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    5126 N Main St Mishawaka, IN 46545

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    For Lease
    $2,393,000

    Retail space for lease in high-traffic Mishawaka corridor.

    Property size:
    6,490 SF
    Lot size:
    1.73 Acres

    Property Features for 5126 N Main St

    General Information

    Size
    6,490 SF
    Lot size
    1.73 Acres

    Source: Veritas Realty Agent Shannon Hunt

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

    Overview

    Mishawaka Retail Space Available

    Located on Main Street in Mishawaka, this property offers a 2,800-square-foot endcap available for lease, which can be divided. Alternatively, a 1.73-acre parcel is available for ground lease or build-to-suit opportunities. The site benefits from prime visibility and full access from Main Street, a high-traffic corridor with 28,943 vehicles per day. Monument signage is available. The property is situated in the heart of Mishawaka’s regional retail corridor, near Costco, Meijer, Whole Foods, The Home Depot, Lowe’s, Dick’s Sporting Goods, Fresh Thyme, and University Park Mall. It is also adjacent to St. Joseph Regional Medical Center Hospital, which has approximately 1,630 employees and 294 beds. The property is located in newly completed retail shops, joining Raising Cane’s and Mission BBQ.
    Insight Report Location Intelligence

    Current Use by Public Records

    Saltgrass Steak House Steak House

    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
    -86.182335
    Latitude
    41.704955

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    FAQs

    What type of property is this?
    Land - Retail space for lease in high-traffic Mishawaka corridor.
    Where is this land located?
    The property is located at 5126 N Main St Mishawaka, IN.
    What are key features of this property?
    This property features: - Prime visibility and full access on Main Street with high traffic volume (28,943 VPD).; - Located in the heart of Mishawaka’s regional retail corridor anchored by major retailers.; - **2,800 SF Endcap Available (Can be divided).**
    (317) 472-1800
    Request Owner's contact information
    5126 N Main St 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
    5126 N Main St Mishawaka, IN 46545
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