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Automotive Property With Business
New
For Sale
$680,000

508 Lincolnway W, Osceola, IN 46561

COMMERCIAL - Osceola, IN

Property SizeContact for details
Lot Size0.39 Acres
Days on Market3

Property Features for 508 Lincolnway W

General Information

Property type Commercial Sale
Property subtype Retail
Directions Use Google Maps for Directions.
Subdivision St. Joseph County
Standard status Active
APN 71-10-16-108-018.000-030
Lot size 0.39 Acres

Taxes and HOA fees

Tax Year 2026
Tax Description Lots 65 & 66 & 14'E Side Lot 67 Osceola Place Sec 16-37-4E 11/12 cons w/0045 per owners req
Tax Annual Amount 1342
Legal Description Lots 65 & 66 & 14'E Side Lot 67 Osceola Place Sec 16-37-4E 11/12 cons w/0045 per owners req

Utilities

Cooling system Central Air

Building Details

Year built 1985
Flooring type Tile, Concrete
Roof type Metal
Listing Agency: McKinnies Realty, LLC Elkhart
Listed By: Kavita Patel · License #RB22002108
Added: Aug 12 Changed: Aug 13 Last Checked: Aug 14 at 7:06AM
MLS# 202632859

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 automotive commercial property includes the real estate, operating LLC, site improvements, fixtures, and equipment associated with the business. Vehicle inventory is excluded from the purchase price and may be negotiated separately. The building dates to 1985 and features a metal roof, central air, tile and concrete flooring, and an established commercial site.

Located at 508 Lincolnway W in Osceola, the property offers frontage and parking along Lincolnway West. Its position provides access to South Bend, Mishawaka, Elkhart, and the Indiana Toll Road. Zoning, measurements, permitted uses, taxes, and intended use require independent buyer verification.

Key Highlights

  • Automotive commercial property with operating LLC included
  • 0.39‑acre site at 508 Lincolnway W, Osceola, IN 46561
  • Sale includes building, site improvements, fixtures, and equipment

Property Analytics

Current Use

Meraj Motors Car Dealership

Suggested Use

Top Pick Real Estate Agency Dental Office Hair Salon Restaurant Pharmacy Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business
Opportunity
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

163
Businesses Nearby
10k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
Mishawaka Shops & Services
9,902 visits/mo 0.2 miles

Demographics for 46561, IN

14,155
Population
5,580
Households
2.5
Avg Household Size
38
Median Age
26%
College-Educated
92%
High-School Grad
13.6 sq mi
ZIP Area
1,041
Density / Sq Mi
$83,520
Median Household Income
$43,107
Median Earnings
$1,137
Median Rent
$208,200
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Automotive property - Sale includes the commercial building, site improvements, fixtures, equipment, and operating LLC.
Where is this automotive property located?
The property is located at 508 Lincolnway W Osceola, IN.
What is the asking price?
The asking price for this property is $680,000.
What are key features of this property?
This property features: Automotive commercial property with operating LLC included; 0.39‑acre site at 508 Lincolnway W, Osceola, IN 46561; Sale includes building, site improvements, fixtures, and equipment
More about this property
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