Building with Apartments
Mixed-Use Building with Apartments

121 & 123 S Main Street, Elkhart, IN 46516

$795,000
0.18 AC lot

Two commercial units are paired with six apartments, lofts, and a balcony.

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Furnished Student Housing Townhomes
Furnished Student Housing Townhomes

18088 Legacy Village Court, South Bend, IN 46637

Contact for pricing
44,800 sqft

Brick townhomes designed for student living, with furnished interiors, abundant parking, and on-site recreation.

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66-Unit Student Housing Property
66-Unit Student Housing Property

1106 S 20TH ST, South Bend, IN 46615

Contact for pricing
58,544 sqft

Multifamily student housing with 66 units and 133 beds, supported by extensive recent capital improvements and upgrades.

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Mixed-Use Building with Storefronts
Mixed-Use Building with Storefronts

121 & 123 S Main Street, Elkhart, IN 46516

$795,000

Multi-tenant building features two Main Street storefront units and six apartments above, plus a 2024 roof.

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Off-Market Properties in Mishawaka, IN

Consider similar Off-Market properties in Mishawaka, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

703 12th St
APARTMENT HOUSE (UNDER 5 UNITS)

703 12th St, Mishawaka, IN 46544-5457

$185,000
Estimated value
2,590 sqft 0.20 AC lot
View details
709 12th St
APARTMENT HOUSE (UNDER 5 UNITS)

709 12th St, Mishawaka, IN 46544-5458

$200,000
Estimated value
2,590 sqft 0.38 AC lot
View details
109 Main St
APARTMENT HOUSE (UNDER 5 UNITS)

109 Main St, Mishawaka, IN 46544-2008

$225,000
Estimated value
4,752 sqft 0.04 AC lot
View details
821 4th St
APARTMENT HOUSE (UNDER 5 UNITS)

821 4th St, Mishawaka, IN 46544-1737

$250,000
Estimated value
3,510 sqft 0.10 AC lot
View details
502 Main St
APARTMENT HOUSE (UNDER 5 UNITS)

502 Main St, Mishawaka, IN 46544-2111

$255,000
Estimated value
4,368 sqft 0.17 AC lot
View details
1702 Milburn Blvd
APARTMENT HOUSE (UNDER 5 UNITS)

1702 Milburn Blvd, Mishawaka, IN 46544-4632

$240,000
Estimated value
2,174 sqft 0.11 AC lot
View details
331 Smith St
APARTMENT HOUSE (UNDER 5 UNITS)

331 Smith St, Mishawaka, IN 46544-1777

$250,000
Estimated value
3,581 sqft 0.15 AC lot
View details
618 Main St
APARTMENT HOUSE (UNDER 5 UNITS)

618 Main St, Mishawaka, IN 46544-2109

$235,000
Estimated value
2,430 sqft 0.11 AC lot
View details
424 7th St
APARTMENT HOUSE (UNDER 5 UNITS)

424 7th St, Mishawaka, IN 46544-5168

$85,000
Estimated value
3,045 sqft 0.06 AC lot
View details
2808 Hickory Rd, Unit 2810
APARTMENT HOUSE (UNDER 5 UNITS)

2808 Hickory Rd, Mishawaka, IN 46545-2833

Unit 2810
$260,000
Estimated value
2,058 sqft 0.43 AC lot
View details
2502 Milburn Blvd
APARTMENT HOUSE (UNDER 5 UNITS)

2502 Milburn Blvd, Mishawaka, IN 46544-4308

$245,000
Estimated value
2,952 sqft 0.10 AC lot
View details
426 7th St
APARTMENT HOUSE (UNDER 5 UNITS)

426 7th St, Mishawaka, IN 46544-5169

$240,000
Estimated value
3,688 sqft 0.05 AC lot
View details
429 8th St
APARTMENT HOUSE (UNDER 5 UNITS)

429 8th St, Mishawaka, IN 46544-5130

$260,000
Estimated value
3,384 sqft 0.11 AC lot
View details
720 6th St
APARTMENT HOUSE (UNDER 5 UNITS)

720 6th St, Mishawaka, IN 46544-4933

$245,000
Estimated value
3,024 sqft 0.08 AC lot
View details
111 Lincolnway E
APARTMENT HOUSE (UNDER 5 UNITS)

111 Lincolnway E, Mishawaka, IN 46544-2055

$275,000
Estimated value
8,860 sqft 0.06 AC lot
View details
722 Spg St
APARTMENT HOUSE (UNDER 5 UNITS)

722 Spg St, Mishawaka, IN 46544-5162

$275,000
Estimated value
3,312 sqft 0.13 AC lot
View details
501 Lawrence St
APARTMENT HOUSE (UNDER 5 UNITS)

501 Lawrence St, Mishawaka, IN 46545-6838

$245,000
Estimated value
2,592 sqft 0.20 AC lot
View details
422 7th St
APARTMENT HOUSE (UNDER 5 UNITS)

422 7th St, Mishawaka, IN 46544-5142

$250,000
Estimated value
3,266 sqft 0.21 AC lot
View details
615 Main St
APARTMENT HOUSE (UNDER 5 UNITS)

615 Main St, Mishawaka, IN 46544-2108

$250,000
Estimated value
3,424 sqft 0.08 AC lot
View details
423 7th St
APARTMENT HOUSE (UNDER 5 UNITS)

423 7th St, Mishawaka, IN 46544-5136

$250,000
Estimated value
4,400 sqft 0.06 AC lot
View details
900 Roosevelt Dr
APARTMENT HOUSE (UNDER 5 UNITS)

900 Roosevelt Dr, Mishawaka, IN 46544-6033

$390,000
Estimated value
3,768 sqft 8.71 AC lot
View details
1106 Penn Ave
APARTMENT HOUSE (UNDER 5 UNITS)

1106 Penn Ave, Mishawaka, IN 46544-5587

$250,000
Estimated value
4,096 sqft 0.18 AC lot
View details
124 Lincolnway E, Unit 126
APARTMENT HOUSE (UNDER 5 UNITS)

124 Lincolnway E, Mishawaka, IN 46544-2017

Unit 126
$270,000
Estimated value
7,000 sqft 0.10 AC lot
View details

Mishawaka, IN Apartment Buildings Market Trends and Statistics

Explore 28 apartment buildings for sale in Mishawaka, IN on our real estate platform.

Sale prices for two-family homes in Mishawaka, IN average $1,350,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 58K
Population Growth (5Y) +3.1%
Median Household Income $56,959
College Educated 25.6%

High-Yield Neighborhoods for Investment

Identify Mishawaka submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
46545 $1.4M

Taxes & Financing

Tax Rate (average for all types) 2.61%
Property Tax per SF $45.22 per SF
Tax Rate vs County Average 0.12 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in St. Joseph County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Mishawaka fall within the 100,000+ square foot range.

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