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    1550 Mckinley Ave Mishawaka, IN 46545

    For Sale
    $1,000,000

    Prime Mishawaka location, multiple income streams.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    310
    This exceptional 5.52-acre commercial property at 1550 E McKinley Avenue, Mishawaka, Indiana, presents a unique investment opportunity. The property includes a substantial building featuring a loading dock and 20-foot-high doors, along with upper-level space ideal for storage or office use. This building currently generates $1700 per month in rental income, plus utilities, from an existing tenant

    Property Features for 1550 Mckinley Ave

    General Information

    Property type
    Other commercial real estate
    Lot Size
    240,451 SF

    Building Details

    Year Built
    1955
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    U-Haul Neighborhood Dealer Trailer Rental Service Hub Cap Annie Truck Rental Agency Podium Powersports Motorcycle Repair Shop Burk's Shoe Repair Repair Service

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Mishawaka
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.15867
    Latitude
    41.68063

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Mishawaka location, multiple income streams.
    Where is this commercial real estate located?
    The property is located at 1550 Mckinley Ave Mishawaka, IN.
    What is the asking price?
    The asking price for this property is $1,000,000.
    (574) 264-7581
    Request Owner's contact information
    1550 Mckinley Ave Mishawaka, IN 46545
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    Realmo Value Estimation

    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.

    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.

    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
    1550 Mckinley Ave Mishawaka, IN 46545
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