Downtown Mishawaka Commercial Building For
110 Lincolnway E, Mishawaka, IN 46544
For Sale
$495,000
Pending
Charming commercial building in downtown Mishawaka's central business district.
Property Size3,120 SF
Days on Market291
Property Features for 110 Lincolnway E
General Information
Standard status
Size
Taxes and HOA fees
Annual Taxes
Listing Agency:
Berkshire Hathaway HomeServices Northern Indiana Real Estate
Listed By:
Noah Rienks
(574) 520-9350
Source:
Exprealty
Added: Jan 24
Changed: Nov 9
Last Checked: Nov 8 at 6:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway HomeServices Northern Indiana Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This architecturally distinctive commercial building is situated in the heart of downtown Mishawaka's central business district. The property benefits from strong pedestrian traffic and a revitalized streetscape. The 3,120 square-foot space is currently configured as a turn-key café and features a character-rich interior that blends historic elements with thoughtful design. Multiple levels provide flexible layout options. The property is suitable for a restaurant, pub, or coffee shop. It is also well-suited for hospitality users or owner-operators seeking a downtown presence.
Key Highlights
- Turn‑key café configuration ready for immediate operation.
- Prime downtown Mishawaka location with high pedestrian traffic.
- Flexible multi‑level layout suitable for various hospitality uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,619
Cap Rate
7.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$732,380
$732.4K
Cap Rate 7%
$523,129
$523.1K
Cap Rate 9%
$406,878
$406.9K
Market Conditions
NOI Build-Up for 3,120 SF
Gross rent
$50.5K $16.20/SF
− Vacancy
−$1.7K −$0.55/SF
EGI
$48.8K $15.65/SF
− OpEx
−$12.2K −$3.91/SF
NOI
$36.6K $11.74/SF
Area
St. Joseph County, IN
Vacancy
3.40%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$732,380
Cap Rate 7%
$523,129
Cap Rate 9%
$406,878
Alternative Uses
Best Use
Specialty Retail
$523.1K
$457.7K – $610.3K
NOI $36,619 @ 7.0% cap · market cap 7.40%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$618.7K
$541.4K – $721.8K
NOI $43,308 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
892
Businesses Nearby
16k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 86%
Dining 14%
Mobil
Shops & Services
7,172 visits/mo
0.3 miles
KeyBank
Shops & Services
2,711 visits/mo
0.2 miles
REBEL Convenience Store
Shops & Services
2,279 visits/mo
0.2 miles
Pizza Hut
Dining
2,275 visits/mo
0.2 miles
Marathon
Shops & Services
1,751 visits/mo
0.2 miles
Demographics for 46544, IN
31,571
Population
13,661
Households
2.3
Avg Household Size
38
Median Age
25%
College-Educated
88%
High-School Grad
39.8 sq mi
ZIP Area
793
Density / Sq Mi
$57,873
Median Household Income
$40,120
Median Earnings
$1,018
Median Rent
$151,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Embassy Coffee — 110 Lincolnway E, Mishawaka, IN 46544
- Chicory Cafe Mishawaka — 114 W 1st St, Mishawaka, IN 46544
Frequently Asked Questions
What type of property is this?
Coffee shop - Charming commercial building in downtown Mishawaka's central business district.
Where is this coffee shop located?
The property is located at 110 Lincolnway E Mishawaka, IN.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Turn‑key café configuration ready for immediate operation.; Prime downtown Mishawaka location with high pedestrian traffic.; Flexible multi‑level layout suitable for various hospitality uses.
