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    2706 Grape Rd Mishawaka, IN 46545

    For Sale
    $710,000

    1.7 Acres, High Traffic Area, Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1.7-acre commercial land parcel presents a remarkable redevelopment opportunity in Mishawaka, Indiana. Located at 2706 Grape Road, this property boasts 340 feet of frontage on a heavily trafficked road, averaging 15,000 cars daily, and is just a quarter-mile north of McKinley Avenue, which sees 20,000 vehicles daily (per INDOT traffic counts). Its prime location offers excellent visibility and accessibility, situated only one mile from the Grape Road/Main Street shopping corridor, two miles from downtown Mishawaka and the Mishawaka Riverwalk, 2.5 miles from the University of Notre Dame, and 3.5 miles from downtown South Bend. Currently, the property includes a well-maintained 2,407-square-foot house and a two-car detached garage, presenting options for immediate income generation or future development. The R-1 residential zoning allows for a variety of development possibilities, including office, multi-family, or light retail uses. The asking price is $710,000, translating to $417,647.05 per acre. Annual property taxes are $4,868.78. This property's strategic location and significant frontage make it an ideal investment for discerning buyers seeking high-impact development potential in a thriving community.

    Property Features for 2706 Grape Rd

    General Information

    Property type
    Land
    Lot Size
    74,052 SF

    HighLights

    • 1.7‑acre commercial land parcel with 340 feet of frontage on heavily trafficked Grape Road in Mishawaka, IN.
    • Excellent location near major roadways, shopping, downtown Mishawaka, the Mishawaka Riverwalk, University of Notre Dame, and downtown South Bend.
    • High‑impact redevelopment opportunity with R‑1 zoning allowing for various uses including office, multi‑family, or light retail.
    • Includes a 2,407 sq ft house and a two‑car garage, offering potential for immediate income or future development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -86.187018172474
    Latitude
    41.685196405015

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    FAQs

    What type of property is this?
    Land - 1.7 Acres, High Traffic Area, Development Potential
    Where is this land located?
    The property is located at 2706 Grape Rd Mishawaka, IN.
    What is the asking price?
    The asking price for this property is $710,000.
    What are key features of this property?
    This property features: 1.7-acre commercial land parcel with 340 feet of frontage on heavily trafficked Grape Road in Mishawaka, IN.; Excellent location near major roadways, shopping, downtown Mishawaka, the Mishawaka Riverwalk, University of Notre Dame, and downtown South Bend.; High-impact redevelopment opportunity with R-1 zoning allowing for various uses including office, multi-family, or light retail.
    (574) 243-9522
    Request Owner's contact information
    2706 Grape 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
    2706 Grape Rd Mishawaka, IN 46545
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