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Multifamily Property with Renovation Work
For Sale
$215,900

550 Lincolnway, Mishawaka, IN 46544

Built in 1892, the property is offered for sale in Mishawaka, Indiana, in its current condition.

Property Size3,116 SF
Price / SF$69.29
Days on Market37

Property Features for 550 Lincolnway

General Information

Standard status Active
Size 3,116 SF
Property subtype Multi-Family

Building Details

Year Built 1892
Listing Agency: McKinnies Realty, LLC Elkhart
Listed By: Joshua Schirr · License #RB14043732
Source: Kmsrealestategroup
Added: Jul 23 Changed: Aug 27 Last Checked: Aug 27 at 11:54PM

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 McKinnies Realty, LLC Elkhart

Investment Insights

Based on property information with market context.

This multifamily property at 550 Lincolnway in Mishawaka, Indiana, contains 3,116 square feet and dates to 1892. Renovation work has begun, but the improvements are not complete. The property is offered for sale in its current as-is condition, providing a buyer with an existing multifamily structure and partially completed renovation work.

Key Highlights

  • 3,116‑square‑foot multifamily property
  • Renovation work has begun but remains incomplete
  • Offered for sale in as‑is condition

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Grocery & Convenience Store Skin Care Clinic (Bike/Boat/Book/etc) Store Carpet & Flooring Store Big Box & Wholesale Store Tech Support Center

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

Location Intelligence

Trade Area within ½ mile

957
Businesses Nearby

Demographics for 46544, IN

31,571
Population
13,661
Households
2.3
Avg Household Size
38
Median Age
25%
College-Educated
88%
High-School Grad
39.8 sq mi
ZIP Area
793
Density / Sq Mi
$57,873
Median Household Income
$40,120
Median Earnings
$1,018
Median Rent
$151,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Built in 1892, the property is offered for sale in Mishawaka, Indiana, in its current condition.
Where is this multifamily property located?
The property is located at 550 Lincolnway Mishawaka, IN.
What is the asking price?
The asking price for this property is $215,900.
What are key features of this property?
This property features: 3,116‑square‑foot multifamily property; Renovation work has begun but remains incomplete; Offered for sale in as‑is condition
More about this property
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