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    OFF-MARKET
    Land

    1240 Douglas Rd, Mishawaka, IN 46545

    9.7 ac lot
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Land
    Lot 9.7 ac (422,532 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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