Class A Office
3830 Edison Lakes Pkwy, Mishawaka, IN 46545
For Sale
Contact for pricing
Professionally maintained office property with private offices, conference space, natural light, and C-1 zoning.
Property Size5,376 SF
Price / SF$139.51
Days on Market99
Property Features for 3830 Edison Lakes Pkwy
General Information
Standard status
Size
Class
Total Parking Spaces
Elevators
Property subtype
Zoning
Site & Location
Highway Access
Road Access
Amenities
shared pond with fountain
walking paths
meticulously landscaped grounds
Building Details
Year Built
Buildings
Stories
Building Size
Listing Agency:
NAI Cressy - Mishawaka
Listed By:
Shawn Todd · License IN RB14043602
(574) 485-1520
Source:
Crexi
Added: Aug 4
Changed: Oct 27
Last Checked: Nov 8 at 8:58AM
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 - Mishawaka
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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 5,376 SF Class A office building provides a two-level professional workspace within Edison Lakes Corporate Park. The first floor contains 3,072 SF and the second floor adds 2,304 SF, with the levels connected by an interior stairwell and no elevator. Private offices, a reception area, conference room, quality finishes, and abundant windows create a functional setting for office operations. The building was constructed in 1987 and includes 28 private parking spaces.
The property is situated on Edison Lakes Pkwy in Mishawaka, with access to Main Street, Douglas Road, and the Capital Avenue corridor. The Indiana Toll Road (I-80/90), US 20 Bypass, and the University of Notre Dame are minutes away. The corporate park includes mature landscaping, shared ponds with a fountain, walking paths, and nearby restaurants, hotels, retail centers, and other business amenities.
The property is situated on Edison Lakes Pkwy in Mishawaka, with access to Main Street, Douglas Road, and the Capital Avenue corridor. The Indiana Toll Road (I-80/90), US 20 Bypass, and the University of Notre Dame are minutes away. The corporate park includes mature landscaping, shared ponds with a fountain, walking paths, and nearby restaurants, hotels, retail centers, and other business amenities.
Key Highlights
- 5,376 SF office building with 3,072 SF on the first floor and 2,304 SF on the second floor
- Class A office property within Edison Lakes Corporate Park
- 28 private parking spaces included
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
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,101
Businesses Nearby
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
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 - Professionally maintained office property with private offices, conference space, natural light, and C-1 zoning.
Where is this office building located?
The property is located at 3830 Edison Lakes Pkwy 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 SF office building with 3,072 SF on the first floor and 2,304 SF on the second floor; Class A office property within Edison Lakes Corporate Park; 28 private parking spaces included
