Listing Agency: NAI Cressy - Mishawaka

Listed By: Chris Barth · License #IN RB14043585

Source: Crexi

Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 12:25PM

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Investment Insights

Based on property information with market context.

This residential income property consists of buildings configured with two units each. Every unit includes 2 bedrooms and 1 bathroom. Active management and the reported lack of deferred maintenance support the property's current operating condition, while manicured grounds add outdoor cooking and dining space.

The property is located at 601 Rizek Dr in North Liberty, west of downtown. Local shopping and dining are available downtown, including a grocery store, retail businesses, and restaurants. The site is 0.5 mile from SR 23 and less than 10 miles from US 31, providing connections toward South Bend, Walkerton, LaPorte, and Michigan City.

Key Highlights

• Each building contains two residential units
• Each unit offers 2 bedrooms and 1 bathroom
• Actively managed property with little, if any, deferred maintenance

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Pet 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

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

4

Businesses Nearby

Explore this area Business Placement

Demographics for 46554, IN

4,379

Population

1,817

Households

2.4

Avg Household Size

42

Median Age

26%

College-Educated

95%

High-School Grad

68.0 sq mi

ZIP Area

64

Density / Sq Mi

$75,043

Median Household Income

$56,998

Median Earnings

$855

Median Rent

$189,400

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?

Duplex - Actively managed residential income property with landscaped grounds and outdoor cooking and dining space.

Where is this duplex located?

The property is located at 601 Rizek Dr North Liberty, IN.

What are key features of this property?

This property features: Each building contains two residential units; Each unit offers 2 bedrooms and 1 bathroom; Actively managed property with little, if any, deferred maintenance