Corner Storefront with
For Sale
$279,000
201 E Mckinley Avenue, Mishawaka, IN 46545
The space supports alteration retail or professional office use and can accommodate approximately 1–5 users.
Property Size1,000 SF
Price / SF$279
Days on Market214
Property Features for 201 E Mckinley Avenue
General Information
Standard status
Active
Size
1,000 SF
Total Parking Spaces
10
Property subtype
Commercial
Site & Location
Corner Location
Yes
Pylon Signage
Yes
Traffic Count
18,000 vehicles/day
Additional Details
Business Included
Yes
Currently Operating
Yes
Amenities
one-car garage
built-in carport
Drywall
Carpet,Ceramic Tile,Part Carpet,Vinyl Tile
Yes
No
City,Hydrant
8
Partial Basement
Aluminum,Masonry
City
Off Street
10080
Combo
90*112
Frame,Brick
0.23
10
Building Details
Year Built
1954
Stories
1
Listing Agency:
Cressy & Everett - South Bend
Listed By:
Kim Kim
(574) 850-8046
Source:
Hoslerrealty
Added: Apr 5
Changed: Nov 4
Last Checked: Nov 4 at 2:25AM
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 Cressy & Everett - South Bend
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1954, this corner storefront currently operates as an alteration shop, a business that has served customers for more than 20 years. The property includes a one-car garage, a built-in carport, pole signage, and 10 paved parking spaces. Its layout is also described as suitable for professional office use, with capacity for approximately 1–5 users.
At McKinley Avenue and Sarah, the site is near Everwise Credit Union, Walgreens, 7-Eleven, Biggby Coffee, and Dairy Queen. The intersection carries an average daily traffic count of approximately 18,000 vehicles. The property occupies a double lot in Mishawaka, Indiana.
At McKinley Avenue and Sarah, the site is near Everwise Credit Union, Walgreens, 7-Eleven, Biggby Coffee, and Dairy Queen. The intersection carries an average daily traffic count of approximately 18,000 vehicles. The property occupies a double lot in Mishawaka, Indiana.
Key Highlights
- Corner site at McKinley Avenue and Sarah
- Average daily traffic count of approximately 18,000 vehicles
- 10 paved parking spaces, a one‑car garage, and a built‑in carport
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,881
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,620
$277.6K
Cap Rate 7%
$198,300
$198.3K
Cap Rate 9%
$154,233
$154.2K
Market Conditions
NOI Build-Up for 1,000 SF
Gross rent
$22.0K $21.96/SF
− Vacancy
−$2.1K −$2.13/SF
EGI
$19.8K $19.83/SF
− OpEx
−$5.9K −$5.95/SF
NOI
$13.9K $13.88/SF
Area
St. Joseph County, IN
Vacancy
9.70%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,620
Cap Rate 7%
$198,300
Cap Rate 9%
$154,233
Alternative Uses
Best Use
Retail
$198.3K
$173.5K – $231.4K
NOI $13,881 @ 7.0% cap · market cap 4.98%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
18,000 VPD
Traffic count
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
407
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46545, IN
26,312
Population
13,046
Households
2
Avg Household Size
37
Median Age
31%
College-Educated
94%
High-School Grad
18.3 sq mi
ZIP Area
1,438
Density / Sq Mi
$55,889
Median Household Income
$36,999
Median Earnings
$986
Median Rent
$174,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Powell the Florist — 1215 Liberty Dr, Mishawaka, IN 46545
Frequently Asked Questions
What type of property is this?
Storefront property - The space supports alteration retail or professional office use and can accommodate approximately 1–5 users.
Where is this storefront property located?
The property is located at 201 E Mckinley Avenue Mishawaka, IN.
What is the asking price?
The asking price for this property is $279,000.
What are key features of this property?
This property features: Corner site at McKinley Avenue and Sarah; Average daily traffic count of approximately 18,000 vehicles; 10 paved parking spaces, a one‑car garage, and a built‑in carport
