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    1240 Douglas Rd Mishawaka, IN 46545

    For Sale
    $2,425,000

    9.7 Acres, High-Visibility Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 9.7-acre commercial land parcel presents a remarkable investment opportunity in Mishawaka, Indiana. Located at 1240 E Douglas Rd, this property boasts 352 feet of frontage on the newly widened (five-lane) Douglas Road, offering unparalleled visibility and accessibility. Its strategic location directly across from the expansive 100-acre Saint Joseph Health System Mishawaka campus and WSBT studios ensures high traffic volume and strong brand recognition. Situated within the thriving University Park Trade area, this site benefits from the proximity to over 6 million square feet of existing retail, commercial, medical, and professional office space, creating a robust and established business environment. The property's zoning is designated as S2 PUD, providing flexibility for a variety of commercial developments. Its convenient location offers easy access to major thoroughfares, including the Capital Avenue extension and the Main Street/Grape Road corridors, as well as close proximity to Elkhart. This prime location within Edison Lakes Corporate Park makes it an ideal site for businesses seeking high visibility and a strong presence in a rapidly growing area. The APN is 71-04-27-400-020.000-036. The asking price for this exceptional property is $2,425,000.

    Property Features for 1240 Douglas Rd

    General Information

    Property type
    Land
    Lot Size
    422,532 SF

    HighLights

    • 9.7‑acre commercial land parcel in Mishawaka, IN with 352 feet of frontage on the newly widened five‑lane Douglas Road.
    • High‑traffic location directly across from Saint Joseph Health System Mishawaka campus and WSBT studios.
    • S2 PUD zoning allows for diverse commercial development.
    • Asking price: $2,425,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mishawaka
    County
    St Joseph
    State
    Indiana
    Longitude
    -86.1708338
    Latitude
    41.7095362

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    FAQs

    What type of property is this?
    Land - 9.7 Acres, High-Visibility Location
    Where is this land located?
    The property is located at 1240 Douglas Rd Mishawaka, IN.
    What is the asking price?
    The asking price for this property is $2,425,000.
    What are key features of this property?
    This property features: 9.7-acre commercial land parcel in Mishawaka, IN with 352 feet of frontage on the newly widened five-lane Douglas Road.; High-traffic location directly across from Saint Joseph Health System Mishawaka campus and WSBT studios.; S2 PUD zoning allows for diverse commercial development.
    (574) 271-4060
    Request Owner's contact information
    1240 Douglas Rd Mishawaka, IN 46545
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    Mishawaka, IN 46545
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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
    1240 Douglas Rd Mishawaka, IN 46545
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