Mixed-Use Building with
New
For Sale
$240,000
402 W Mishawaka Avenue, Mishawaka, IN 46545
INVESTMENT, Two and Half Story, Mishawaka, IN
Property Size3,252 SF
Lot Size0.12 Acres
Price / SF$73.80
Days on Market3
Property Features for 402 W Mishawaka Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
4
Full bathrooms
3
Half bathrooms
1
Rooms
Bathroom 2, Bedroom 4, Bathroom 1, Bedroom 2, Bathroom 4, Basement, Bathroom 3, Bedroom 3, Bedroom 1
Parking
3
Parking features
Off Street, Garage
Basement
Concrete
Lot features
City/ Town/ Suburb, Corner
Elementary school
Battell
Middle school
John Young
High school
Mishawaka
Elementary school district
School City of Mishawaka
Middle school district
School City of Mishawaka
High school district
School City of Mishawaka
Directions
On the corner of Mishawaka Ave and Liberty Rd.
Subdivision
St. Joseph County
Standard status
Active
APN
71-09-09-387-014.000-023
Size
3,252 SF
Lot size
0.12 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
S 82.14' Lot 13 Together With S 82.14' Of E 30' Lot 14 Blk 24 Battells Add
Legal Description
S 82.14' Lot 13 Together With S 82.14' Of E 30' Lot 14 Blk 24 Battells Add
Building Details
Year built
1890
Floors in Building
2
Number of units
4
Flooring type
Carpet, Wood, Vinyl
Roof type
Shingle
Architectural style
Other
Listing Agency:
Berkshire Hathaway Home Services Elk2 · Berkshire Hathaway HomeServices
(574) 284-2600
Listed By:
Amy Warner
(574) 904-7341
Added: Aug 27
Changed: Aug 29
Last Checked: Aug 29 at 7:06PM
MLS# 202635447
Copyright © 2026 Elkhart County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This two-and-a-half-story mixed-use property contains 3,252 square feet on a 0.118-acre parcel. The layout includes three apartments—two one-bedroom units and one two-bedroom unit—along with a storefront. One one-bedroom apartment is vacant and ready for occupancy after updates that include a new shower base and replaced appliances. The two-bedroom unit has been cleaned and requires final finishing work, while the other one-bedroom apartment is occupied under a lease extending through February 2027.
The commercial space fronts W Mishawaka Avenue near the Riverwalk in Mishawaka, providing a visible setting for retail, office, or local business use. Parking includes a one-stall detached garage, front driveway, street parking, and a rear area near Unit A. Utilities are not separately metered among the units. Built in 1890, the property also features wood, carpet, and vinyl flooring and a shingle roof.
The commercial space fronts W Mishawaka Avenue near the Riverwalk in Mishawaka, providing a visible setting for retail, office, or local business use. Parking includes a one-stall detached garage, front driveway, street parking, and a rear area near Unit A. Utilities are not separately metered among the units. Built in 1890, the property also features wood, carpet, and vinyl flooring and a shingle roof.
Key Highlights
- 3,252 SF mixed‑use building with three apartments and one storefront
- 0.118‑acre parcel at 402 W Mishawaka Avenue in Mishawaka, IN
- Residential mix includes two one‑bedroom apartments and one two‑bedroom apartment
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
949
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
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four income spaces combine residential apartments with commercial frontage and on-site parking near the Riverwalk.
Where is this mixed-use property located?
The property is located at 402 W Mishawaka Avenue Mishawaka, IN.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 3,252 SF mixed‑use building with three apartments and one storefront; 0.118‑acre parcel at 402 W Mishawaka Avenue in Mishawaka, IN; Residential mix includes two one‑bedroom apartments and one two‑bedroom apartment
