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    Main St Mishawaka, IN 46545

    For Sale
    $1,706,050

    Prime Mishawaka commercial land, divisible.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 2.29-acre commercial land parcel (APN: 71-04-33-276-001.000-005) is ideally situated at the southeast corner of Main Street and Edison Lakes Parkway in Mishawaka, Indiana (46545). Zoned C1, this high-profile site presents a unique opportunity for restaurant or commercial development. Its location offers excellent visibility and accessibility, benefiting from proximity to the Saint Joseph Health System Mishawaka campus and the entrance to Edison Lakes Corporate Park. The property is part of the thriving University Park Trade Area, a dominant retail market in northern Indiana and southwestern Michigan, anchored by major retailers such as Sears, J.C. Penney, Barnes & Noble, and Macy's. Priced at $1,706,050 ($745,000 per acre), this parcel is divisible, offering flexibility for various development scenarios. A ground lease may also be available. This is a rare opportunity to acquire a strategically located commercial property in a rapidly growing area. The property's location across from Papa Vino's restaurant further enhances its appeal and potential.

    Property Features for 0 Main St

    General Information

    Property type
    Land
    Lot Size
    99,752 SF

    HighLights

    • High‑profile restaurant or commercial development opportunity.
    • Highly divisible space.
    • Prime location in the University Park retail area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mishawaka
    County
    St Joseph
    State
    Indiana
    Longitude
    -86.1817838
    Latitude
    41.6921157

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    FAQs

    What type of property is this?
    Land - Prime Mishawaka commercial land, divisible.
    Where is this land located?
    The property is located at Main St Mishawaka, IN.
    What is the asking price?
    The asking price for this property is $1,706,050.
    What are key features of this property?
    This property features: High-profile restaurant or commercial development opportunity.; Highly divisible space.; Prime location in the University Park retail area.
    (574) 485-1515
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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
    Main St Mishawaka, IN 46545
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