Edison Lakes Corporate Office
1301 E Douglas Rd, Mishawaka, IN
For Sale
Contact for pricing
Class A office building in a prime corporate park.
Property Size88,854 SF
Lot Size10.47 Acres
Price / SF$101.29
Days on Market588
Property Features for 1301 E Douglas Rd
General Information
Standard status
Size
Lot size
Property subtype
Listing Agency:
The Zacher Company
(260) 422-8474
Listed By:
Dan Gabbard · License #RB18001659
(260) 704-5409
Source:
Moodyscre
Added: Apr 1, 2025
Changed: Nov 5
Last Checked: Nov 8 at 8:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Zacher Company
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Class A building is located within the Edison Lakes Corporate Office Park, offering a strategic location within 10 minutes of the Notre Dame Campus. It is situated adjacent to St. Joseph Hospital and the Veterans Administration Hospital. The property benefits from close proximity to various dining, hospitality, and retail amenities, as well as convenient interstate access. Located within a 10-mile radius of several local markets, including South Bend, Granger, Elkhart, and Southwest Michigan, the property offers a central location. The building presents a value-add potential with income generation through a current tenant in place and a sale-leaseback option from the seller. Approximately 50% of the 88,854 square foot property is currently leased.
Key Highlights
- Class A building in Edison Lakes Corporate Office Park
- Value‑add potential with existing tenant and sale‑leaseback option
- Close proximity to St. Joseph Hospital & Veterans Administration Hospital
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$736,031
Cap Rate
8.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,720,620
$14.7M
Cap Rate 7%
$10,514,729
$10.5M
Cap Rate 9%
$8,178,122
$8.2M
Market Conditions
NOI Build-Up for 88,854 SF
Gross rent
$1.26M $14.16/SF
− Vacancy
−$276.8K −$3.12/SF
EGI
$981.4K $11.04/SF
− OpEx
−$245.3K −$2.76/SF
NOI
$736.0K $8.28/SF
Area
St. Joseph County, IN
Vacancy
22.00%
Lease Rate
$14.16 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,720,620
Cap Rate 7%
$10,514,729
Cap Rate 9%
$8,178,122
Alternative Uses
Best Use
Office B
$10.51M
$9.20M – $12.27M
NOI $736,031 @ 7.0% cap · market cap 8.18%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$17.62M
$15.42M – $20.56M
NOI $1,233,375 @ 7.0% cap · market cap 13.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
634
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Office buildings in St. Joseph County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Class A office building in a prime corporate park.
Where is this office building located?
The property is located at 1301 E Douglas Rd Mishawaka, IN.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: Class A building in Edison Lakes Corporate Office Park; Value‑add potential with existing tenant and sale‑leaseback option; Close proximity to St. Joseph Hospital & Veterans Administration Hospital
