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608 N Main St, Unit Mishawaka Mishawaka, IN 46545

For Sale
$1,350,000

Investment opportunity near Mishawaka Riverwalk with retail and apartments.

Building Details

Year built
1927

Source: John Piraccini Agent John Piraccini

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Mixed-Use Property in Downtown Mishawaka

This mixed-use property is located in the downtown district of Mishawaka, adjacent to the Inova Federal Credit Union and near the intersection of N Main St and Mishawaka Ave. The building features a retail level, currently occupied by Hometown Pharmacy with a newly signed 3-year lease, and five apartments upstairs. A new roof with a 20-year warranty was installed in March of this year, and new maintenance-free metal siding has been added on the side of the building facing the Inova Credit Union. The property includes an adjacent parking lot with alley access and consists of three parcels. The location offers visibility, with the Mishawaka Riverwalk across Mishawaka Ave. Across the river is the Ironworks Plaza and The Mill apartments, which includes the Mishawaka Public House, Sun King Brewery, and Social Cantina. The Mill Phase II is in development, and the Avalon Apartments are now open. The property is located 2 miles from the Main St/Grape Rd Shopping Corridor, 2.5 miles from IN-331/Capital Ave, and 5 miles from the University of Notre Dame. The zoning is C-1: Commercial. The total taxes for all three parcels are $7,143.00.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Drug stores

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
Mishawaka
County
St. Joseph
State
Indiana
Longitude
-86.180982
Latitude
41.666774

FAQs

What type of property is this?
Mixed-use property - Investment opportunity near Mishawaka Riverwalk with retail and apartments.
Where is this mixed-use property located?
The property is located at 608 N Main St, Unit Mishawaka Mishawaka, IN.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: - 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.
More about this property
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