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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

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    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.
    (574) 243-9522
    Request Owner's contact information
    608 N Main St, Unit Mishawaka Mishawaka, IN 46545
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    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
    608 N Main St, Unit Mishawaka Mishawaka, IN 46545
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