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    2405 Miracle Ln Mishawaka, IN 46545

    Sponsored
    For Lease
    $17 SF/Yr ($8,747 /Mo)

    Prime Mishawaka Retail Opportunity, 6175 SF

    Lot size:
    6,175 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 6,175-square-foot free-standing restaurant space is ideally situated at 2405 Miracle Lane, Mishawaka, Indiana, 46545, near the intersection of McKinley Avenue. The property boasts a highly visible location within the thriving 380,000-square-foot Town & Country Shopping Center, a well-established retail destination in South Bend. This single-tenant retail space offers significant potential for a variety of restaurant concepts. The center enjoys exceptionally high traffic volume due to its long-standing presence and impressive tenant mix. Current co-tenants include nationally recognized brands such as Kroger, Dunham's Sports, Chuck E. Cheese, BMV of Mishawaka, Rainbow Apparel, United Art & Education, Dollar Tree, Harbor Freight Tools, Arby's, Rent-A-Center, Mishawaka Furniture, Popeyes, and Firestone. The Town & Country Shopping Center is nearly fully leased, indicating strong market demand and a stable investment opportunity. This prime location offers excellent visibility and accessibility, making it an attractive proposition for a discerning restaurant operator seeking a prominent presence in a busy and established retail environment. The property's size and location within this successful power center provide a strong foundation for future growth and success.

    Property Features for 2405 Miracle Ln

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,175 SF
    Total Rate
    8747.92

    Unit(s) available at that property

    Space
    Size
    6,175 SF
    Rate per SF
    $17

    HighLights

    • 6,175 SF free‑standing restaurant space in Mishawaka, IN.
    • High‑visibility location in the 380,000 SF Town & Country Shopping Center, anchored by Kroger, Dunham's Sports, and other national brands.
    • 0.2 miles from Bethel University and 4.8 miles from the University of Notre Dame, with convenient public transportation.
    • High‑traffic intersection of McKinley Ave. & Hickory Rd., exceeding 31,000 ADT.
    • Low operating costs with estimated 2025 NNNs of $2.95/SF.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hi Ho Restaurant Chinese Restaurant Hi Ho Chop ... Chinese Restaurant Kingdom Opioid Rehab ... Addiction Treatment Center

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mishawaka
    County
    St. Joseph
    State
    Indiana
    Longitude
    -86.1929285
    Latitude
    41.6831096

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    FAQs

    What type of property is this?
    Retail property - Prime Mishawaka Retail Opportunity, 6175 SF
    Where is this retail property located?
    The property is located at 2405 Miracle Ln Mishawaka, IN.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: 6,175 SF free-standing restaurant space in Mishawaka, IN.; High-visibility location in the 380,000 SF Town & Country Shopping Center, anchored by Kroger, Dunham's Sports, and other national brands.; 0.2 miles from Bethel University and 4.8 miles from the University of Notre Dame, with convenient public transportation.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2405 Miracle Ln Mishawaka, IN 46545
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