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    5802-5948 Grape Rd Mishawaka, IN 46545

    For Sale
    $3,000,000

    21,896 SF retail building in established shopping center.

    Property size:
    21,896 SF
    Lot size:
    34.87 Acres

    Property Features for 5802-5948 Grape Rd

    General Information

    Size
    21,896 SF
    Lot size
    34.87 Acres

    Source: NAI Cressy Commercial Real Estate - Corporate Agent Timothy J. Mehall

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

    Overview

    Retail Building in University Park

    Located within the Indian Ridge Shopping Center on the east side of Grape Road near the I-80/90 Toll Road, this building is situated in the University Park Trade Area. Constructed in 1987, the property encompasses approximately 21,896 square feet on a 1.9-acre lot. Originally built as Kids R Us, the building features one dock door and ceiling heights of 20 feet. The landlord maintains responsibility for the roof and structure, while the tenant covers all other expenses, including real estate taxes, common area maintenance, and insurance. Other anchor tenants in the shopping center include TJ Maxx, Bed Bath & Beyond, Ashley Furniture, and Gabe’s.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

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

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

    Similar Places Nearby

    Wilshire Plaza of Mishawaka, Miniso, Quick-Tag, Main Street Marketplace, Indian Ridge Plaza of Mishawaka

    Location Insight

    • Map
    • Local Demand
    City
    Mishawaka
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.184385
    Latitude
    41.713547

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    FAQs

    What type of property is this?
    Shopping center - 21,896 SF retail building in established shopping center.
    Where is this shopping center located?
    The property is located at 5802-5948 Grape Rd Mishawaka, IN.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: - Located in the high-traffic Indian Ridge Shopping Center, a prime retail location.; - Anchored by major retailers including TJ Maxx, Bed Bath & Beyond, Ashley Furniture, and Gabe’s.; - Large building size of approximately 21,896 SF on 1.9 acres.
    (574) 485-1516
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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
    5802-5948 Grape Rd Mishawaka, IN 46545
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