Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16974 Douglas Road Mishawaka, IN 46545

    View on Map
    For Sale
    $599,900

    Other/Unknown, Personal - Mishawaka, IN

    Lot size:
    1.30 Acres
    Added:
    Jan 2, 2026
    Days on Market:
    90
    Last Refresh:
    Apr 2 at 6:06 pm

    Property Features for 16974 Douglas Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    1
    Rooms
    Bathroom 1
    Parking features
    Garage, Off Street, Paved or Surfaced
    Interior features
    Drywall, Basement
    Exterior features
    Fence, Basement
    Fencing
    Fenced
    Standard status
    Active
    APN
    71-04-33-101-002.000-003
    Lot size
    1.30 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    1054.08

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1930
    Floors in Building
    2
    Flooring type
    Carpet, Tile, Vinyl, Wood
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Jan Lazzara
    Jan Lazzara

    Listing agent Jan Lazzara License #RB14028862

    Listing office RE/MAX 100 3010 HICKORY RD., Mishawaka, IN

    Listing date Jan 2, 2026

    MLS# 202600140 Listing URL

    Copyright © 2026 Greater South Bend-Mishawaka Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Development Opportunity Near Grape Road

    This property presents a development opportunity with 1.3 acres of cleared land. It includes a two-story, three-bedroom home featuring an attached two-car garage, along with an additional detached two-car storage garage. The property benefits from access to five-lane Douglas Road to the north and a small paved public road to the west, included as an easement on the adjoining 16990 Douglas Road, running 690 feet along the entire north-south length of the 16974 Douglas lot. The location experiences a daily traffic count of 40,000 cars. Situated close to St. Joe Hospital, the Grape Road Corridor, and the regional office of U-Haul, the property also offers sidewalk access to Notre Dame. The property is suitable for business, retail, office spaces, or new townhomes just off the Grape Road Corridor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mishawaka
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.196824
    Latitude
    41.709099

    Nearby Similar for Sale

    • $3,676,400

      Mishawaka Industrial Facility For Sale

      Industrial facility with easy access, heavy power, and updated offices.
      1655 E 12th Street, Mishawaka, IN 46544
      View Details
    • $215,900
      3,116 SF

      Mishawaka Fourplex - Investor Special

      Fourplex in Mishawaka, Indiana, renovations started, selling as-is.
      550 Lincolnway, Mishawaka, IN 46544-1846
      View Details
    • $175,000
      5,212 SF

      Mishawaka Fiveplex For Sale

      Five-unit residential income property in Mishawaka, Indiana.
      422 W 7Th Street, Mishawaka, IN 46544-5142
      View Details
    • $329,000

      Warehouse with Apartment in Mishawaka

      Warehouse with a one-bedroom apartment on Mishawaka's west side.
      1200 W 6Th Street, Mishawaka, IN 46544-1720
      View Details
    • $400,000
      4,834 SF

      Historic Dodge House For Sale

      Historic building suitable for office or residence with Queen Anne architecture.
      415 Lincolnway East, Mishawaka, IN, 46544
      View Details
    • $82,000

      Mishawaka Commercial Land Opportunity

      2.03 acre commercial land for multi-use development.
      14332 Harrison Road, Mishawaka, IN 46544
      View Details
    • $495,000
      3,120 SF

      Downtown Mishawaka Commercial Building For Sale

      Charming commercial building in downtown Mishawaka's central business district.
      110 Lincolnway E, Mishawaka, IN 46544
      View Details
    • $175,000

      Mishawaka Commercial Land For Sale

      2.39 acres of commercial land with high visibility and access.
      Vl N Fir Road, Mishawaka, IN 46545
      View Details
    • $2,250,000

      Class A Office Building For Sale

      Class A office building in Edison Lakes Corporate Park.
      3820 Edison Lakes Pkwy., Mishawaka, IN 46545
      View Details
    • $58,000

      Commercial Land on High-Traffic Corner

      Commercial land available on a high-traffic corner lot.
      1213 W Lincolnway, Mishawaka, IN 46544-1742
      View Details
    • $629,000
      156,816 SF

      Development Opportunity on Lincolnway East

      Prime industrial/commercial development parcel with high traffic frontage.
      12340 E Lincoln Way, Mishawaka, IN 46544
      View Details
    • $749,000
      6,100 SF

      Edison Lakes Class A Office

      Class A office building in Mishawaka's prime office park.
      3550 Park Pl W, Mishawaka, IN
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.3 acres of cleared land near Grape Road corridor.
    Where is this commercial land located?
    The property is located at 16974 Douglas Road Mishawaka, IN.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: 1.3 acres of cleared land suitable for development.; High traffic count (40,000 cars daily).; Excellent location near St. Joe Hospital and Grape Rd Corridor.
    (574) 532-8001
    We can help!
    Listing Contact
    Jan Lazzara
    Jan Lazzara
    Real Estate License ID: RB14028862
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!