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    1238 E Univerisity Dr Mishawaka, IN

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    For Sale
    $1,827,000

    Land available for sale with high visibility and development potential.

    Lot size:
    4.06 Acres

    Property Features for 1238 E Univerisity Dr

    General Information

    Lot size
    4.06 Acres

    Source: Bradley Company | South Bend Agent John Jessen

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

    Overview

    Land for Retail Development

    Available for sale are parcels of land ranging from 1.11 to 5.17 acres. The owner is open to build-to-suit arrangements. The location offers excellent visibility, particularly with corner lots situated on University Drive and Fir Road. This site is suitable for various commercial ventures, including a freestanding restaurant, a multi-tenant retail building, or a high-end gas station. The property is adjacent to City Plaza, an 80,000 square foot multi-tenant lifestyle center anchored by Ruth's Chris, Sola Salon Studios, and Judee's Boutique. It is also proximal to Costco Wholesale and Super Target.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Mishawaka
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.1586156
    Latitude
    41.6619927

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    FAQs

    What type of property is this?
    Land - Land available for sale with high visibility and development potential.
    Where is this land located?
    The property is located at 1238 E Univerisity Dr Mishawaka, IN.
    What is the asking price?
    The asking price for this property is $1,827,000.
    What are key features of this property?
    This property features: - Excellent visibility with corner lots on University Drive and Fir Road.; - Perfect location for a freestanding restaurant, multi-tenant retail building, or a high-end gas station.; - Adjacent to City Plaza, the 80,000 SF multi-tenant lifestyle center anchored by Ruth's Chris, Sola Salon Studios, and Judee's Boutique.
    (574) 210-8773
    Request Owner's contact information
    1238 E Univerisity Dr Mishawaka, IN
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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
    1238 E Univerisity Dr Mishawaka, IN
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