Office Building with Private
3702 N Main St, Mishawaka, IN 46545
For Sale
Contact for pricing
A 28-space private parking area accompanies this office property.
Property Size5,376 SF
Price / SF$139.51
Days on Market18
Property Features for 3702 N Main St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Listing Agency:
NAI Cressy Commercial Real Estate - Corporate
(574) 271-4060
Listed By:
Shawn Todd · License #RB14043602
(574) 485-1520
Source:
Moodyscre
Added: Oct 23
Changed: Nov 8
Last Checked: Nov 8 at 7:08AM
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 NAI Cressy Commercial Real Estate - Corporate
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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 office building contains 5,376 square feet and includes 28 private parking spaces. Its address is 3702 N Main St in Mishawaka, Indiana.
Key Highlights
- 5,376‑square‑foot office building
- 28 private parking spaces
- Located at 3702 N Main St, Mishawaka, IN 46545
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,533
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$890,660
$890.7K
Cap Rate 7%
$636,186
$636.2K
Cap Rate 9%
$494,811
$494.8K
Market Conditions
NOI Build-Up for 5,376 SF
Gross rent
$76.1K $14.16/SF
− Vacancy
−$16.7K −$3.12/SF
EGI
$59.4K $11.04/SF
− OpEx
−$14.8K −$2.76/SF
NOI
$44.5K $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%
$890,660
Cap Rate 7%
$636,186
Cap Rate 9%
$494,811
Alternative Uses
Best Use
Office B
$636.2K
$556.7K – $742.2K
NOI $44,533 @ 7.0% cap · market cap 5.94%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$1.07M
$932.8K – $1.24M
NOI $74,624 @ 7.0% cap · market cap 9.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
1,036
Businesses Nearby
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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
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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 - A 28-space private parking area accompanies this office property.
Where is this office building located?
The property is located at 3702 N Main St Mishawaka, IN.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 5,376‑square‑foot office building; 28 private parking spaces; Located at 3702 N Main St, Mishawaka, IN 46545
