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    116 Mishawaka Ave Mishawaka, IN 46545

    Sponsored
    For Lease
    $12 SF/Yr

    Downtown Mishawaka Office Space Available

    Lot size:
    5,127 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 116 W Mishawaka Ave in Mishawaka, Indiana (zip code 46545), offers multiple office suites within the vibrant River Rock Complex. Built in 2017, this mixed-use development boasts a prime location at the northwest corner of Main Street and Mishawaka Avenue, directly adjacent to Beutter Park. The property sits on a 1.6-acre lot and is zoned C-3, allowing for a variety of commercial uses. Four spaces are currently available, ranging in size from 255 square feet to 2,810 square feet, making it ideal for businesses of various scales. The River Rock Complex is a planned, mixed-use urban development situated along the St. Joseph River, offering easy access to the beautifully landscaped river walk and Beutter Park's amenities, including seasonal markets, concerts, movies, and art fairs. This thriving downtown location is surrounded by a diverse mix of restaurants, pubs, and other commercial and professional businesses, as well as residential options, all within walking distance. The property's proximity to Beutter Park and the river walk provides a unique and attractive environment for businesses and employees alike. This is a rare opportunity to secure office space in a dynamic and highly desirable location.

    Property Features for 116 Mishawaka Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,127 SF

    Building Details

    Year Built
    2017

    Unit(s) available at that property

    Space
    112 W Mishawaka
    Size
    1,604 SF
    Rate per SF
    $22
    Space
    129 W Grove Suite A
    Size
    255 SF
    Rate per SF
    $12
    Space
    618 Elizabeth Steet
    Size
    458 SF
    Rate per SF
    $22
    Space
    132 W Mishawaka
    Size
    2,810 SF
    Rate per SF
    $22

    HighLights

    • Prime mixed‑use location in Mishawaka's revitalized downtown, anchored by Beutter Park and its river walk.
    • Surrounded by diverse amenities including restaurants, pubs, and various residential options within walking distance.
    • Significant recent development adding over 700 new housing units and a new $22 million Beacon Health outpatient center.
    • City of Mishawaka invested over $20 million in new City Hall and related facilities.
    • Over $150 million invested in the immediate area within the last 5 years.
    Property Profile Location Intelligence

    Current Use by Public Records

    River Rock Apartments Apartment Complex

    Suggested Use

    Realty agency Law Firm 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
    -86.182246
    Latitude
    41.666445

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    FAQs

    What type of property is this?
    Office Property / Space - Downtown Mishawaka Office Space Available
    Where is this office property / space located?
    The property is located at 116 Mishawaka Ave Mishawaka, IN.
    What is the lease rate?
    The lease rate is $12-$22 SF/Yr.
    What are key features of this property?
    This property features: Prime mixed-use location in Mishawaka's revitalized downtown, anchored by Beutter Park and its river walk.; Surrounded by diverse amenities including restaurants, pubs, and various residential options within walking distance.; Significant recent development adding over 700 new housing units and a new $22 million Beacon Health outpatient center.
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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

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    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
    116 Mishawaka Ave Mishawaka, IN 46545
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