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    5111 N Main St Mishawaka, IN 46545

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    For Sale
    $591,750

    High-profile commercial land in Riverfront District, University Park retail area.

    Lot size:
    2.63 Acres

    Property Features for 5111 N Main St

    General Information

    Lot size
    2.63 Acres

    Source: NAI Cressy Commercial Real Estate - Corporate Agent George Cressy

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

    Overview

    Commercial Development Site For Sale

    This commercial land is a high-profile site suitable for a restaurant or other commercial development. It is located within the Riverfront District project area and the University Park retail area. A $1,000 Riverfront liquor license is available.
    Insight Report Location Intelligence

    Current Use by Public Records

    Mathew R. Gifford, ... Sunglasses Store Patrick Albert, OD Optometrist MyEyeDr. Eye Care Center Shannon Avena Optometrist Matthew Russell Gifford Optometrist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mishawaka
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.181282
    Latitude
    41.707605

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    FAQs

    What type of property is this?
    Commercial land - High-profile commercial land in Riverfront District, University Park retail area.
    Where is this commercial land located?
    The property is located at 5111 N Main St Mishawaka, IN.
    What is the asking price?
    The asking price for this property is $591,750.
    What are key features of this property?
    This property features: - High profile restaurant or commercial development site; - $1,000 riverfront liquor license included; - Located in University Park retail area
    (574) 485-1515
    Request Owner's contact information
    5111 N Main St 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
    5111 N Main St Mishawaka, IN 46545
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